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ABCs of Medical Devices and In-vitro Diagnostics Commercialization Journey

Research and Innovation Circle of Hyderabad (RICH) launched the month-long awareness and hands-on session for students, aspiring entrepreneurs, researchers, start-ups, MSMEs, and SMEs/industry players on the commercialization of Category A, B, C, and D medical devices and in-vitro diagnostics (IVDs).

The month-long series focuses on creating awareness and providing in-depth support to the participants, so they understand the various stages of scaling up a proof-of-concept validated idea to a marketable product. The series is divided into four tracks: intellectual property, regulatory requirements, industry immersion, and clinical exposure. These are followed by a highlight event, a medical device and IVD start-up showcase.

“The journey of bringing a novel medical device to market is a long, complex, and daunting one. Risks and uncertainties are part of the commercialisation journey, and this magnifies for MedTech innovations. Clarity of process and collaboration with key stakeholders paves the way to success. This series wishes to cultivate and nurture an impactful MedTech innovation culture and ecosystem,” says Rashmi Pimpale, CEO of RICH.

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