The OIP will also support the Digital Medtronic Innovation Center, a new digital experience center opening in Singapore in early 2022. This is indeed aligned to our new brand and bold ambition to become the global healthcare technology leader, with a focus on AI, robotics, automation, and digital health.” Chris Lee, senior vice president and president of Asia Pacific, Medtronic, signs a Memorandum of Agreement with the Singapore Economic Development Board. “Medtronic is one of the best destinations for innovation and innovators due to its large and diverse portfolio across 70 disease states. “Building on the entrepreneurial spirit that we share with other companies, including startups in the region, our Medtronic OIP serves as a launchpad for us to grow new ideas, empower an innovative ecosystem and translate collaboration into actionable outcomes,” said Chris Lee, senior vice president and president of Asia Pacific, Medtronic. It builds upon a successful employee idea sourcing program, MDT Spark. Under the OIP, the Medtronic APAC Innovation Challenge (MAIC) identifies innovative ideas from startups and business organizations. This first-of-its-kind platform in the APAC region allows Medtronic to identify and invest in the best medical technology innovations from inside and outside the company. That’s why Medtronic recently launched the Medtronic Open Innovation Platform (OIP) with the support of the Singapore Economic Development Board. Collaboration is essential to creating local solutions that improve patient outcomes. No single company can solve the complex healthcare challenges facing Asia Pacific. Supporting tech innovation in Asia Pacific And it will take all of us working together to deliver on the promise of technology to improve patient lives across Asia Pacific and the world.” “With technology innovation accelerating faster than ever before, the future is here, the future is now. “We stand on the cusp of using data and technology to accelerate great advances in prevention, diagnosis and treatment,” said Medtronic Chairman and CEO Geoff Martha who recently shared the company’s vision for the future of healthcare at APACMed’s 2021 MedTech Forum. Medtronic Chairman and CEO Geoff Martha speaks at APACMed’s 2021 Med Tech Forum. Enhancing early diagnostic capabilities of cardiac-related diseases in Singapore through a digital and AI-enabled platform established in partnership with Farrer Park Hospital.Forming a strategic partnership with Stasis Health Private Limited of India to help scale up its artificial intelligence-powered bedside monitoring system.Launching the Medtronic Open Innovation Platform with the support of the Singapore Economic Development Board to identify and invest in promising medical technology and digital health solutions. Recently, the company announced several new initiatives aimed at delivering life-saving technologies to the region and collaborating with local partners to build resilient healthcare ecosystems. The strain on these healthcare systems comes at a time when the region’s aging population is creating serious challenges for developing countries with shortages of medical professionals and limited infrastructure – a dynamic necessitating a shift from acute care to chronic care management.Īs a global leader in the healthcare technology industry, Medtronic is committed to tackling complex healthcare and social challenges in the APAC region. The toll has been particularly severe in underserved countries like India, Vietnam, Malaysia, and Thailand. Over the past two years, the COVID-19 pandemic has battered healthcare systems throughout the Asia Pacific (APAC) region.
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