Showing posts with label FISE. Show all posts
Showing posts with label FISE. Show all posts

Tata Trusts’ FISE Incubatee Voxelgrids Unveils Portable MRI Scanner 4-Times Faster Than Currently Available

Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) today announced, the development of a high-tech portable Magnetic Resonance Imaging (MRI) scanner, a first ever in the country, designed to make MRI affordable and accessible for everyone. A team of highly talented engineers at Voxelgrids, an incubatee of Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE), have been able to achieve this radical innovation in 24 months.

Voxelgrids, an incubatee of FISE, is a Bangalore-based startup founded in March, 2017 by Arjun Arunachalam and Raghava Kumar Molluru, according to the data available at Ministry of Corporate Affairs.

The 1.5 Tesla whole body MRI scanner will make MRI scans 3 to 4 times faster, compared to other scanners that are currently available in the market. The scanner is compact, extremely light weight and consumes far less power.

These developments will reduce the cost of an MRI scan significantly and will expand the scope of diseases that MRI can be employed to diagnose. It will also enable the deployment of fully portable whole-body high field MRI scanners. This system can be mounted on a truck and taken to small towns in the remotest parts of the country, for real-time imaging of patients at district level or even primary health centres.

Tata Trusts’ FISE Incubatee Voxelgrids Unveils Portable MRI Scanner4-Times Faster Than Currently Available

Commenting on this development, Mr. Ratan N. Tata, Chairman, Tata Trusts, said, “Innovation and entrepreneurship requires creativity, hard-work and endurance to succeed. I am pleased that the MRI project team has demonstrated this. It also requires an enabling ecosystem to ensure that the most talented innovators are encouraged to take entrepreneurial risks and create positive social, economic and environmental impact.”

MRI is a completely safe Imaging modality as it is free of ionizing radiation. It also provides exquisite tissue contrast that other imaging modalities like X-RAY and CT cannot. However, despite its strengths, there are practical issues that limit the modality’s impact and reach. The current state-of-the-art MRI scanners are bulky and expensive. This makes MRI unaffordable and inaccessible for a large population. Furthermore, the Imaging process itself is slow and an MRI scanner’s ability to image moving organs, such as the human heart, is limited. As a result, the role of MRI in diagnosing cardiac disease, one of the top causes of death today, is inadequate. This whole body MRI scanner aims to address these limitations.

Voxelgrids has been supported by Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) from development to introduction of the MRI scanner. FISE promotes socially relevant innovations and entrepreneurship with a mission to create large scale sustainable social impact. FISE engages with entrepreneurs throughout their product lifecycle stages, providing critical incubation and mentorship support.

The project won the prestigious Indo-US Science and Technology Forum (IUSSTF) award in 2017 while it was still under development. Bangalore based Sri Sathya Sai Institute of Higher Medical Sciences is the clinical partner for the development, where the first system has been installed.

About the Foundation for Innovation and Social Entrepreneurship (FISE):

FISE promotes innovations and entrepreneurship with a mission to create large scale sustainable social, economic and environmental impact. FISE nurtures start-ups through their lab to market journey, helping them create high quality, commercially viable, accessible and affordable solutions. This is achieved through a unique three-tier ecosystem architecture called Social Alpha. Social Alpha is focused on catalysing entrepreneurship for impact and provides critical technology and business incubation support to the mission driven start-ups. FISE is a “technology business incubator” supported by the Department of Science and Technology, Government of India.

In February, FISE, in a first-of-its-kind nationwide search, had announced the “Social Alpha Energy Challenge” to find high impact innovations that could catalyze system change in the field of energy.

In January, FISE has also announced its ₹900 million plan where Tata Trusts will invest in those startups & ideas in which other investors hesitate to invest in. It will also launch lab-style incubators across India.

Additionally, in the same month, deAsra Foundation, an organization aimed at empowering budding entrepreneurs has also collaborated with Tata Trusts's FISE along with Odisha Skill Development Authority (OSDA) to promote entrepreneurship across the country.

Tata Trusts’ FISE Incubatee Voxelgrids Unveils Portable MRI Scanner 4-Times Faster Than Currently Available

Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) today announced, the development of a high-tech portable Magnetic Resonance Imaging (MRI) scanner, a first ever in the country, designed to make MRI affordable and accessible for everyone. A team of highly talented engineers at Voxelgrids, an incubatee of Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE), have been able to achieve this radical innovation in 24 months.

Voxelgrids, an incubatee of FISE, is a Bangalore-based startup founded in March, 2017 by Arjun Arunachalam and Raghava Kumar Molluru, according to the data available at Ministry of Corporate Affairs.

The 1.5 Tesla whole body MRI scanner will make MRI scans 3 to 4 times faster, compared to other scanners that are currently available in the market. The scanner is compact, extremely light weight and consumes far less power.

These developments will reduce the cost of an MRI scan significantly and will expand the scope of diseases that MRI can be employed to diagnose. It will also enable the deployment of fully portable whole-body high field MRI scanners. This system can be mounted on a truck and taken to small towns in the remotest parts of the country, for real-time imaging of patients at district level or even primary health centres.

Tata Trusts' FISE Voxelgrids MRI Scanner

Commenting on this development, Mr. Ratan N. Tata, Chairman, Tata Trusts, said, “Innovation and entrepreneurship requires creativity, hard-work and endurance to succeed. I am pleased that the MRI project team has demonstrated this. It also requires an enabling ecosystem to ensure that the most talented innovators are encouraged to take entrepreneurial risks and create positive social, economic and environmental impact.”

MRI is a completely safe Imaging modality as it is free of ionizing radiation. It also provides exquisite tissue contrast that other imaging modalities like X-RAY and CT cannot. However, despite its strengths, there are practical issues that limit the modality’s impact and reach. The current state-of-the-art MRI scanners are bulky and expensive. This makes MRI unaffordable and inaccessible for a large population. Furthermore, the Imaging process itself is slow and an MRI scanner’s ability to image moving organs, such as the human heart, is limited. As a result, the role of MRI in diagnosing cardiac disease, one of the top causes of death today, is inadequate. This whole body MRI scanner aims to address these limitations.

Voxelgrids has been supported by Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) from development to introduction of the MRI scanner. FISE promotes socially relevant innovations and entrepreneurship with a mission to create large scale sustainable social impact. FISE engages with entrepreneurs throughout their product lifecycle stages, providing critical incubation and mentorship support.

The project won the prestigious Indo-US Science and Technology Forum (IUSSTF) award in 2017 while it was still under development. Bangalore based Sri Sathya Sai Institute of Higher Medical Sciences is the clinical partner for the development, where the first system has been installed.

About the Foundation for Innovation and Social Entrepreneurship (FISE):

FISE promotes innovations and entrepreneurship with a mission to create large scale sustainable social, economic and environmental impact. FISE nurtures start-ups through their lab to market journey, helping them create high quality, commercially viable, accessible and affordable solutions. This is achieved through a unique three-tier ecosystem architecture called Social Alpha. Social Alpha is focused on catalysing entrepreneurship for impact and provides critical technology and business incubation support to the mission driven start-ups. FISE is a “technology business incubator” supported by the Department of Science and Technology, Government of India.

In February, FISE, in a first-of-its-kind nationwide search, had announced the “Social Alpha Energy Challenge” to find high impact innovations that could catalyze system change in the field of energy.

In January, FISE has also announced its ₹900 million plan where Tata Trusts will invest in those startups & ideas in which other investors hesitate to invest in. It will also launch lab-style incubators across India.

Additionally, in the same month, deAsra Foundation, an organization aimed at empowering budding entrepreneurs has also collaborated with Tata Trusts's FISE along with Odisha Skill Development Authority (OSDA) to promote entrepreneurship across the country.

Tata Trusts Launches The First Nationwide Hunt for Innovators & Entrepreneurs, Invites Entries for “Social Alpha Energy Challenge”

In a first-of-its-kind nationwide search, Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) – which supports technology-based solutions for social impact through their lab-to-market journey – has announced the “Social Alpha Energy Challenge” to find high impact innovations that could catalyze system change in the field of energy.

With a focus on cleantech, sustainability and energy efficiency, the Social Alpha Energy Challenge aims to discover next-gen technology innovations that promise to unlock new solutions to India’s energy challenges or make existing energy networks smarter, cleaner and more affordable. In this ambitious hunt, the Challenge is inviting entries from innovators across various stages of the energy lifecycle - generation, transmission and distribution, storage, and consumption, in multiple sectors such as households, farm, industry, infrastructure, building, utility and transport.

The winners will be assessed on select parameters such as the breakthrough nature of the innovation, business viability, environmental sustainability, social impact, and scalability potential. The winners of the Energy Challenge will form the first cohort of enterprises for Tata Smart Energy Incubation Centre (TSEIC) - an incubator and start up accelerator being built in partnership between Tata Power Delhi Distribution Limited and Tata Trusts.

A maximum of 10 winners will be selected to receive complete incubation support that will include:

-- 6-18 months of access to the upcoming Tata Smart Energy Incubation Centre in New Delhi

  • Access to state-of-the-art lab facilities and world class-infrastructure

  • Access to test beds on the ground for trials and field testing

  • Strategy and go-to-market (GTM) support

  • Mentorship by experts, specialists, and sector leaders

  • Gateway to a diverse and large investor ecosystem


Manoj Kumar, Head of Innovation, Tata Trusts and CEO, Social Alpha, said, “Two years back we created FISE as a key component of our Social Alpha architecture with a charter to catalyse innovation and entrepreneurship for impact. Tata Trusts’ continued commitment to sustainability and climate challenges has sharpened our focus further on creating a pipeline of high impact cleantech solutions that address the challenges of affordable energy access in complete convergence with our livelihoods and sustainability initiatives at the grassroots level. TSEIC is our dedicated incubation centre with a charter to solve various riddles of energy challenges using state of the art technology infrastructure and domain expertise.”

Praveer Sinha, CEO & Managing Director, Tata Power Delhi Distribution Limited, said, “Tata Smart Energy Incubation Centre aims to bring innovation, domain and business expertise across the entire energy value chain to support scalable and sustainable solutions that helps to create new opportunities and nurtures societal value. T-SEIC will facilitate the vision to support and provide ecosystem for the start-up enterprises working to provide cost effective solutions. I believe, the TSEIC will go a long way for the development of Innovative and Cost Effective Technologies in India”.

The last date to submit applications is 7 April, 2018. Entrants for the energy challenge can register here: http://socialalphachallenge.org/energy/

To recall, last month FISE has also announced its ₹900 million plan where Tata Trusts will invest in those startups & ideas in which other investors hesitate to invest in. It will also launch lab-style incubators across India.

Additionally, deAsra Foundation, an organization aimed at empowering budding entrepreneurs has also collaborated with Tata Trusts along with Odisha Skill Development Authority (OSDA) to promote entrepreneurship across the country.

In 2015, Tata Trusts partnered with Google to give 1000 scholarships for the Android Nanodegree to deserving students in India. Tata Trust will alone offered 500 free scholarships for the complete Android Nanodegree in India.

Tata Trusts Launches The First Nationwide Hunt for Innovators & Entrepreneurs, Invites Entries for “Social Alpha Energy Challenge”

In a first-of-its-kind nationwide search, Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) – which supports technology-based solutions for social impact through their lab-to-market journey – has announced the “Social Alpha Energy Challenge” to find high impact innovations that could catalyze system change in the field of energy.

With a focus on cleantech, sustainability and energy efficiency, the Social Alpha Energy Challenge aims to discover next-gen technology innovations that promise to unlock new solutions to India’s energy challenges or make existing energy networks smarter, cleaner and more affordable. In this ambitious hunt, the Challenge is inviting entries from innovators across various stages of the energy lifecycle - generation, transmission and distribution, storage, and consumption, in multiple sectors such as households, farm, industry, infrastructure, building, utility and transport.

The winners will be assessed on select parameters such as the breakthrough nature of the innovation, business viability, environmental sustainability, social impact, and scalability potential. The winners of the Energy Challenge will form the first cohort of enterprises for Tata Smart Energy Incubation Centre (TSEIC) - an incubator and start up accelerator being built in partnership between Tata Power Delhi Distribution Limited and Tata Trusts.

A maximum of 10 winners will be selected to receive complete incubation support that will include:

-- 6-18 months of access to the upcoming Tata Smart Energy Incubation Centre in New Delhi

  • Access to state-of-the-art lab facilities and world class-infrastructure

  • Access to test beds on the ground for trials and field testing

  • Strategy and go-to-market (GTM) support

  • Mentorship by experts, specialists, and sector leaders

  • Gateway to a diverse and large investor ecosystem


Manoj Kumar, Head of Innovation, Tata Trusts and CEO, Social Alpha, said, “Two years back we created FISE as a key component of our Social Alpha architecture with a charter to catalyse innovation and entrepreneurship for impact. Tata Trusts’ continued commitment to sustainability and climate challenges has sharpened our focus further on creating a pipeline of high impact cleantech solutions that address the challenges of affordable energy access in complete convergence with our livelihoods and sustainability initiatives at the grassroots level. TSEIC is our dedicated incubation centre with a charter to solve various riddles of energy challenges using state of the art technology infrastructure and domain expertise.”

Praveer Sinha, CEO & Managing Director, Tata Power Delhi Distribution Limited, said, “Tata Smart Energy Incubation Centre aims to bring innovation, domain and business expertise across the entire energy value chain to support scalable and sustainable solutions that helps to create new opportunities and nurtures societal value. T-SEIC will facilitate the vision to support and provide ecosystem for the start-up enterprises working to provide cost effective solutions. I believe, the TSEIC will go a long way for the development of Innovative and Cost Effective Technologies in India”.

The last date to submit applications is 7 April, 2018. Entrants for the energy challenge can register here: http://socialalphachallenge.org/energy/

To recall, last month FISE has also announced its ₹900 million plan where Tata Trusts will invest in those startups & ideas in which other investors hesitate to invest in. It will also launch lab-style incubators across India.

Additionally, deAsra Foundation, an organization aimed at empowering budding entrepreneurs has also collaborated with Tata Trusts along with Odisha Skill Development Authority (OSDA) to promote entrepreneurship across the country.

In 2015, Tata Trusts partnered with Google to give 1000 scholarships for the Android Nanodegree to deserving students in India. Tata Trust will alone offered 500 free scholarships for the complete Android Nanodegree in India.

Ratan Tata Launches ₹900 Mn Plan To Invest In Startups; To Setup Lab-Style Incubators Too

Ratan Tata, the chairman of global business conglomerate Tata group, has given a go ahead to a new initiative where Tata Trust will help startups in India which are high-risk and have uncertain business model in which no other investors do funding.

Additionally, under the same initiative a number of lab-style incubators for startups will be established across India.

Tata Trust's FISE or the Foundation for Innovation and Social Entrepreneurship is both a social impact fund as well as a business incubator, which was set up 18 months ago and has funded nearly. two dozen startups across businesses that range from cleaning the Ganga to building low-cost robotic exoskeletons for disabled workers. FISE is also supported by the government's Department of Science and Technology (DST).

The key objective of Ratan Tata's Trusts and FISE is to fund those kinds of startups and business models which no other investor will normally touch with a barge pole.

Additionally, Tata Trusts has also announced ₹500 million fund for startups and ₹300 million to these incubator labs, besides the ₹100 million from DST.

According to Manoj Kumar, who serves as Tata Trusts senior advisor, FISE’s objective is not profit or valuation, but to brush up and polish startups to help them take where others will be interested.

"When no one else gives these startups funds, we do. So, you could say our model is to fund high-risk, uncertain return business models," Kumar said.

Unlike other funding institutions like venture capital and angel investors, FISE does not assist microfinance startups or an e-commerce fashion platform which other venture capitalists will jump at. FISE instead helps ideas having social impact, for example a portable MRI machine that can deliver reports at one-fifth of the cost or an easily accessible world-class toilet.

Manoj Kumar further explained in a business daily that he was being told by Ratan Tata, when they were planning the venture, that -- "If you want to have deep and irreversible impact on a social scale, then you have to try different things, and not use the same approach again and again".

The above development was first reported in Business Standard.

Besides all this, FISE’s is also setting up an incubator facility -- Tata Smart Energy Incubation Center -- a 40,000 sqft facility in Delhi’s Rohini, which is expected to be launched next month, along with a health-care facility as well. Thereafter, at least “one lab will go live” every six months for two years, said Kumar, adding that each centre will be either industry or theme focussed.

Earlier yesterday, Haryana state government has also announced the plan to set up an startup incubator called 'Global Start-up Village', which will be India's biggest startup hub and will be located in Gurugram in next couple of years.

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