MEDAK: Telangana Medical Devices Park will be launched on June 17 in Sultanpur village in Patancheru mandal in Medak district.
Announcing the date for the launch of medical devices park, Industries minister KT Rama Rao said on Wednesday, “Medical devices park is a dedicated ecosystem for MedTech innovation. With the launch of a dedicated, MedTech Park, Hyderabad will strengthen its ecosystem for MedTech innovation and manufacturing.”
Three-pronged approach
Promoting India specific Innovation through Incubation: Proposed in IIIT Hyderabad, the facility will have a combination of med-tech (metal alloy work, plastics, med-electronics,etc) and biotech equipment (Dna,protein, reagents). IIIT-H will provide expertise in e&e, IoT, image/voice/data processing, etc.
Accelerator/Seed-Fund: It has been proposed to set up a Seedfund as a SeBI category 1 fund, which will select medtech startups and invest in them. The accelerator will provide seed funds (`10-50 lakh in tranches), and also mentoring to the start-ups.
Manufacturing Infrastructure and Common Facilities: Medical devices park brings together a holistic ecosystem for setting up research as well as manufacturing units, and benefit from the scale and facilities of a larger cluster.
What it offers
Best-in-class infrastructure over an area of 250 acres
Close proximity to Hyderabad & RGIA
Comprehensive facilities to support innovation, research & development, and industrial scale manufacturing
Dedicated support ecosystem in terms of warehousing and logistics, electricity & water, waste management, etc.
Government support to facilitate approvals and tailored business friendly policies Education, training, research and incubation facilities to encourage entrepreneurship and innovation
Dedicated social infrastructure for the people working in the cluster