The UK government and Andhra Pradesh MedTech Zone (AMTZ) have
joined forces to plug the gap between the demand and supply of
ventilators and essential medical equipment to fight the COVID-19
pandemic. Selected start-ups will be hosted at AMTZ’s MediValley
incubation centre, receiving financial, technical and
infrastructure support necessary to make their...Request free trial
The UK government and Andhra Pradesh MedTech Zone
(AMTZ)
have joined forces to plug the gap between the demand and
supply of ventilators and essential medical equipment to
fight the COVID-19 pandemic.
Selected start-ups will be hosted at AMTZ’s MediValley
incubation centre, receiving financial, technical and
infrastructure support necessary to make their
equipment market-ready. The programme is part of a
Memorandum of Understanding (MoU) signed
recently between the UK government and AMTZ. The
MoU
aims to boost med-tech collaboration between the two
countries by creating direct research and development
linkages between UK companies and AMTZ’s
manufacturing and testing facilities, and to the wider
Indian healthcare market.
,
British High Commissioner to India, said:
COVID-19 affects every human being on the planet and
respects no border. The need for collaboration on
science and innovation between nations has never been
more important. The UK is already India’s second
biggest research partner, with joint research
expected to be worth £400 million by 2021. Last
month, we announced five new projects to tackle
anti-microbial resistance.
I am delighted that this new med-tech programme takes
our partnership even further. I look forward to
seeing the life-saving solutions we can pioneer by
bringing the best scientific minds from the UK and
India together as a force for good in the world.
Dr. Jitendar Sharma, Managing Director and CEO,
AMTZ
said:
AMTZ
is happy to sign a memorandum of understanding with
the British High Commission for encouraging
innovations in medical devices, particularly on those
products that are necessary for fight against the
global pandemic of COVID.
Through this partnership, British High Commission and
AMTZ
aims to encourage a number of innovators and provide
them with technical, technological, financial,
entrepreneurial and strategic hand holding enabling
them to leapfrog from idea to innovation and from a
start-up to an established enterprise. This is with
an aim to serve the global innovation community.
-
The call for applications is open to all Indian
start-ups, MSMEs and innovators. This includes
those at prototype, development, pilot, validation,
early traction, and scaling stages. The application
form is available here and
further details can be found on the AMTZ website
and British High Commission’s social media pages.
The deadline for applications is 31 August, 2020.
-
Selected start-ups will be based in AIC-MediValley
at AMTZ and they
will have access to the state-of-the art
infrastructure support, technical guidance from
experienced mentors, domestic and international
sourcing support, manufacturing scale-up support
for successful start-ups, collaboration
opportunities with the UK and Indian med-tech
companies.
-
The MoU for the
manufacturing support programme between the UK
Government and AMTZ was
signed on 31 July, 2020 under the UK-India Tech
Partnership programme, which was established in
2018 to bring together the best tech minds from
both countries to deliver high-skilled jobs and
economic growth as well as to collectively tackle
some of the world’s biggest challenges.
-
AMTZ is an
enterprise under the Government of Andhra Pradesh
dedicated for medical device manufacturing. It has
reserved 100,000 square feet rent-free
manufacturing space for start-ups to facilitate
quick commercialisation of successful solutions. It
has been contracted by the Government of India for
the manufacture of ventilators and other essential
medical equipment such as masks, PPE, testing kits,
etc. MediValley is the incubation and innovation
arm of AMTZ, funded
by NITI Aayog, as Atal Incubation Council.
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