Start-ups playing vital role in TS growth: KTR

Hyderabad: IT and Industries Minister K T Rama Rao on Wednesday sought to highlight the growing role of start-ups in the State, especially in the Medtech sector. “A range of companies and start-ups based in Hyderabad are focused on building next generation medical device products like 3D printed bionic arms, imaging systems, digital health solutions, […]

Hyderabad: IT and Industries Minister K T Rama Rao on Wednesday sought to highlight the growing role of start-ups in the State, especially in the Medtech sector.

“A range of companies and start-ups based in Hyderabad are focused on building next generation medical device products like 3D printed bionic arms, imaging systems, digital health solutions, mobile dialysis units, next generation stents, targeted delivery devices, implants, among others,” Rama Rao said, addressing a gathering after inaugurating seven units at the Medical Devices Park in Sultanpur.

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Pointing out that these startups and companies were taking a variety of approaches to innovate the Medical Devices industry, he said they continue to put Hyderabad on the innovation map and the medical devices park offers complementary support to these innovators and companies as they scale. The kind of investments and establishments in this space that Hyderabad has wtinessed in the past four years not only from local but also from global companies has been extremely overwhelming, the Minister said, adding that the comprehensive and vibrant multi-disciplinary ecosystem of Hyderabad clearly differentiates the city from the rest of the country.

“While there are more than 20 innovation centers in Hyderabad, the government has also established T-Works, the country’s largest prototyping center, to support the development activities and enable the manufacturing activity at the Medical devices park. In addition, Hyderabad has numerous companies with expertise in plastics, precision engineering, electronics, etc., all of which are vital for medical device innovators and manufacturers. As a natural outcome, the city is making rapid strides in redefining healthcare,” he said.

Stating that there was a need to help companies innovate and develop products that are more advanced, efficient and affordable, he said companies also need help to build products that are relevant to the region, thereby helping reduce imports. “It is in this context that our focus is not only helping the medtech industry establish their manufacturing center here but also supporting innovation and R&D, which will ultimately lead to large scale manufacturing,” he said, adding that this was the reason for adopting an end to end approach for promoting growth in this sector with larger thrust on promoting design and development of innovative medical devices.

Companies that started operations at the MDP on Wednesday

Akriti Oculoplasty Logistics

Founded by Dr Kuldeep Raizada and Deepa Raizada, Akriti has presence in domains such as oculoplasty, pediatric ophthalmology, sports vision therapy and eye prosthesis. Akriti makes spectacles, implants, shields, eye box, occluders, flippers and reading glasse. Its 70,000 sqft facility has hitech machines, 3D printing, research and development as well as cleanroom facilities with staff of 50.

Rees Medilife

Rees is involved in production of sterilised wound dressing kits, surgical kits and sterilised consumables on a large scale. It makes pre-surgical sterilisation kit and post-surgical wound care kits.

SVP Techno Engineers

SVP makes linear motion products, hospital bed and dental chair actuators, and robots. It also started manufacturing continuous passive motion equipment, medical bathing system and robotic gait training system in 2019 to provide quality and cost-effective products to the medical sector.

Arka

Arka makes dental implants, maxillofacial implants, custom-designed prosthesis, cranial 3D- plating system, and research and development in bone grafts, and surgical motors. It wants to establish itself as a novel bio-innovation hub.

HLSS Manufacturing

HLSS, a 100% subsidiary of Huwel Lifesciences, is engaged in manufacturing of molecular diagnostic and lateral flow, rapid antigen and antibody kits. The MDP facility can produce up to three million tests a month. It wll also make room temperature stable reagents, which enable to transport and store RTPCR kits at room temperature. This comes handy tier 2 and 3 town, where the resources are limited.

Elvikon

Elvikon makes custom-made dental implants and bridges, temperature sensors (10,000 pieces a month) for vaccines, drugs, blood and plasma bags. It is now piloting sweat sensors, a single use and point-of-care medical patch to detect different diseases. Its nanoparticles find use in various industrial sectors.

Promea Therapeutics

Promea is a diagnostics and novel medical devices manufacturing company specialising in immunodiagnostics and molecular diagnostics. It has a team for research and development team for product innovation and strategy development and implementation.

Sahajanand Medical Technologies (in April)

SMT is setting up a stent-making unit at MDP. It is investing about Rs 250 crore for the 20-acre facility that will be ready by April or May next year. It will have capacity to make 1.2 million stents and two million catheters.

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