AMTZ Signs MoU With IIT Bombay For Rapid Innovation In The Medical Device IndustryPublish Date : Aug 18, 2017
The Andhra Pradesh MedTech Zone (AMTZ), which is setting up India’s first ultra-modern medical equipment manufacturing ecosystem in Visakhapatnam, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Bombay (IITB) for accelerating medical device innovation and commercialization within the country. The MoU was signed by Dr Jitendar Sharma, CEO, AMTZ and Prof. Petety V Balaji, Dean, R&D, IIT Bombay.
This MoU enables manufacturers at AMTZ with access to laboratories, training programs and talent from IIT Bombay. New product development, research, government policy promotion will also receive a boost with this partnership between industry and academia. Startups in the field of medical technology which are part of the IITB incubator program will also benefit from the large integrated ecosystem being provided by AMTZ.This partnership will contribute positively towards the development of the overall medical technology ecosystem in the country.
AMTZ would include facilities such as component testing centre, electro-magnetic interference laboratory, medical grade low vacuum molding, cabinet molding, injection molding centres, 3D designing and printing for medical grade products, sterilization and toxicity testing centre, radiation testing centre, gamma irradiation facility, rapid prototyping centre, warehousing and regulator’s office.