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GE Healthcare has entered into a three year collaborative research and development agreement with the Healthcare Technology Innovation Centre (HTIC), a multi-disciplinary R&D centre of Indian Institute of Technology (IIT) Madras for disruptive and affordable healthcare solutions.
The collaboration is to address issues related to mother and child health, cardiology and cancer. GE would provide a grant of Rs 75 Lakh to HTIC towards research and development of these disruptive solutions which could benefit all emerging markets. The collaboration will encourage open innovation and leverage co-creation of solutions with the involvement of multiple stakeholders such as academia, start-ups, governments, NGOs and clinicians to achieve these goals, said an announcement.
"This collaboration between HTIC and GE Healthcare will bring together start-up dynamism and corporate scalability to healthcare innovations while putting the unserved customer at the centre of healthcare innovation,” said Terri Bresenham, president and CEO, GE Healthcare, South Asia.
