Dr. Moopen’s Medical College gets BIRAC funding

Kochi: Dr. Moopen’s Medical College (previously known as DM Wayanad Institute of Medical Sciences) has received approval from Biotechnology Industry Research Assistance Council (BIRAC) to set-up incubation facility under Bioincubators Nurturing Entrepreneurship for Scaling Technologies (BioNest) Scheme.

BioNEST is a dedicated scheme supported by the BIRAC to create globally competent bioincubation facilities to undertake strategic research and innovation.

Dr. Moopen’s Medical College was invited to set-up a booth at the biotech community congregation “Biotech Start-up Expo” held at Pragati Maida, New Delhi on June 9 and 10, 2022.

Dr. Moopen’s Medical College & BioNEST will focus on healthcare technologies involving Biotech, Biomed, Internet of Things (IoT) & Artificial Intelligence (AI), Digital Health, Healthcare Economics/Management, Blockchain & Bioinformatics.

At present indigenous healthcare technology is lacking in the country and many products are being imported. As per recent estimate, India imports nearly 80% of its medical devices and remains highly dependent on imports for many high-end medical equipment. Many imported technologies are not customized for Indian population and therefore not suitable to be used directly.

Dr Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare said, “We are in the midst of an era of great innovation, with an ever-expanding healthcare modality, spawning development of exciting new technologies and therapies. Today’s ecosystem for innovation is vibrant with symbiotic relationships between Industry and academia, backed by government support. There is opportunity for many of the start-ups to utilize the platform and foster bio-entrepreneurship. The DMMC BioNest Incubator will inculcate research and innovation for translating innovations into commercial products and technologies and reduce lab to market time, helping the start-ups to be on their own feet.”