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Swissnex India to propel investments from Switzerland-based med-tech & healthcare cos to boost start-up growth
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Nandita Vijay, Bengaluru
September 26 , 2016
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Swissnex India is now working to connect Switzerland-based med-tech and
healthcare companies to propel transfer of technology and collaborations
with start-ups in the country. The move according to Swissnex India
would spur the much-needed innovation driven growth.
Coming
under the umbrella of Consulate General of Switzerland, Swissnex India
is now enabling easy access to markets, provide the supportive
administrative and regulatory framework for companies in the country.
“Now
companies in Switzerland are known for micro-nanotechnologies and
precision engineering. We are now extending the required assistance for
companies here to help market entry, product validation and access to
innovation,” Dr. Swetha Suresh, manager, Entrepreneurship &
Innovation, Swissnex India told Pharmabiz.
At the recently
concluded Swissnex India medtech and healthcare start-up tour covering
Bengaluru and Delhi, over 50 key stakeholders visited ad interacted with
leading hospitals, research institutions, life-sciences companies,
start-ups and enablers. The key objective was to create a network for
potential collaborations.
“Pitches have taken place and we are
hopeful that much of these would be converted into viable business
contracts. Swiss industry encompasses the entire spectrum from research
to manufacturing technologies. In order to take advantage of the latest
advances in precision engineering, Indian companies can partner with
either their industry or academic institutions,” she added.
Amongst
the start-ups for the business pitch were Synple Chem, Ad Mirabilis, De
Meliora, Sleepiz, YHLTH and Health that networked with Indian companies
like Turtle Shell Technologies engaged in non-wearable and cost
effective heart, breathe and sleep monitors for personal and clinical
use and Sensivision Health Technologies for hypoxic ischemic
encephalopathy in neonates among others.
Moreover on the global
index, Switzerland is ranked at number 1 for the last 5 years and this
proves the country’s strengths in innovation. Now through Swissnex
India, companies here can access technologies of Swiss majors to develop
high quality and affordable products. This would be a win-win situation
for Indian start-ups too. Therefore, we see a positive take-off post
the interactions between India and Swiss companies, said Dr. Suresh.
India
has its inherent strengths in qualified personnel not just in life
sciences but also information technology. The combination of Swiss
capability with India’s competence would be the ideal fit for the
future. It would pave the way for excellence. Our country has a big
advantage to be recognised as a dependabale outsourcing partner.
Therefore engaging in co-development and marketing would help companies
from Switzerland to identify areas of strengths to facilitate future
growth avenues for Indian start-ups and small-medium enterprises, she
noted.
With the Union government focus on programmes such as Make
in India, Skilling India and Start-up India, we are looking to maximise
the opportunities to encourage India and Swiss companies partner and
devise effective strategies to foster knowledge driven growth. It would
also open up new employment opportunities, create a sustainable
eco-system for start-ups and SMEs to generate revenues amongst others,
stated the Swissnex India Entrepreneurship & Innovation manager.
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