GE to distribute Indian Startup’s Breast Cancer Device

Recognizing that women in 90% of the developing world don’t have access to early detection of breast cancer, Mumbai-based startup UE Lifesciences developed iBreastExam (iBE), a handheld, mobile connected, and completely wireless device which can detect tumor tissues as small as 1/8  of an inch (3-5 mm) while emitting no harmful radiation. The patented tactile  technology using a piezoelectric sensor array was invented by scientists and doctors at Drexel University in Philadelphia. The device is US FDA cleared and CE marked.

With $1.3 million in grant funding from the Pennsylvania Department of Health, University City Science Center, Drexel’s Coulter Program and Unitus Seed Fund, iBE was developed by a team of  twenty scientists, engineers, and clinicians.

UE LifeSciences  announced a distribution partnership with GE Healthcare to commercialize iBE in  twenty-five countries across South-Asia, South-East Asia and Africa. Commenting on the partnership, Terri Bresenham, president and CEO, GE Healthcare Sustainable Healthcare Solutions said, “We are delighted to welcome UE Lifesciences as partner in our efforts to improving healthcare outcomes for the world’s developing economies.”

UE Lifescience Partners with GE Healthcare

February 18, 2018   No Comments

Global Firms Seek India’s IT Talent for Digital Transformation

With technologies such as artificial intelligence and biometrics leading digital transformations in organizations across the world, India is seen as a prime location for global businesses to open technology hubs as an extension of their business rather than a third-party service provider.

Bangalore has the best environment for businesses to transform digitally, according to research of 45 global cities by the Economist Intelligence Unit (EIU). Mumbai and New Delhi were also ranked in the top four locations. EIU’s Connecting commerce: Business confidence in the digital environment report considered each city’s access to talent, open data, finance and innovation labs, as well as having a modern ICT infrastructure.

software code on a computer screen

-> In January, money transfer company Western Union opened a technology center in Pune that employs 1,000 people. The center will focus on technologies including robotics, machine learning and biometrics.

-> Samsung recently said it would be hiring 1,000 engineers for its three research and development facilities in India, “for domains such as artificial intelligence, machine learning, signal processing, computer vision, mobile security and biometrics, among others.”

-> Dutch software company Planon will expand its base innovation center in Hyderabad, India. CEO Pierre Guelen said, “Over the years, the Hyderabad operations, which started as a development center, have started delivering services for global clients. Next year, the Hyderabad center will be involved in the internet of things and artificial intelligence. The manpower will increase from 130 now to close to 300 by next year. There is good talent in Hyderabad.” This will give Planon 10 times as many people at its Indian innovation center than at its innovation center in the Netherlands.

Several U.S.-based CIOs and global VCs confirmed that India’s services and innovation ecosystem is stronger than it has ever been, and that companies are taking a more strategic view toward their Indian operations.

 

February 7, 2018   No Comments

Amazon India Scales Up Grocery Delivery Operations

Amazon India has started hyperlocal grocery deliveries, including fresh vegetables and fruits from its own stores, in the cities of Bangalore, Delhi-NCR region, Mumbai, and Hyderabad. Two years ago Amazon used to deliver groceries including fresh produce from third party stores such as Hypercity and BigBazaar in under two hours, where it handled the delivery part.

Called ‘Nowstore’, these new stores supply everything from fresh fruits and vegetables to packaged foods, household supplies, baby products, and even appliances and electronics; but they are not open to customer walk-ins, and are known as ‘dark stores’ in industry jargon.

Amazon Logo

January 29, 2018   No Comments

Amazon Launches Silent Delivery Stations in India

Amazon India launched a Silent Delivery Station in Mumbai in collaboration with Mirakle Couriers a Mumbai-based service partner that employs people with hearing loss. The silent delivery station is part of the last-mile service partner program of Amazon Logistics, where entrepreneurs act as Amazon India’s local distribution network providers, and create the last mile delivery footprint.

All associates working in Amazon’s silent delivery station are trained on safety procedures and customer experience behaviors by the team at Mirakle Couriers via sign language. They use the same technology as hearing associates with some modification in the processes to ease their delivery experience. They deliver packages over a radius of less than 2 miles from the delivery station either by bus or by walking to the destination.

Logo of Mirakle Couriers

Akhil Saxena, vice president, India Customer Fulfillment, said “We are committed to using our resources and infrastructure of innovation and technology to enable diverse communities to succeed. We are proud to have pioneered the ‘Silent Delivery Station’ which is a first-of-its-kind, India-specific innovation from Amazon.”

January 22, 2018   No Comments

India’s Ipca Labs Acquires U.S.-based Pisgah Labs

Mumbai-based Ipca Laboratories announced the acquisition of a 100 percent share capital of Pisgah Labs Inc., a North Carolina corporation, by the company’s wholly owned subsidiary Ipca Pharmaceutical Inc., U.S.A., and Onyx Scientific Ltd., U.K. (Ipca Labs’ wholly-owned step-down subsidiary) for $9.65 million, free of debt.

Since its incorporation in 1981, Pisgah has been a contract manufacturer and developer of active pharmaceutical ingredients and intermediates. For the financial year ended April 30, 2017, Pisgah Labs accrued a total income of $2.89 million and EBIDTA of $1.14 million.

Medication

“Onyx and Pisgah’s capabilities in chemistry services will dovetail effectively with the company’s capabilities in supporting Phase II to commercial scale programs and also enable the company to manufacture small volume active pharmaceutical ingredients for the U.S. market,” a company statement said.

January 21, 2018   No Comments