Tag: Innovation

IISc Signs MoU with Wipro GE Healthcare to Advance MedTech Innovation from India – for India and the World

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Telugu super news,India, 2024: Wipro GE Healthcare, a leading global medical technology, diagnostics, and digital solutions innovator today signed a Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc), India’s premier research institution, for a pioneering alliance to advance healthcare innovation, research, and technology development in India. This collaboration aims to take a comprehensive approach in solving the care gap by addressing the full lifecycle that includes co-developing solutions, validating the technologies, and manufacturing them locally to bring them to the market. With the impending commencement of the Bagchi-Parthasarathy Hospital & IISc Medical School, this strategic collaboration will enable translation of technologies from bench to bedside.

According to World Health Organisation Report 2018, “Globally, Non-Communicable Diseases (NCDs) accounted for 71% of total deaths. In India, NCDs were estimated to account for 63% of all deaths, and cancer was one of the leading causes (9%).” This industry-academia collaboration aims to advance indigenous innovation and manufacturing of MedTech products that meets the needs of both global and local patients suffering from NCDs including cancer, cardiology, and neurology in line with the agenda of ‘Atmanirbhar Bharat’.

The collaboration will entail co-development initiatives in the areas of basic and applied science, systems engineering, product & software development, consultancy, publications, academic studies, internships, fellowships, and training. IISc and GE HealthCare will constitute a joint working committee, comprising representatives from both sides, for research around product and solution development. 

Govindan Rangarajan, Director, Indian Institute of Science (IISc), said, “We see a tremendous need for innovative R&D that can improve outcomes in patients with NCD. The collaboration will emphasise combining science and engineering with translational & clinical research to epitomize “bench-to-bedside” innovation. GE HealthCare is the right partner for us in this initiative, given their leadership and strong footprint in India for R&D and manufacturing. We are confident that together, we can accelerate India’s position as a global force for healthcare for the world.”  

Chaitanya Sarawate, Managing Director, Wipro GE Healthcare and President & CEO, GE HealthCare South Asia, said, “India today is at an inflection point, with a potential to become the hub for the world. IISc is a premier educational institute engaged in technical education, basic and applied research, innovation, entrepreneurship, and industrial consultancy and GE HealthCare is a world leader in MedTech with strategic R&D and manufacturing footprint in India. This is a strategic collaboration that combines the strengths, capabilities, and local infrastructure of both entities. Our aim together is to invest in technologies of the future that can revolutionize the care paradigm – with more precise, connected, and compassionate care to patients in India and worldwide.”

The collaboration aligns with the Indian Government’s emphasis on fostering local Research and Development (R&D) and Manufacturing in the MedTech sector, necessitating Public-Private Partnership (PPP) models to further drive technology development. Collaborative efforts by both the entities will be deployed for product development and clinical research, improving indigenization of manufacturing and academic activities to strengthen the healthcare ecosystem.

Edelweiss Tokio Life’s 12-year journey of growth, customer centricity, and innovation

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Telugu super news,August 8 ,India, 2023: With an unmoving focus on protecting people’s dreams and aspirations, Edelweiss Tokio Life, a new-age life insurance company, has built an impressive track record of growth, innovation,
and customer centricity over 12 years in business. In FY 2022-2023, the company recorded a 20%
year on year growth to post a Rs. 502 crs Individual APE. Since inception, the company has grown at
a CAGR of 44%.


 
Subhrajit Mukhopadhyay, Executive Director, Edelweiss Tokio Life Insurance said, “Over the 12
years, we have made consistent efforts towards building an organization that can impart value to
every stakeholder it interacts with. We are proud that we have made significant strides in that
direction – be it product innovation to give superior solutions to the customer or inculcating the right
culture of advisory and distribution, we have grown the business while building a quality
organization.”
 
In recent years, the company has focused on bolstering its quality parameters by driving
organization-wide projects to improve distributor and customer experience. These projects have
been aimed at creating ease of business for distributors, overhauling the advisory approach to make
it more solution-oriented instead of product-oriented, and simplifying the customer’s lifecycle with
the company.


 
“As the insurance ecosystem changes at a fast pace, our priority has been to be intuitive in gauging
the organization’s requirements for each phase of growth. At this juncture, technology is playing a
vital role to bring in innovation and facilitate key changes and building a future-ready organization.
We are focusing on building those capabilities,” Mukhopadhyay added. 
 
In FY23, the company reported a Claim Settlement Ratio of 99.20%, and a Net Promoter Score of 54.

Cyient Committed to Investing in Technology, Innovation,and Sustainability in Finland

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Telugu super news,Hyderabad, June 26, 2023:Cyient, an engineering and technology solutions company, announced that it has fully integrated the Finland based acquired entity, Citec, into Cyient. As one of the final steps of the integration process, the Founder Chairman of Cyient, Dr. B.V.R Mohan Reddy visited the offices in Vaasa and Helsinki to commemorate this integration into Cyient.

While Cyient has completed 20 acquisitions over its 32-year history, Citec was the largest; in terms of revenue, valuation, number of people, and geographic locations. It was also it’s first in the Nordics region and has provided expanded capabilities in sustainability services and plant engineering. In every major geography Cyient operates in, it not only focuses on business but also in becoming an integral part of the local ecosystem, focusing on technology,
innovation, education, and entrepreneurship (start-ups). The company has committed to do the same in Finland.

The event held in Helsinki was attended by the Ambassador of India to Finland and Head of Business Finland for India, the Middle East and Africa. “I am impressed by the available talent, the ease of doing business, and the robust start-up ecosystem,” said Dr. B.V.R. Mohan Reddy, Founder Chairman, Cyient. Cyient has promised to build relationships with local innovation hubs, educational institutions, and the business community to promote the country.

“Both countries (Finland and India), enjoy a warm relationship. Finland can be a launching platform for Cyient to expand their presence in Europe” said Mr. Raveesh Kumar, Ambassador of India to Finland. As a sign of things to come, Cyient entered into a Memorandum of Understanding (MoU) with Vaasa-based Novia University of Applied Sciences. The two parties have agreed to partner on research and innovation, education, skill development programs,
and recruitment.