GITAM, BFI Partner to Launch MedTech Incubation Centre in Visakhapatnam for Non-Invasive Diagnostics

Under the MoU, BFI will provide grant support for the establishment and operation of the MedTech incubation centre at the GITAM Institute of Medical Sciences and Research (GIMSR).

Gandhi Institute of Technology and Management (GITAM) and Blockchain for Impact (BFI) have partnered to establish a MedTech incubation centre in Visakhapatnam, aiming to accelerate the development of non-invasive diagnostics and patient monitoring technologies through clinician-led innovation and structured startup support.

The new MedTech incubation centre at GITAM’s medical campus in Visakhapatnam will support startups, students, and clinicians developing affordable non-invasive diagnostic and patient monitoring technologies.

The initiative comes as India continues to depend heavily on imported medical devices, particularly in advanced technology categories, despite growing domestic manufacturing efforts.

Industry estimates suggest that nearly 70 per cent of the country’s medical device requirements are still met through imports, underscoring the need for stronger indigenous product development ecosystems.

Under the MoU, BFI, a catalyst funder from the global blockchain industry, will provide grant support for the establishment and operation of the MedTech incubation centre at the GITAM Institute of Medical Sciences and Research (GIMSR).

The facility will serve as a translational innovation hub where healthcare challenges identified in clinical environments can move into structured product development pipelines.

GITAM University stated, “Hospitals in India face daily problems, but few become technologies due to silos across clinical care, engineering, and startups. GITAM addresses this through an MoU with BlockchainForImpact and GIMSR, focusing on affordable non-invasive diagnostics.”

Leveraging GITAM’s multidisciplinary academic ecosystem and GIMSR’s clinical infrastructure, the incubation centre will bring together clinicians, engineers, researchers, and entrepreneurs to co-develop solutions from concept through prototyping and clinical validation.

GITAM already maintains biomedical engineering and medical technology capabilities at its Visakhapatnam campus, providing a foundation for translational MedTech development.

The partnership also aligns with broader national efforts to strengthen India’s MedTech manufacturing and innovation ecosystem under initiatives such as Make in India and Atmanirbhar Bharat.

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