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CitiusTech partners with IIT Bombay- 3-Dec-2016
Mumbai: CitiusTech, a leading provider of healthcare technology services and solutions, has announced its engagement with the Society for Innovation and Entrepreneurship (SINE), IIT Bombay to established a Healthcare Innovation Fund and seed early-stage healthcare startupsat SINE.
As part of its CSR initiative, CitiusTech has established a Healthcare Innovation Fund and seed early-stage healthcare startupsat SINE.
CitiusTech has been collaborating with SINE since the past two years, seeding investments to boost innovations in the healthcare sector.
Having extensive experience in the field, CitiusTech provides budding startups with entrepreneurial guidance and hopes to enhance its engagement with academia through this association. Four startups have emerged out of the association so far, working across different areas of healthcare.
CitiusTech was co-founded in 2005, by Mr. RizwanKoita, Mr. JagdishMoorjaniand Mr. Bimal Naik who are IIT Bombay alumni. IIT Bombay has a vast network of alumni across the world, many of whom are involved with SINE and CitiusTech joins thisselect group who have contributed to SINE and are engaging with its entrepreneurial ecosystem.
“SINEhas had a very successful track record of promoting entrepreneurship amongst the IIT Bombay fraternity. Today, there are significant opportunities in enhancing healthcare globally, and we are excited to collaborate with SINE in supporting its initiative in healthcare.” said RizwanKoita, CEO, CitiusTech.
“SINE has many companies in the medical technology and healthcare domain. In addition to the monetary contribution, the engagement with CitiusTech will bring the corporate and organizational experience of CitiusTech to young companies.” said Ms. Poyni Bhatt, Chief Operating Officer, SINE.
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