PSG Centre for Biomedical Innovation (PSG CBMI) was inaugurated at PSG Institute of Medical Sciences and Research (PSG IMSR) recently.
PSG CBMI brings together expertise and rigor in research, bioethics, regulatory sciences and medical domain knowledge and experience to help budding bio-entrepreneurs with a scientifically valid, regulatory complying, ethically sound and swifter pathway with a product.
They planned to work with PSG-Science & Technology Entrepreneurial Park (PSG-STEP) established by PSG College of Technology and DST, Govt. of India focusing on promoting technology based enterprises in the areas of software, electronic products, hi-tech mechanical products and eco-friendly textile products and bio-technology. PSG — STEP extends incubation support and financial supportto innovations and startups involved in developing technology products.
The CBMI enables co-creation between industry, academia and healthcare industry with the right kind of clinicians, researchers and patients. The CBMI at PSG IMS&R shall lead and drive innovation activities — strategically and in day-to-day work, in all settings, at all levels. The Centre shall lay the methodical way of handling risks and uncertainties to achieve rapid and continuous translational innovation — from identification of needs and opportunities to clinical and commercial full-scale implementation.
Coexistence of Technology Institution, Medical Institution and an incubation Centre is unique in the country. Creating a collaborative platform between these three institutions will create impact and drive med tech innovation and will position PSG and Coimbatore as a happening place for health care solutions.