T-Hub Partners with Medtronic to Support Healthtech Innovation in India

Startups affiliated with T-Hub will benefit from mentorship, sponsorship, and expert guidance provided by MEIC (Medtronic Engineering & Innovation Center).

T-Hub, a Hyderabad-based startup ecosystem enabler, has partnered with Medtronic, a global leader in healthcare technology. This partnership seeks a significant advancement in nurturing innovation and growth within India's vibrant healthtech startup ecosystem.

The cornerstone of this collaboration lies in the support provided by the Medtronic Engineering & Innovation Center (MEIC) located in Hyderabad, which stands as Medtronic's largest Research and Development (R&D) center outside of the United States.

MEIC is poised to cultivate industry collaborations and actively participate in initiatives such as CXO roundtables and innovation workshops through this partnership.

These endeavors aim to establish thought leadership in healthtech R&D, facilitating a deep dive into the ever-evolving landscape of health-tech innovation.

Additionally, startups affiliated with T-Hub will benefit from mentorship, sponsorship, and expert guidance provided by MEIC, propelling their ventures toward success.

Furthermore, MEIC employees will also have the opportunity to engage in tailored entrepreneurship workshops curated by T-Hub, fostering a culture of innovation and collaboration.

Sharing thoughts, Mahankali Srinivas Rao, CEO, T-Hub, said, "Through our partnership with Medtronic, T-Hub continues its mission of nurturing startups and propelling innovation within the health-tech sector. We are confident that together, we will accelerate the growth and enhance the impact of health-tech startups, paving the way for a brighter and healthier future for all."

Explosive Growth in the Healthtech Sector

The healthtech sector in India has experienced exponential growth, boasting over 8,000 startups valued at approximately $2 billion. Notably, the sector is expanding at an impressive rate of nearly 40%.

With projections indicating that the sector will reach $5.5 billion by 2025, the partnership between T-Hub and Medtronic is poised to accelerate this growth trajectory further.

Commenting on the partnership, Divya Prakash Joshi, VP & Site Leader of MEIC, said, "For over a decade, MEIC has contributed to excellence in global healthcare from Hyderabad and our dedicated team of engineers has put innovative ideas to work to generate solutions for better patient outcomes."

Prakash further noted that the organizations are jointly committed to driving innovation and advancing healthcare outcomes globally.

Through this strategic partnership, the companies seek to leverage their respective expertise and resources to empower healthtech startups in India, fostering a culture of innovation and driving sectoral growth.

In a similar vein, Providence India, a global healthcare engineering and innovation hub, unveiled a new office facility in Hyderabad. Alongside this expansion, the company revealed intentions to substantially increase its workforce in India, aiming to meet the escalating demand for advanced technological solutions in healthcare.

The new office facility is expected to be a central hub for critical functions, including cloud services, cybersecurity, clinical applications, digital solutions, data analytics, and product development. Additionally, Providence India plans to actively hire skilled professionals in these areas, tapping into India's diverse talent pool.