Hyderabad: Among the highlights of BioAsia 2020 was the allotment of land for five companies to set up a medical devices park and Genome Valley near Hyderabad by minister for industries, commerce and information technology K.T. Rama Rao. Mr Rao also announced the establishment of the Intel AI Applied Research Centre and officially inaugurated the centre from the dais on Wednesday, the last day of the conference.
The MedTech park in Hyderabad will be located in Sangareddy district. The five companies are Jagore Life Sciences, Majik Medical Solutions, Arni Medica, Trident Technologies and Pulse Pharmaceuticals.
Mr Rama Rao said, “We have had an overwhelming response from the delegates for global bio-business forum in Hyderabad. Delegates have come from 37 countries and actively participated in the global convention.” The platform of MedTechConnect has helped to launch a new initiative called Project Tej which has helped start-ups and innovators to come together. The Telangana State Research and Innovation Circle of Hyderabad and MedTechConnect are to work on indigenous innovations in medical technologies.
There were 2,000 partnering meetings conducted on the sidelines of the event which were the highest in BioAsia.