Cyient partnering with Xynteo to address 'last-mile challenge'

Cyient, leader in engineering, manufacturing, geospatial, digital, network, and operations management solutions to global industry leaders, in partnership with Xynteo, an international advisory firm, announced the launch of the MedTechConnect platform, aimed at bringing medtech stakeholders together to address India’s ‘last-mile challenge’ in healthcare and, ultimately, touch millions of lives by 2022 and beyond.

India is home to a thriving technology ecosystem, yet more than 80% of its medical technologies and devices are imported. A large segment of the country’s population still does not have access to basic healthcare services. The mission of the MedTechConnect platform is to bridge this gap by delivering disruptive medical technologies that create a step-change in healthcare delivery to every corner of the country, while catalyzing innovative business models to minimize the cost and maximize the reach of these technologies.

MedTechConnect will enable a collaborative ecosystem comprised of stakeholders across the healthcare value chain (start-ups, innovation hubs, academia, industry and government bodies, funding and investment partners, and scaling channels across private and public channels) and will foster the development of technologically advanced healthcare solutions that are accessible, affordable and beneficial to people across the country. Members of the platform will work on three levels includes:

* INNOVATION: Develop partnerships with institutions that ideate, incubate and fund technologies to source breakthrough medtech solutions.

* DEVELOPMENT: Take solutions from labs to market with support on product industrialization, clinical validation, regulatory compliance and design for manufacturing.

* COMMERCIALIZATION: Build a ready network of trusted private and public channels to scale with sustainable models.

Brian Wyatt, Senior Vice President,Cyient said, “We have been working with Xynteo and our advisors and ecosystem partners to make MedTechConnect a reality since Cyient joined India2022 Coalition last year. The platform was shaped by combining Cyient’s expertise in medical technology and healthcare with creative ideas from the Xynteo team, valuable suggestions from our advisory board and actual challenges faced by the participants across the patient care continuum. We believe collaboration among healthcare stakeholders and a cross-pollination of ideas will play a pivotal role in addressing current industry challenges, promoting innovation and improving overall population health.”

Subhashini Chandran,Managing Director of Xynteo India said, "MedTechConnect combines technology with the power of collaboration to improve healthcare delivery in India, particularly at the last -mile. This platform is a great example of India2022 coalition’s operating model - bringing together a wide range of key constituents to work together in new ways for systems transformation.”