It's raining incubators in TS

Published by Sharath N on December 04, 2015 00:26:00 AM
It's raining incubators in TS

KTR launches Center for Healthcare Entrepreneurship at IIT Hyderabad

Telangana government is planning to set up an incubation centre in gaming and animation sector, said K T Rama Rao, Telangana Information Technology minister, while inaugurating the ‘Center for Healthcare Entrepreneurship’ in Hyderabad on Thursday. “It’s raining incubation centres for the entrepreneurs in the State. Very soon the State government is also coming up with another incubation centre in defence and aerospace sector also,” he informed.

He said, “We are working to set up an aerospace incubation centre. We are talking to Boeing and Pratt & Whitney heads who play key role in various industry bodies. We want to keep these two organisations in the forefront and develop a specific centre where all the institutes come together with government support. As a part of T-Hub, the gaming and animation centre will be inaugurated on December 5, while the aerospace incubation centre will be ready by March next year.”

“We are focusing on aerospace, healthcare, information technology and its sub sectors. Among these healthcare sector is facing some challenges and it needs the support of innovation. Providing affordable healthcare is a global challenge. The role of the government in healthcare entrepreneurship is twofold - the private sector can improve and innovate while the government can adopt and incentivise the innovators. To encourage young entrepreneurs, the government is mulling innovation fund of T-Hub," the minister said.

“Technology that does not bring about social change is futile. We are planning to bring accountability in government healthcare system by leveraging technology like using CC cameras in Primary health centres etc. There is an imperative need to digitise the health records. The government has already started a pilot project to digitise the health records of its 36 million citizens across the State. We want to compile all the citizens' basic information and put it on Cloud using hospital management software," he said.

"The integrated database would be available for both government and private hospitals. The health records can be accessed by a unique ID or Aadhar card. The whole data will be put in Cloud so that anybody can access the information such as the blood group, acquired allergies, previous diseases etc,” he explained.

KTR further said that the government may consider budgetary allocation for the recently inaugurated T-Hub with collaborative efforts from the Indian School of Business (ISB), the International Institute of Information Technology, the International Institute of Information Technology (IIIT-Hyderabad) and NALSAR University of Law, besides various other organisations.

He welcomed Indian Institute of Technology (IIT) Hyderabad to work with Telangana government in setting up entrepreneurship opportunities in the areas of IT, aerospace and healthcare. He congratulated IIT Hyderabad for kicking off the Center for Healthcare Entrepreneurship in line with the thinking of our Prime Minister Narendra Modi and State Chief Minister K Chandrashekar Rao.

B V R Mohan Reddy said that “Although we have a god given demographic advantage, there is a need to create 100 million jobs in 10 years. It’s often thought that large companies create jobs, but it is start-ups that contribute 60 per cent of the jobs today. We are fortunately at a time when innovation is at its best. We have to make innovation a part of our education culture. IIT Hyderabad is today at the fore-front of the second generation IITs. With this centre, they bring technology into healthcare aiming to touch the lives of people.”

"Innovation and entrepreneurship are the key drivers to India's economic development. It is imperative that we create an ecosystem in India for innovations and entrepreneurship. Starting this centre at IIT Hyderabad is a step in creating this ecosystem,” said Uday B Desai, director IIT-Hyderabad. The centre will be sponsored by two Silicon Valley entrepreneurs and IIT Bombay alum Raj Mashruwala and Avinash Manudhane.

Commenting on the reason to choose IIT Hyderabad, Avinash Manudhane said, “What really trumps aptitude is attitude and that’s exactly why we went with IIT-Hyderabad, for their passion.” The centre will operate with a physical office and research facilities within IIT Hyderabad campus. Apart from being an incubator, the centre intends to have a complete programme for identifying and grooming entrepreneurs, and mentoring them.