On March 31st, 2023, the Mazumdar Shaw Medical Foundation - Technology Business Incubator (MSMF-TBI) and St. Joseph's Institute of Management (SJIM), Bangalore, signed a Memorandum of Understanding (MOU) to collaborate on promoting innovation and entrepreneurship in the healthcare sector.
The MOU was signed by Prof. Dr. Paul Salins, Managing Director of MSMF-TBI, and Rev. Dr. Manoj D'Souza, Director of SJIM. The agreement aims to establish a mutually beneficial partnership between the two organizations to promote healthcare innovation and entrepreneurship in India.
Under the MOU, MSMF-TBI and SJIM will collaborate on several initiatives, including organizing joint events, workshops, and seminars to promote healthcare entrepreneurship and innovation. The partnership also aims to provide mentorship, networking opportunities, and access to funding and resources for healthcare startups and entrepreneurs.
Furthermore, the agreement also highlights the establishment of a joint incubation program that will provide support to early-stage healthcare startups. The program will offer resources such as office space, mentorship, and access to funding to help startups develop their products and services.
Overall, this MOU represents a significant step towards promoting healthcare innovation and entrepreneurship in India. The partnership between MSMF-TBI and SJIM will undoubtedly lead to the creation of new healthcare startups that will contribute to improving the quality of healthcare in India. Mr Kiran Vuppala, Head Of Operations MSMF-TBI and Fr Olvin Veigas, Faculty at SJIM were present at the occasion.