Hyderabad is just overflowing with growth and development plans and a mega platform for startups across the country. The city that fares better than the rest of the country in terms of new ideas and prospects of growth is also leading in life sciences.
The life sciences firms that are a part of the MedTech sector have been blooming with opportunities as most companies and startups in MedTech are up to date with the latest technology and are entirely into Artificial Intelligence. Therefore, the Centre for Innovation and Entrepreneurship (CIE) at the International Institute of Information Technology, Hyderabad (IIIT-H), along with T-incubators Accelerator, conducted a brief survey to find out the AI startups in the city.
The survey found out that more than 115 companies are up to date with the world of technology and are highly dependant on AI. The future of MedTech lies right here in the city, with life sciences growing to a whole new level along with institutes like UOH,IKP, and CCMB happily partnering with startups and also the top educational institutions that encourage entrepreneurship to students.
Also, play a vital role in the growth of this sector. The survey also showed that defense and aerospace manufacturing is the next big thing in the startup space of the city. The report highlights that many other sectors that are in the seed stage will soon grip the startup domain and change the game for the future.