Foundation for MSME Clusters in association with MEDISOURCEASIA as knowledge partner would be announcing the winners for the Sushruta Innovation Award on 12th of February 20100 at 3 pm at J. B. Auditorium at AMA. The esteemed panel members shall comprise of Mr. Mukesh Gulati, Executive Director Foundation for MSME Clusters; Dr. A. S. Rao, Director-Innovations CIIE IIMA and many others.
The award recognizes the most innovative medical device idea/prototype by the students from the field of biomedical engineering and medical technology in India. The Sushruta Innovation award consists of two parts:
- An INR 50,000 cash prize for the winner entry and INR 30,000 cash prize for the first runner-up
- Mentoring support from Foundation for MSME Clusters’s pool of mentors and Stanford India Biodesign, New Delhi
Entries included medical device innovations in the field of diagnostic, orthopaedics, therapeutics, implants, packaging and automation. Out of the 46 applications received, 14 applications have been shortlisted on the bases of innovativeness and market potential of their idea. The top 2 finalists are from Banaras Hindu University and Avinashilingam Deemed University for Women.
About the Sushruta Innovation Award
Developed clusters like Ahmedabad and Baroda in pharmaceuticals and medical devices has lead India to low cost effective drugs/ devices as a example. However a detail diagnosis in these clusters was attempted and found there is lack of enabling condition for the budding innovators. To boost up the clusters various intervention were made and to further promote the capacity of the institutions to link with the industry, competition such as the Sushruta Innovation award was conceptualized. This can create a new generation of technology-driven innovative enterprises, which last longer and grow rapidly. We can also expect to create new role models that will generate confidence in our innovation capabilities and act as a positive reinforcement to national innovation efforts.
The competition is implemented by the Foundation for MSME Clusters under the Promoting Innovation Clusters programme (PIC) (www.innovationclusters.org), which is supported by the Department of Science and Technology (DST), Ministry of Science and Technology, India.
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