Mumbai/Hyderabad, India, April 18, 2019: Cyient, a global provider of engineering, manufacturing, geospatial, digital, network, and operations management solutions to global industry leaders, in partnership with Xynteo, an international advisory firm, announced the launch of the MedTechConnect platform, aimed at bringing medtech stakeholders together to address India’s ‘last-mile challenge’ in healthcare and, ultimately, touch millions of lives by 2022 and beyond.
India is home to a thriving technology ecosystem, yet more than 80% of its medical technologies and devices are imported. A large segment of the country’s population still does not have access to basic healthcare services. The mission of the MedTechConnect platform is to bridge this gap by delivering disruptive medical technologies that create a step-change in healthcare delivery to every corner of the country, while catalyzing innovative business models to minimize the cost and maximize the reach of these technologies.
MedTechConnect will enable a collaborative ecosystem comprised of stakeholders across the healthcare value chain (start-ups, innovation hubs, academia, industry and government bodies, funding and investment partners, and scaling channels across private and public channels) and will foster the development of technologically advanced healthcare solutions that are accessible, affordable and beneficial to people across the country. Members of the platform will work on three levels:
Develop partnerships with institutions that ideate, incubate and fund technologies to source breakthrough medtech solutions.
Take solutions from labs to market with support on product industrialization, clinical validation, regulatory compliance and design for manufacturing.
Build a ready network of trusted private and public channels to scale with sustainable models.
As a partner organization of India2022, a business-led coalition, committed to creating a new model of growth by the 75th year of India’s independence, Cyient leads the Healthcare Impact Track. Cyient in partnership with Xynteo, established MedTechConnect to promote high-quality indigenous healthcare technologies and make them accessible to people from all demographic and geographic backgrounds.
With several industry experts on the advisory board and Cyient and India2022 coalition (powered by Xynteo), as founding partners, MedTechConnect has already facilitated a rich ecosystem with innovative start-ups, industry bodies and scaling partners. Our current partners include Cardiac Design Labs, Bioscan Research, AiMeD, the Publich Health Foundation of India, the Centre for Cellular And Molecular Platforms (C-CAMP), Social Alpha, and Cygnus Hospitals.
Cyient’s Senior Vice President of Medical Technology and Healthcare, Brian Wyatt said, “We have been working with Xynteo and our advisors and ecosystem partners to make MedTechConnect a reality since Cyient joined India2022 Coalition last year. The platform was shaped by combining Cyient’s expertise in medical technology and healthcare with creative ideas from the Xynteo team, valuable suggestions from our advisory board and actual challenges faced by the participants across the patient care continuum. We believe collaboration among healthcare stakeholders and a cross-pollination of ideas will play a pivotal role in addressing current industry challenges, promoting innovation and improving overall population health.”
Managing Director of Xynteo India, Subhashini Chandran said, “MedTechConnect combines technology with the power of collaboration to improve healthcare delivery in India, particularly at the last -mile. This platform is a great example of India2022 coalition’s operating model – bringing together a wide range of key constituents to work together in new ways for systems transformation.”
Cyient (Estd: 1991, NSE: CYIENT) provides engineering, manufacturing, geospatial, digital, networks, and operations management solutions to global industry leaders. Cyient leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems. As a Design, Build, and Maintain partner, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve.
Relationships form the core of how Cyient works. With more than 15,000 employees in 22 countries, Cyient partners with clients to operate as part of their extended team, in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources.
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About India2022 Coalition
Xynteo catalysed India2022 – a purpose-driven global business coalition committed to leverage the power of collaboration. Launched in March 2017, India2022 was given the blessings of the then, President of India, Shri Pranab Mukherjee who praised the coalition as “the need of the hour”. The Coalition is working to unlock a new model of growth, in line with the 75th year of India’s independence. Xynteo, together with the Coalition founding partners, The Aditya Birla Group, Hindustan Unilever, Cyient, Shell, GE, Tata Trusts, Tech Mahindra, TechnipFMC, State Bank of India and WPP is committed to advancing practical projects at the intersection of human need and commercial opportunity. The India2022 coalition is harnessing the combined strength of purposeful leaders in the areas of energy, waste, sanitation, healthcare and sustainable mining to support the momentum of growth in the country.
Follow news about the company at @Xynteo
Xynteo is a platform for galvanising leaders and catalysing ideas – and fusing them into new projects, for new growth. We are a tribe of 8000 people and growing — CEOs and business leaders from some of the world’s leading companies, pioneers and pathfinders, beacons, philosophers and wisdom keepers, artists and media — combining forces to work on today’s biggest challenge: how to create a new growth model, fit for the 21st century. We have offices in Oslo, London, New Delhi and Mumbai.
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