GE Healthcare inks pact with IIT Madras

GE Healthcare, the USD 18 billion healthcare business of General Electric, and IIT Madras today signed a three-year research and development agreement to offer a range of affordable healthcare solutions.
"The collaboration between HTIC (Healthcare Technology Innovation Centre) and GE Healthcare will bring together startup dynamism and corporate scalability to healthcare iinnovations while putting unserved customer at the centre of healthcare innovation," GE Healthcare, President and CEO, Terri Bresenham said in a statement.
Healthcare Technology Innovation Centre is a multi-disciplinary research and development centre of IIT Madras.
"GE will provide a grant of Rs 75 lakh to HTIC towards research and development that can benefit all emerging markets," the statement said.

"We look forward to developing a pool of affordable and accessible technologies and solutions that create large impact in healthcare in India," IIT Madras, HTIC, Head, Mohanasankar Sivaprakasam said.
This initiative would address the unmet needs in the areas of mother and child health care, cardiology and cancer, he said.