Over the decade MSMF & Narayana Health has put in several forms of infrastructure to promote healthcare innovation and entrepreneurship. The Narayana Health City located in Bommasandra, Bangalore houses the Mazumdar Shaw Medical Foundation and the Translational Research wing each formed to serve translational research unit in healthcare. In this infrastructure to promote healthcare innovation in 2014 the Department of Science and Technology – Government of India conferred upon Mazumdar Shaw Medical Foundation the status of the Technology Business Incubator too. All of these milestones have created a unique innovation layer to the DNA of the organisation. The BIONEST proposal is a move to bring all the initiatives under one umbrella and leap-frog to form and create a larger impact potential in the entire ecosystem in healthcare technology.
From Villgro standpoint, the goal of nurturing impact driven enterprises begun in 2001 and since then has formed multiple initiatives to promote the same. Villgro has worked enormously specifically to look at healthcare impact for the bottom of the pyramid and how to identify and nurture technologies that also address the BoP section of the society.
Under the research hospital framework of BIONEST, both the institutions wish to combine their strengths and form a unique infrastructure meant to focus on the clinical validation and fast-tracking the path to commercialisation in the impact sector.
The innovations developed and nurtured at this incubator can have a significant social impact on the marginalized communities in India. The people at the bottom of the pyramid require access to economical solutions to address their increasing and complex healthcare challenges. The incubatees of Bionest strive to create scalable, profitable, and sustainable enterprises which will provide high quality and low-cost medical care.
For the BIONEST program, the operating team includes representation from Villgro as follows: