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#News(Startup) [ via IoTForIndiaGroup ]
The dearth of low-cost medical instruments often renders local medical facilities incapable of providing quick test reports and medications to patients. Those which have the facilities, are faced with severe restrictions and limitations. Firstly, the tests become expensive due to high cost and high investment of the diagnostic machines. Moreover, restricted availability of such facilities causes semi-urban and rural areas to lack proper delivery of timely aid to patients. Time consuming procedures result in delays of up to 48 hours for generating reports.
Mahajan and team prepared their business blueprint and reached out to Healthcare Technology Innovation Centre (HTIC), a multi-disciplinary R&D centre initiated jointly by Indian Institute of Technology Madras (IIT-M) and Department of Biotechnology (DBT), Government of India. They collaborated to create a point-of-care diagnostic instrument that could read quantitative rapid test kits and provide a numerical value of the test results in less time. R&D and design by J Mitra and HTIC led to the creation of iQuant.
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