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SCTIMST-TIMed : Catalyse
Your MedTech Ideas
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S. Balram
CEO, SCTIMST-TIMed
Email:
timed@sctimst.ac.in |
SCTIMST-TIMed is the
Technology Business Incubator of Sree Chitra Tirunal
Institute for Medical Sciences and Technology,
Trivandrum (which is an Institute of National
Importance under the Department of Science &
Technology, Govt. of India) established in 2015. The
mandate of TIMed is to encourage innovation and
entrepreneurship in medical technologies through
technology business incubation support to innovators,
startups and industry. TIMed provides much needed
mentorship, funding, networking opportunities,
clinical and investor connects as well as basic
facilities and services that a Medtech or healthcare
startup requires. TIMed was set up as a Department of
Science & Technology (DST), Government of India
supported incubator.
TIMed extends incubation support to
startups and entrepreneurs who are involved in medical
device or healthcare technology development. Both
physical and virtual mode of incubation are promoted
at TIMed. Incubatees also include startups who have
taken the technology transfer from SCTIMST. TIMed thus
extends support and services to entrepreneurs and also
facilitating faster bench to bed side translation of
the technologies developed at SCTIMST through its
incubation activities. |
Incubatees are provided with mentoring support on
various aspects including idea validation, technology
and technical assessment, business plan development,
preparation for fund raising, pitch deck preparation and
also providing clinical, industry and vendor connects.
Incubatees gets the opportunity to access and avail the
infrastructure including clean room (class 10,000) for
pilot production, 3-D printers, laser cutters, design
software, high end work stations etc.
Some of the products developed by our startups and
launched in the market include the OralScan for oral
cancer screening (by Sascan Meditech), Dripo – smart
drip infusion monitor (by Evelabs), Biocalculus – remote
cardiac monitoring (by Waferchips Technosolutions) and
Telemedicine cart (by Mobilexion Technologies)
Startups and innovators go through a selection process
before they are admitted to TIMed. Constant need-based
support and mentoring is provided to healthcare
innovators at various stage of entrepreneurship. Some of
the startups supported by TIMed have won accolades at
National level and the recent ones include:
• National startup award in Health & Wellness sector,
2021 - won by Sascan Meditech Pvt Ltd given by
Department of Pharmaceuticals, Govt of India
• Sascan Meditech bagged the best startup in medical
devices category in the pharma and medical device
startup challenge conducted by startup India, 2021
• Anjali Mashelkar award for social innovation to Dr.
Subash Narayanan, founder of Sascan Meditech, 2021
• Ms. Sonia Mohandas, Co-founder of Waferchips won the
women entrepreneur grant from KSUM, 2021
• Evelabs Pvt Ltd bagged innovations award at PHIC Expo,
Chennai, November 2021
The innovators and startups of TIMed are supported
through various programs including the NIDHI Program of
DST, SIIP program and BIG funding of BIRAC, Technology
Transfer Office of NBM, BIRAC. TIMed also strives to
support its startups through corporate social
responsibility funds.
Highlights of the schemes at TIMed includes:
DST-NIDHI’s PRomoting and Accelerating Young and
ASpiring technology entrepreneurs (PRAYAS)- This program
caters to idea-stage entrepreneurs with a physical
product offering. Innovators will be provided with
technical mentorship, access to core facilities,
networking, other services include patent search and
filing, clinical connects, developing business plan etc.
A DST PRAYAS SHAALA has also been set up with high end
equipment required for medical device development and
assembly which includes 3D printers, laser cutters, pick
and place machine, 3D design software, high end work
stations etc. Several prototypes have been developed and
many of the innovators have received follow up funding
support and also filed or granted Indian and
international patents. |
