Gandhi Institute of Technology and Management (GITAM) has signed an MoU with Blockchain for Impact (BFI) to establish a dedicated MedTech Incubation Centre at the GITAM Institute of Medical Sciences and Research (GIMSR) in Visakhapatnam. The centre will focus on developing affordable, clinician led non-invasive diagnostics and patient monitoring technologies to address India’s heavy dependence on imported medical devices.
Glimpse:
The new incubation centre aims to bridge the gap between clinical challenges, engineering capabilities, and startup innovation. BFI will provide grant support for establishment and operations, while GITAM will contribute its multidisciplinary academic ecosystem, clinical infrastructure, and existing biomedical engineering strengths. The initiative aligns with national goals of Make in India and Atmanirbhar Bharat by promoting indigenous MedTech development.
GITAM (Gandhi Institute of Technology and Management) and Blockchain for Impact (BFI) have joined hands to set up a specialised MedTech Incubation Centre at GITAM’s medical campus in Visakhapatnam. The centre, located at the GITAM Institute of Medical Sciences and Research (GIMSR), will serve as a translational innovation hub where clinicians, engineers, researchers, and entrepreneurs collaborate to convert real world hospital problems into viable medical technologies.
A major focus of the centre will be the development of affordable non invasive diagnostics and advanced patient monitoring solutions. These innovations aim to enable earlier detection of diseases, reduce time to diagnosis, and improve patient outcomes while lowering healthcare costs. The partnership addresses a critical gap in India’s medical device ecosystem nearly 70% of the country’s medical device requirements are currently met through imports.
Under the MoU, BFI will extend grant support for the establishment and smooth functioning of the incubation centre. GITAM will leverage its strong academic ecosystem, clinical infrastructure at GIMSR, and existing capabilities in biomedical engineering and medical technology. The centre will provide structured support to startups, students, and clinicians, guiding ideas from concept through prototyping and clinical validation.
This collaboration is expected to foster clinician led innovation and help reduce the silos that often exist between clinical care, engineering, and entrepreneurship in Indian hospitals.
“Hospitals in India face daily problems, but few become technologies due to silos across clinical care, engineering, and startups. GITAM addresses this through an MoU with BlockchainForImpact and GIMSR, focusing on affordable non-invasive diagnostics.”
By
HB Team
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