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India Gazette
a day ago
- Health
- India Gazette
Government backs Indian Startup pioneering domestic stroke treatment technology
Mysuru (Karnataka) [India], June 2 (ANI): A breakthrough in India's medical technology landscape has emerged with government backing for S3V Vascular Technologies, a Mysuru-headquartered company developing indigenous stroke intervention devices. The Technology Development Board has greenlit financial assistance for what could become India's first locally-manufactured mechanical thrombectomy system. Addressing a Critical Healthcare Gap Stroke treatment in India faces significant challenges due to expensive imported medical devices. Current thrombectomy procedures--which involve removing blood clots from brain arteries--rely almost entirely on foreign-made equipment, creating cost barriers that prevent many patients from accessing life-saving care. The minimally invasive thrombectomy technique has revolutionised acute stroke treatment, offering superior results compared to traditional clot-dissolving medications when performed promptly. Despite its effectiveness, the procedure remains financially out of reach for numerous Indian patients due to import-dependent pricing. Manufacturing Initiative Takes Shape S3V Vascular Technologies plans to establish comprehensive production capabilities at Tamil Nadu's Medical Devices Park in Oragadam, situated near Sriperumbudur. This facility will create a complete range of specialised neurological intervention instruments, encompassing microcatheters, aspiration systems, precision guidewires, and clot-retrieval stents. Dr. N.G. Vijaya Gopal, the company's founder and managing director, emphasises their commitment to reducing import dependency across the entire supply chain, not merely final assembly. The organisation has already begun pursuing international certifications, including CE marking and FDA approval, targeting export markets spanning Asia, Latin America, Europe, and North America. Strategic Investment Partners The venture has secured support from notable Indian business leaders and investment firms. Larsen & Toubro's Chairman Emeritus A.M. Naik, MK Ventures' Madhusudan Kela, and Rare Enterprises CEO Utpal Sheth have all committed capital to the project. This high-profile investor participation signals growing confidence in India's deep technology and import-substitution healthcare opportunities. Market Potential and Access Challenges India's neurological intervention sector represents approximately $2 billion in market value, yet treatment availability remains concentrated in major urban centres. Rural areas and smaller cities face particular difficulties accessing advanced stroke care due to infrastructure limitations and specialist shortages. S3V aims to bridge this accessibility gap through hospital partnerships focused on simulation-based education programs for emerging neuro-interventionists and radiologists, potentially expanding treatment capacity nationwide. Government Alignment and Innovation Technology Development Board Secretary Rajesh Kumar Pathak highlighted the project's strategic importance, noting its alignment with India's goals to establish the country as a global centre for affordable, sophisticated medical technologies. He emphasised that domestic healthcare innovation represents a crucial component of national health security. The company has developed proprietary intellectual property, including novel clot retriever designs and specialised braid-over-coil aspiration catheter structures. These patented innovations focus on enhancing device safety and effectiveness in challenging clinical situations. Integration with National Health Programs S3V is exploring collaboration opportunities with government healthcare initiatives, particularly integration with Ayushman Bharat and similar national schemes. Successful implementation could dramatically reduce thrombectomy procedure costs while improving patient outcomes across thousands of cases annually. (ANI)
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Business Standard
4 days ago
- Health
- Business Standard
Centre to aid development of indigenous thrombectomy device for stroke
Technology Development Board to fund S3V Vascular Technologies for manufacturing India's first thrombectomy device, aiming to reduce import dependency and boost stroke care Sanket Koul New Delhi In a push for India's medtech innovation landscape, the Technology Development Board (TDB), under the Centre's Department of Science and Technology (DST), on Friday announced financial support for the development of India's first indigenous thrombectomy device for stroke care. A thrombectomy device is a specialised medical tool used to remove blood clots—also called thrombi—from blood vessels, particularly in the brain, to treat ischaemic strokes. Under the support programme, the TDB will sanction financial assistance to Mysuru-based S3V Vascular Technologies for the establishment of a state-of-the-art upstream integrated manufacturing facility at the Medical Devices Park, Oragadam, in Chennai's Sriperumbudur. Commenting on the development, TDB Secretary Rajesh Kumar Pathak said the project reflects the continued commitment to making India a global hub for affordable, high-end medical technology, especially in areas of critical public health need like stroke care. According to a study recently published in The Lancet Neurology journal, India registered over 1.25 million new stroke cases in 2021, a 51 per cent increase compared to 650,000 cases in 1990. Dr N G Vijaya Gopal, Managing Director of S3V Vascular Technologies, said the company's integrated manufacturing facility will not only reduce dependency on imports of the finished medical devices used in mechanical thrombectomy but also reduce India's reliance on the import of raw materials required for the manufacturing of these complex, life-saving devices. The company stated that it aims to integrate these devices into government reimbursement programmes such as Ayushman Bharat, thereby unlocking a domestic market estimated at $2 billion. 'As part of its outreach, S3V also plans to collaborate with leading hospitals to offer simulator-based training for young interventionalists—especially in Tier-II cities, where the stroke burden is high,' it said. Gopal added that S3V has initiated the CE and USFDA approval process for these devices to expand access to cutting-edge stroke care solutions across India, Asia, Latin America, Europe, and the United States. The company also intends to file patents for critical innovations such as the clot retriever head design, braid-over-coil aspiration catheter structures, and several advanced process technologies.
Hans India
4 days ago
- Health
- Hans India
Govt to aid development of India's 1st indigenous thrombectomy device for stroke care
New Delhi: In a significant boost to India's medtech innovation landscape, the Technology Development Board (TDB), under the Union Department of Science and Technology (DST), on Friday announced financial support to the development of India's first indigenous thrombectomy device for stroke care. The board sanctioned assistance to Mysuru-based S3V Vascular Technologies' pioneering neuro-intervention integrated manufacturing plant for the treatment of stroke, which sees nearly 1.5 million cases every year in the country. The project envisions the establishment of a state-of-the-art upstream integrated manufacturing facility at the Medical Devices Park, Oragadam in Chennai's Sriperumbudur. The plant will develop and manufacture advanced mechanical thrombectomy kits -- a life-saving intervention for patients suffering from acute ischemic stroke due to large vessel occlusion. Compared to conventional thrombolysis, thrombectomy offers significantly improved outcomes, reducing the risk of long-term paralysis and disability. "The TDB is proud to support S3V's vision of building India's first comprehensive neuro-intervention manufacturing ecosystem. This project reflects our continued commitment to making India a global hub for affordable, high-end medical technology -- especially in areas of critical public health needs like stroke care," TDB Secretary Rajesh Kumar Pathak said. "The company's focus on integrating these devices into Ayushman Bharat further aligns with the national goal of inclusive healthcare access," he added. The initiative will help replace expensive imported devices with high-quality, locally manufactured alternatives, enhancing both the affordability and accessibility of stroke care in India. "Our integrated manufacturing facility will not only reduce dependency on imports of the finished medical devices used in Mechanical Thrombectomy but also reduces India's dependency on import of the raw materials used in manufacturing of these critical complex lifesaving medical devices," S3V Vascular Technologies Managing Director, Dr N.G. Vijaya Gopal, said, while lauding the government for its support. Gopal said the company has already initiated the CE and the US FDA approval process for the devices to expand access to cutting-edge stroke care solutions across India, Asia, Latin America, Europe, and the US.
Hans India
11-05-2025
- Politics
- Hans India
India has proved its supremacy in tech-driven warfare in last 4 days: Jitendra Singh
Modern warfare is entirely technology-driven and India's supremacy stands proven over the last four days, Union Minister of State for Science and Technology Dr Jitendra Singh said on Sunday. Addressing the National Technology Day celebration at the Ambedkar International Centre here, the minister said that under the visionary leadership of Prime Minister Narendra Modi, India has successfully developed and deployed home-grown technologies that have significantly enhanced national security and defence capabilities. He pointed out that India has scaled up its defence capacity substantially over the last decade and credited Prime Minister Modi for providing an enabling ecosystem for scientific growth. 'India was never short of talent, but now we have leadership that fosters innovation,' he said. "Most of the technologies used today in defence are indigenously developed, and it is Prime Minister Modi who instilled the confidence in us to seek Aatmanirbhar Bharat,' Singh said. Recalling the origins of National Technology Day, Dr Singh noted that the day was first celebrated in 1998 to commemorate the successful Pokhran nuclear tests, conceptualised by then Prime Minister Atal Bihari Vajpayee. 'The idea that inspired us in 1998 has matured under Prime Minister Modi's leadership, transforming India into a global technology leader,' he added. Dr Singh highlighted that indigenisation has been a top priority since 2014, with Prime Minister Modi's consistent push for self-reliance. 'India is no longer dependent on external powers. Our success in modern warfare is a reflection of the progress towards Viksit Bharat @2047,' he remarked. Expressing his satisfaction with scientific advancements, Dr Singh lauded the Technology Development Board (TDB) under the Department of Science and Technology (DST) for supporting pioneering initiatives, including the 1000-drone show during the Beating Retreat ceremony. He noted that drones, once symbolic, are now central to India's evolving defence ecosystem. The Union Minister appreciated TDB's annual tradition of setting a new theme and highlighted this year's theme, 'YANTRA', which signifies transformation through advanced research and technological acceleration. Highlighting India's remarkable progress in science, technology, and innovation, Dr Singh noted several key achievements that reflect the country's growing global stature. He pointed out India's impressive leap in the Global Innovation Index, moving from the 81st to the 39th position, and the fact that nearly 56 per cent of patents are now filed by resident Indians -- demonstrating a surge in domestic innovation. India has also emerged as the third-largest startup ecosystem in the world, fostering entrepreneurship and technological advancement. In the defence sector, exports have seen a substantial rise from Rs 2,000 crore to Rs 16,000 crore, showcasing the strength of indigenous capabilities. He further highlighted that budgetary allocations for Gross Expenditure on Research and Development (GERD) have more than doubled, from Rs 60,000 crore to Rs 1,27,000 crore, along with over a 100 per cent increase in DST and DBT budgets. Notably, the space sector budget has nearly tripled, driven by the opening up of the sector to private participation -- positioning India as a future-ready technological power. Dr Singh also mentioned key initiatives like 'One Nation, One Subscription' and a single portal for fellowships under Science and Technology departments, which have improved the ease of doing research in India During the event, the Union Minister released a compendium of 'Super 30 Startups' funded by TDB over the past five years and launched two new calls for proposals under the National Quantum Mission. He also handed over project grants to industry-academia consortia working on pilot projects for Carbon Capture, Utilisation, and Storage (CCUS). Concluding his address, Dr Singh said, 'The 27th National Technology Day marks international recognition of India's leadership in science and technology, setting the tone for India @2047.' The event was also attended by Padma Bhushan Ajai Chowdhary, who emphasised the 'Whole of Nation' approach to reducing dependence on foreign technology, and endorsed initiatives like Anusandhan NRF for achieving true Aatmanirbharta. Dr Abhay Karandikar, Secretary DST; Dr Rajesh Gokhale, Secretary DBT; Dr Rajesh Pathak, Secretary TDB; senior officials, scientists, and dignitaries from the science and technology community were also present on the occasion.
Business Mayor
10-05-2025
- Science
- Business Mayor
YANTRA declared theme for India's National Technology Day 2025
New Delhi: The Technology Development Board (TDB), under the Department of Science and Technology (DST), on Saturday announced the official theme for National Technology Day 2025. This year's theme is 'YANTRA – Yugantar for Advancing New Technology, Research and Acceleration'. The word 'YANTRA' has deep roots in India's scientific traditions and cultural history. It stands for more than just machines; it symbolises the power of systems, teamwork, and scalable solutions. The term 'Yugantar', which means a major shift or turning point in time, reflects India's progress from simply adopting technology to becoming a global technology leader. National Technology Day is celebrated every year on May 11 to mark India's major technological achievements. On this day in 1998, India successfully carried out nuclear tests under Operation Shakti. It was also the day when the indigenously developed aircraft Hansa-3 made its first flight. In honour of these milestones, then Prime Minister Atal Bihari Vajpayee declared May 11 as National Technology Day. Over the years, this day has become a symbol of India's growing strength in science and technology. It is a time to recognise outstanding scientific work, highlight innovation in industry, and build stronger connections between science, society, and business. The 2025 celebration will be hosted by TDB-DST. The event will bring together policymakers, scientists, industry experts, academic institutions, and startup leaders. They will discuss how to speed up India's growth in areas like deep-tech, precision engineering, and advanced research and development. Gaurav Shukla, Partner at Deloitte India, shared his thoughts on the occasion. He said that infrastructure and digital transformation are key to building a developed India or 'Viksit Bharat'. He highlighted the role of young people, calling them India's largest group of digital citizens and future tech leaders. 'Cyber resilience should become second nature for the youth to protect against rising digital threats,' Shukla stated. 'India has the potential to become a global leader in artificial intelligence-powered cyber defence. A secure digital India — #CyberSurakshitBharat — that is strong by design and united in purpose, is the future the country must aim for,' he mentioned. (IANS)
