CfHE, IIT Hyderabad gains US$ 9.6 million funding for healthcare innovation

Hyderabad: The Centre for Healthcare Entrepreneurship (CfHE) at IIT Hyderabad will be undertaking a massive expansion in innovation in healthcare technologies, powered by the infusion of US$ 9.6 million (Rs 80 crores approx) by Sushant Kumar, founder of Tanushree Foundation and ESKEYN Ventures.

This funding will also support CfHE’s efforts to achieve the indigenisation of technology in this critical field. The centre, a nationally recognised healthcare technology business incubator, aims to accelerate the development and adoption of breakthrough healthcare solutions to address unmet needs and improve patient outcomes.

Sushant Kumar said, “I am excited to hear the innovations and success stories that have come out of CfHE. I am proud to be part of this vibrant ecosystem fostering innovation and entrepreneurship in the healthcare sector. The substantial investment will empower CfHE to expand its initiatives aimed at nurturing aspiring healthcare entrepreneurs, providing them with the resources, mentorship, and networking opportunities necessary to translate innovative ideas into impactful solutions.”

Sharing his vision for the institute, Prof BS Murty, director, IIT Hyderabad, said, “We envision IIT Hyderabad to be the cradle of innovations that touch the lives of millions and create a significant impact in the society. Medical Devices and Diagnostics is one of the key areas of healthcare where a considerable gap exists in the supply of devices, trained workforce, and indigenous development.”