Medical device innovations get a significant boost as MAHE and BPL Medical Technologies announce a strategic alliance.
Manipal Academy of Higher Education (MAHE) and BPL Medical Technologies Private Limited have sealed a significant MoU to forge a strategic alliance, foster medical device innovation, and bridge the industry-academia divide. The partnership, signe under MAHE's "Year of Excellence in Industry-Academia Collaboration" initiative, aims to combine academic research with industry expertise to develop cost-effective, clinically validated medical devices for both the Indian and global markets.
The collaboration involves joint research and development initiatives, technology transfer, and the potential establishment of Centres of Excellence to enhance research and development capabilities in the field of medical devices. The partnership shall provide students with real-world exposure while driving economic growth through contributions to India's projected $50 billion medical devices market by 2030, facilitating MedTech exports.
The MoU was formalized by Dr Giridhar P Kini, Registrar of MAHE, and Mr Guruswamy Krishnamurthy, CEO of BPL Medical Technologies in the presence of key figures from both institutions. A highlight of MAHE's "Year of Excellence in Industry-Academia Collaboration" initiative, the event underscored the university's commitment to fostering collaboration between academia and industry.
In addition, during the ceremony, Dr Arun Maiya, Dean of Manipal College of Health Professions, Manipal, presented MAHE's Medical Instruments, Devices & Allied Services (MIDAS) hub, supported by the Department of Science and Technology, Government of India. MIDAS, India's first medical device innovation hub within a private higher education ecosystem, unites 25 institutions and 30 industry partners to drive indigenous design, development, and commercialization of innovative healthcare devices, reducing reliance on imports. It offers specialized training and workshops, promoting a vibrant medical technology innovation ecosystem that offers accessible, high-quality healthcare solutions across India.
Manipal Academy of Higher Education (MAHE) is an institution of eminence deemed to be a university that offers specialized programs across Health Sciences, Management, Law, Humanities & Social Sciences, and Technology & Science streams. Recognized nationally and internationally, MAHE is the preferred choice for students seeking a transformative learning experience and an enriching campus life.
Established in 2013 with investments from BPL Group and Goldman Sachs, BPL Medical Technologies Pvt. Ltd. currently operates through offices across India. With a rapidly growing workforce of over 900 employees, the company has achieved tenfold growth in revenue over the last decade. BPL Medical Technologies governs two manufacturing plants in India: One in Palakkad, Kerala, established in 2013, and a second, a greenfield project in Jigani, Bangalore, which was inaugurated in 2024. The second plant spans 1.25 acres, employs approximately 300 staff members, and was officially opened by the Honourable Prime Minister of India, Shri Narendra Modi as part of the Production-Linked Incentive (PLI) Scheme to boost India's 'Make in India' program. BPL Medical Technologies operates in six key business verticals: Cardiology, Critical Care & Surgery, Imaging, Mother & Child Health, Home Care, and Consumables & Accessories.
- The strategic alliance between Manipal Academy of Higher Education (MAHE) and BPL Medical Technologies Private Limited aims to drive innovation in the medical device industry, bridging the gap between academia and industry.
- The partnership seeks to combine academic research with industry expertise, developing cost-effective, clinically validated medical devices for both domestic and international markets.
- Joint research and development initiatives, technology transfer, and the potential establishment of Centres of Excellence are part of the collaboration to enhance research and development capabilities in medical devices.
- The partnership is expected to fuel economic growth, contributing to India's projected $50 billion medical devices market by 2030, facilitating MedTech exports.
- The Medical Instruments, Devices & Allied Services (MIDAS) hub, an initiative by MAHE, serves as India's first medical device innovation hub within a private higher education ecosystem, promoting indigenous design, development, and commercialization of healthcare devices.
- BPL Medical Technologies, with investments from BPL Group and Goldman Sachs, has achieved significant growth, operating through offices across India, and governs two manufacturing plants focusing on six key business verticals: Cardiology, Critical Care & Surgery, Imaging, Mother & Child Health, Home Care, and Consumables & Accessories.
