ESKEYN Ventures Founder pledges $9.6 million to Center for Healthcare Entrepreneurship at IIT Hyderabad

New Delhi: The Center for Healthcare Entrepreneurship (CfHE) at IIT Hyderabad will be undertaking a massive expansion in innovation in healthcare technologies, powered by the infusion of US$ 9.6 Million (approximately Rs 80 Crore) by Sushant Kumar, Founder of Tanushree Foundation and ESKEYN Ventures.

This funding support will also provide an impetus towards CfHE’s efforts to achieve indigenization of technology in this critical field. The Center, which is a nationally recognized Healthcare Technology Business Incubator, aims to accelerate the development and adoption of breakthrough healthcare solutions to address unmet needs and improve patient outcomes.

Lauding the work underway at CfHE, Sushant Kumar, Founder of Tanushree Foundation and ESKEYN Ventures, stated, “I am excited to hear the innovations and success stories that have come out of CfHE. I am proud to be part of this vibrant ecosystem fostering innovation and entrepreneurship in the healthcare sector. The substantial investment will empower CfHE to expand its initiatives aimed at nurturing aspiring healthcare entrepreneurs, providing them with the resources, mentorship, and networking opportunities necessary to translate innovative ideas into impactful solutions.”

Thanking Sushant Kumar for his generous support, Prof.  Renu John, Head, Center for Healthcare Entrepreneurship (CfHE), IIT Hyderabad, said, “This pledge not only represents a significant financial contribution but also exemplifies a shared commitment to driving positive change through innovation and entrepreneurship.”

Sharing his vision for the institute becoming a beacon of innovation with far-reaching societal impact, Prof B. S. Murty, Director, IIT Hyderabad, said, “We envision IIT Hyderabad to be the cradle of innovations that touch the lives of millions and create a significant impact in the society. Medical Devices and Diagnostics is one of the key areas of healthcare where a considerable gap exists in the supply of devices, trained workforce, and indigenous development.”

Recognizing the critical need for innovation in medical devices and diagnostics, Prof. B.S. Murty said, “CfHE undertakes proactive efforts to address this gap through focused programs. With a vision for Aatma Nirbhar Bharat and Make in India, CfHE, IITH has taken bold steps in addressing this gap through focused programs in Medical Devices, Development of Human Resources, and Promotion of start-ups for indigenous development of medical devices and innovations.”