Kerala Medical Technology Consortium
The field of medical technology covers medical devices that include instruments and apparatus in diagnosis, monitoring, treatment or prevention of diseases, along with medical IT, healthcare technology and the Internet of Things. The industry is characterized by innovation and frequent introduction of new technologies.
Medical Device : Long pathway of Development Life Cycle
Idea
Prototype
Testing
Pre clinical
Clinical
Trials
Approval
(FDA)
Product
Launch
Marketing
Sales
Develop
Validate
Design
Analyze
Redesign
Feedback
This process often takes 2 to 10 years, with several potential Valleys of Death. It is difficult for any one entity or organization to undertake all aspects of the technology development of medical devices.
A catalyst that could support this development cycle, particularly in India is a consortium focused on medical technology that connects all the institutions and creates an entrepreneurialecosystem. A focused consortium would help Catalyse this journey and fuel the immense entrepreneurial growth in India.
The Kerala Medical Technology Consortium (KMTC) envisions creating services that support entrepreneurs in each area of the lifecycle.
The Kerala Medical Technology Consortium (KMTC) envisions creating services that support entrepreneurs in each area of the lifecycle.
Kerala ecosystem is modelled around the competitive cluster environment concept.
KMTC is a futuristic and highly ambitious program envisioning to create an appropriate ecosystem in the state to foster medical innovation, R&D, technology development and manufacturing over the next decade, KMTC is NOT yet another incubation facility.
It is conceived as a new “Beyond Cluster” model where the entities will interact and iterate between themselves and organically evolve. The key ingredient is to create Cluster thinking among all participants as it orients economic development policy and practice toward groups of organizations and away from individual firms. The key activities would be developing the beyond cluster ecosystem by bringing together all the key institutions, by defining their relevant roles, creating additional resources, developing the talents and fuelling the growth with the incubation facilities.
Vision
Kerala will aspire to be the medical devices hub of India in 2032 and in the Top 20 globally.
Mission
To accelerate Medical Device manufacturing and technology in Kerala by fostering an ecosystem of knowledge sharing between Research Organizations, Academic Institutions, Industry, Healthcare Institutions and Government.
Fostering A Vibrant Medtech Ecosystem
1
Aptitude and enthusiasm for Innovation
6
World-class technical and managerial talent
2
Adaptable dynamic and "can do" attitude of workforce
7
Competitive corporate tax rate and knowledge development Incentives
3
Entrepreneurial spirit
8
Supportive environment for R&D
4
Product Development Expertise
9
Favourable regulatory environment
5
Efficient collaboration across diverse disciplines
10
A culture of quality and ethical compliance
1
Aptitude and enthusiasm for Innovation
2
Adaptable dynamic and "can do" attitude of workforce
3
Entrepreneurial spirit
4
Product Development Expertise
5
Efficient collaboration across diverse disciplines
6
World-class technical and managerial talent
7
Competitive corporate tax rate and knowledge development Incentives
8
Supportive environment for R&D
9
Favourable regulatory environment
10
A culture of quality and ethical compliance
The Kerala Context
Health Index
SDG India Index
Public Affairs Index
Universities
Training Institutes
Colleges
Colleges
Colleges
Why Is Kerala The Best Suited For A Medtech Cluster ?
Kerala has some of the finest academic institutions doing world-class research in the arenas of cardiovascular, neurosciences, nanotechnology, oncology, and infectious disease.
Higher education institutes graduate a number of highly trained and skilled researchers, technicians, scientists who can populate the workforce of the medical device and technology sector from all angles – manpower, intellectual prowess, and entrepreneurial skills.
The tertiary level hospitals are attuned to the need for and the ability to performing advanced clinical procedures using novel technologies.
A highly educated patient population seeks and demands cutting edge clinical procedures because of their exposure to such technologies overseas and at other centers of excellence.
There is a growing medical tourism sector in the state that caters to a highly informed clientele that seeks the latest available technological advances.
The state is blessed with a good climate and standard of living which attracts a plethora of the world experts.
Act as one stop source for individual entrepreneurs to create, grow, and fund innovative medical device/technology companies.
Facilitate development and manufacturing of cutting edge medical technologies and healthcare solutions that are competitive in international markets
Identify special clinical needs relevant to Indian society and address them with innovative and cost-effective solutions
Generate multidisciplinary R&D efforts to address socially relevant clinical needs that have minimal or low commercial potential, with significant support from the government
Develop appropriate environment and skilled workforce to attract global industry leaders to Kerala for economic growth and development
Create high paying and sustainable jobs
Success Stories
