The collaboration between the two will mobilise about USD 10 million to run the entire ecosystem.
The 'Impact Lab' will source solutions in chosen areas to improve healthcare of poor and resource challenged communities.
"Together Tata Trusts and PATH are building a healthcare Impact Lab which will become a place in the country where innovators can come with their ideas and innovation, test them and build better products and solutions out of those," Tata Trusts Head Innovation, Entrepreneurship and Institutions Manoj Kumar told PTI.
"This lab is focussed on incubating innovations and taking them to community. Research ideas will be converted into actual healthcare solutions, he added.
To start with, the lab will focus on communicable diseases such as tuberculosis, malaria, among others as also the major healthcare issues in India.
PATH India Country Director Neeraj Jain said: "We are hoping that over the next couple of years, we will be able to mobilise USD 8-10 million to be able to run this whole ecosystem.
"The idea is to really focus on healthcare solutions for India from innovations that are happening within India," he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
