Month: December 2017

Healthcare Summit – Disruptive Indian Healthcare Innovations for the World


Press Release: Healthcare Summit, held on 23rd December 2017 at Dayananda Sagar University, Hosur Road campus; discussed the future of the fast-evolving Healthcare sector and is of relevance to healthcare start-ups, academicians, policy makers, NGOs, social healthcare entrepreneurs and industry building innovative solutions in the healthcare space. 

The event was organised by World Economic Forum’s Global Shapers Bangalore Chapter in collaboration with Dayananda Sagar University & Autodesk.

Summit Agenda
To showcase applications of new age technologies in the field of Healthcare. How digital and hardware technological adoption in the field of healthcare, is making patient treatment better, therapies more effective and extending human longevity.


Summit Takeaways for audience

Event registration was via an online registration link and we had attendees from leading hospital management teams, healthcare professionals, startups, academic researchers, students and industry leaders. Audience learnt about the efforts being taken to create Make in India products for the global market and about Healthcare innovations globally and in India that will positively impact our lives in the next decade.


Welcome Speech

Role of academia in creating innovative thinking and programs run towards bridging the academia – industry divide

by Mr. R Janardhan – Pro Vice Chancellor, Dayananda Sagar University

  • DST Funded Startup Incubation centre
  • GE Healthcare, Nvidia, Autodesk and Bosch few of the many companies that have already set up labs within the Innovation centre on campus (DS University, Kudlu Gate, Hosur Road)
  • Set up of a privately funded Innovation Centre at Dayananda Sagar Innovation Campus to instil the spirit of entrepreneurship amongst students

Keynote
Precision Medicine and growth of personalized medicine in the 4th Industrial Revolution Era – creating policy and ecosystem to keep pace with innovation
by Dr. Vijay Chandru, CEO Strand Life Sciences and World Economic Forum Technology Pioneer Awardee

  • 1/3rd of India’s Biotech companies in Bangalore – Study by ABLE
  • Ecosystem is ripe for disruption in the field of personalised medicine
  • Discussion about the growth story of Strand Life Sciences, an independently held private company
  • Strand Life Sciences working towards creating affordable genomics solutions
  • Bioinformatics is today helping early screening for cancer and providing testing methods to determine probability for occurrence of a hereditary disease
  • World is moving towards personalised treatments and neo-natal gene modification is leading to a future where we will have “designer babies”
  • Strand has 30% market share in its segment and currently has both local and international clientele


Panel Discussion
Healthcare solutions for the masses. Indian Healthcare innovations for the World.

Dr. Vijay Chandru (CEO – Strand Life Sciences, World Economic Forum Technology Pioneer Awardee); 
Dr. Jagadish Mittur (Head – Biotechnology Facilitation Cell – KBITS, Department of IT BT and S&T, Government of Karnataka); 
Mr. K Chandrasekhar (CEO, Forus Health); 
Dr. Dheepa Srinivasan (Additive Manufacturing, General Electric); 
Mr. Anurag Ramdasan (Global Shapers Bangalore and VC at 3one4 Capital)


Key Highlights

Gene editing (CRISPR technology) has lots of potential in this fourth industrial revolution era and policy is being framed with Indian Council for Medical Research (ICMR) and Department of Biotechnology (DBT), to enable Indian innovators to stay ahead of the curve and innovate in the space of genomics – Dr. Vijay Chandru

Government of Karnataka was the first state to come up with a biotechnology policy (circa. 1999) and last month released the third updated version of the policy. Gov. of Kar is focussed towards creating clusters for innovation in healthcare (Bangalore Bio innovation Centre, IBAB); deploy funds for early/ growth stage start-ups via their Idea2PoC and Elevate funding programs; create quality human resource personnel (Bioinformatics graduate students from IBAB centre are in global demand for their skills). Government is also focusing on creating new clusters of innovation across the state – Hubli / Dharwad Agri-Tech cluster, Mangalore Marine Biotech cluster being some of the many to be set up. – Dr. Jagadish Mittur

3D Printing in Healthcare is a 3 Billion Dollar opportunity. GE is focused on utilising the power of additive manufacturing (3D Printing) to create affordable healthcare devices. Work with certifying aerospace grade parts similar to what needs to be done by medical sector to certify medical grade implants. Various advantages of using additive manufactured in designing medical grade implants, equipment and lab testing tools (3D Bioprinting). Solutions to cater to needs of India’s large diabetic population can come from 3D Printing. – Dr. Dheepa Srinivasan

Inspired by the Aravind Eye Hospital chain, Forus Healthcare set forth on their journey in 2010 to develop an affordable eye screening device with the goal to eradicate avoidable blindness. Their key product is 3nethra. Forus has sold products in 26+ countries and truly represents the Make in India for the World dream of our country’s Prime Minister. Ecosystem was supportive to provide inputs and collaboration, when they started off. Challenged faces along the way to building a global product company include lack of support from government run regulatory bodies, slow time from prototype to product. 
– Mr. K Chandrasekhar

Private VC firms already working with government to help their portfolio start-ups tackle various on ground challenges and to deploy technology to improve government efficiency in fields ranging from agriculture to IT. Most VC funds have a shorter life cycle than a deep tech focused life sciences company that is looking at 10-year plus gestation period. This requires exploring other routes for VCs to be able to work better with startups in this space with special structures, incentives and better liquidity through proposed SME exchanges. VC community will continue to better engage with the healthcare ecosystem with the goal of supporting novel Make in India Healthcare companies. – Mr. Anurag Ramdasan


We also had the following Healthcare companies and start-ups showcase their work through 10-minute presentations followed by audience Q&A

1. DocsApp: Doctor consultation and chat via Mobile Application
https://www.docsapp.in/

2. Niramai: Pre-screening AI tools for Breast cancer 
http://niramai.com/

3. Next Big Innovation Labs 3D Bioprinting: 3D Skin Tissues for cosmetic R&D testing & Maxillofacial Models for use as pre-surgical guides
http://nextbiglab.com/

4. Gangagen: Developing Drug Resistant Bacteria
http://www.gangagen.com/

5. Biodesign Innovation Labs: New age ventilator for emergency rooms accessible to the bottom of the pyramid 
http://biodesigninnovationlabs.com/

An event by Global Shapers Bangalore (World Economic Forum Chapter), Dayananda Sagar University and Autodesk

Event Photoshttps://goo.gl/HNJS2m


For Further Details regarding the event, please contact –
Mr. Alok Medikepura Anil -alokanil@gmail.com, +91 8971909120
Member of 3D Printing Expert Network
World Economic Forum & Global Shapers, Bangalore

Team HCITExperts

Your partner in Digital Health Transformation using innovative and insightful ideas

Artificial Intelligence #AI Could Add $957 Billion to Indian Economy, According to New Research by @AccentureIndia


In a recently published report by Accenture, they have highlighted the need for india to invest in AI, we bring you the excerpts of the report. (The following content is sourced from the Accenture report).

Artificial intelligence (AI) has reached a tipping point. The combination of the technology, data and talent that make intelligent systems possible has reached critical mass, driving extraordinary growth in AI investment. Across the world, G20 countries have been building up their AI capabilities. The power of AI starts with people and intelligent technologies working together within and across company boundaries to create better outcomes for customers and society. But India is not fully prepared to seize the enormous opportunities that AI presents. Even with a tech-savvy talent pool, renowned universities, healthy levels of entrepreneurship and strong corporations, the country lags on key indicators of AI development. Much work remains. 


The report, ‘Rewire for Growth,’ estimates that AI has the potential to increase India’s annual growth rate of gross value added (GVA) by 1.3 percentage points, lifting the country’s income by 15 percent in 2035. To avoid missing out on this opportunity, policy makers and business leaders must prepare for, and work toward, the AI revolution. 


The era of AI has arrived. Established companies are moving far beyond experimentation. Money is flowing into AI technologies and applications at large companies. The number of patents filed on AI technologies in G20 countries has increased at a more than 26 percent compound annual growth rate since 2010. Funding for AI startups has been growing at a compound annual growth rate of almost 60 percent.

AI is a new factor of production that can augment labor productivity and innovation while driving growth in at least three important ways:

Mobilize Intelligent Automation
Automate complex, physicalworld tasks that require adaptability and agility.

Empower Existing Workforces
Complement and enhance the skills and abilities of workforces.

Drive Innovations
Let AI be a catalyst for broad structural transformation of the economy. Do things differently, do different things.


The report points out AI is expected to raise India’s annual growth rate by 1.3 percentage points—in a scenario of intelligent machines and humans working together to solve the country’s most difficult problems in 2035

AI TENDING TO INDIA’S HEALTH
India’s healthcare providers have embraced artificial intelligence, recognizing its significant value in better diagnostics with data intelligence and in improving patient experience with AI-powered solutions.

Take Manipal Hospitals, headquartered in Bengaluru, which is using IBM Watson for Oncology, a cognitive-computing platform, to help physicians identify personalized cancer care options across the country.

In cardiac care, Columbia Asia Hospitals in Bengaluru is using startup Cardiotrack’s AI algorithms to predict and diagnose cardiac diseases, disorders, and ailments.

And in eye care, Aravind Eye Hospital is working with Google to use AI in ophthalmology for diabetic retinopathy screening. Also, the government of Telangana is planning to use Microsoft Intelligent Network for Eyecare (MINE), an AI platform, to reduce avoidable blindness, which would make it the first state in India to deploy AI for eye care screening as part of the Rashtriya Bal Swasthya Karyakram program under the National Health Mission.

Accenture, for its part, has developed an AI-powered smartphone solution to help the visually impaired improve the way they experience the world around them and enhance their productivity in the workplace. The solution, called
Drishti, was initially developed and tested through a collaboration with the National Association for the Blind in India.


AI has the potential to have a broad-based disruptive impact on society, creating a variety of economic benefits. While some of these benefits can be measured, others, such as consumer convenience and time savings, are far more intangible in nature. Our analysis focuses on measuring the GVA impact of AI.

Read the press release here >> 
https://newsroom.accenture.com/news/artificial-intelligence-could-add-957-billion-to-indian-economy-according-to-new-research-by-accenture.htm

Read the complete report here >> 
https://www.accenture.com/in-en/insight-ai-economic-growth-india

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