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TDK Corporation, IIT Madras to launch Accelerator Program 2024

chennai: tdk corporation is partnering with the gopalakrishnan-deshpande center for innovation & entrepreneurship (gdc) at iit madras to launch the 'tiic accelerator program 2024'. this initiative aims to foster innovation in healthcare technology and diagnostics from indian stem researchers and startups.key highlights:partnership significance: michael pocsatko, tdk's senior vp, emphasized the partnership as a step towards contributing to india's growth and innovation.collaborative opportunity: prof. krishnan balasubramanian of iit madras highlighted the potential to support innovative healthcare startups by combining tdk's industry experience with gdc's technical expertise.program goals: tdk aims to leverage india's talent to drive advancements in healthcare diagnostics and medical devices, providing mentorship, support, and investment opportunities.application process: the program starts with a call for applications in june 2024, followed by an in-person workshop and a 6-8 week boot camp. selected teams will receive business mentorship to prepare for pitching to tdk for investments.target sectors:diagnostic labs and servicesimaging, therapeutic, sensing, recording, and surgical devices (excluding implants)consumables and advanced materials for diagnosticsequipment-related services, wearables, analyticstechnologies like sensors, iot, 5g, ai/ml, 3d printing, telemedicine, robotics, ar/vr, and neuroelectronic interfaces.


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