IndusSetu signs MoU with SEMI to advance semiconductor tech and artificial intelligence for Smart MedTech and innovation
SEMI | SEMICON INDIA 2024
Smart MedTech Session
SEMI, established in 1970, connects over 2,500 companies in the electronics manufacturing and design supply chain. It plays a pivotal role in enabling industry collaboration and advancing global semiconductor innovation.
SEMICON INDIA 2024 is a premier technology event aimed at catalyzing India’s semiconductor ecosystem and advancing the nation's position as a global hub for electronics manufacturing. Organized by SEMI, the global industry association for electronics design and manufacturing, the event gathers thought leaders, industry experts, and policymakers to explore innovations, partnerships, and strategies in semiconductors, electronics, and allied technologies. With India’s growing focus on chip design and fabrication, SEMICON INDIA 2024 serves as a crucial platform to accelerate investment, R&D, and talent development in this transformative sector.
Smart MedTech session was jointly hosted by
IndusSetu, Stanford Biodesign and SEMI with the theme:
Transforming global healthcare with India's MedTech
innovations powered by semiconductors and AI.
IndusSetu partnered with SEMI and the Stanford Byers Center for Biodesign to organize the Smart MedTech Forum at SEMICON India, held in Greater Noida, Uttar Pradesh, India. The session featured some of the most eminent minds and leaders in the field. It was chaired by Dr.Melisa Gruppen Shemansky, Chief Technology Officer and VP of Technology communities at SEMI, Dr. Nandini Tandon of IndusSetu and Dr. Anurag Mairal of Stanford Biodesign, and co-convened by Vinod Dham, famously known as the "Father of the Pentium Chip," and Ajit Manocha, President and CEO of SEMI.
Convenor's Welcome: Ajit Manocha, President & CEO, SEMI and Vinod Dham, Father of the Pentium Chip
The session began with welcome addresses by Ajit Manocha, and Vinod Dham. They set the stage by emphasizing the convergence of AI, semiconductors, and healthcare as the next big frontier for innovation, particularly in making healthcare more accessible and affordable for underserved populations globally.
Keynote Address: Dr. Robert Califf, Commissioner U.S. FDA
Dr. Robert Califf, addressed the session with a keynote that provided a global perspective on the role of regulatory frameworks in healthcare innovation. He emphasized the importance of developing technology that meets international standards while addressing local healthcare needs, highlighting how AI and semiconductor innovations are already making waves in diagnostics and patient care globally.
Vinod Dham, the 'Father of Pentium Chip' presenting his convenor's address via recorded video
Robert Califf, Commissioner of USFDA presenting his opening address via recorded video
Smart MedTech session was jointly hosted by
IndusSetu, Stanford Biodesign and SEMI with the theme: Transforming global healthcare with India's MedTech innovations powered by semiconductors and AI.
2024 IndusSetu Global Foundation
Keynote by S Krishnan:
The keynote speech was delivered by S Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY). Krishnan laid out India’s strategic vision for using AI and semiconductor technologies to transform healthcare, stressing the importance of government support in fostering innovation. He highlighted ongoing initiatives to integrate cutting-edge technologies into healthcare systems across India.
Interdisciplinary Fireside Chat: Harnessing Public-Private Partnership for Tech-Enabled Health for All
Moderated by Dr. Nandini Tandon, a prominent Silicon Valley venture capitalist and Co-Founder of the IndusSetu Global Foundation, this panel explored how public-private partnerships and technological advancements can drive healthcare innovations in India.
The discussion revolved around India’s unique role in leveraging technology for healthcare, the need for affordable solutions, and the importance of collaboration between the public and private sectors to scale innovations. The panelists provided insights into how India’s burgeoning tech ecosystem could serve as a model for other developing countries.
Roundtable Discussion: Innovation, Investment, and Implementation:
The final panel was co-moderated by Dr. Anurag Mairal, Adjunct Professor at Stanford University, and Shashi Shekhar Vempati, Co-founder of DeepTech for Bharat Foundation.
The discussion centered around the challenges of scaling MedTech innovations in both developed and developing markets. Sunil Singh shared success stories of his company’s affordable healthcare innovations, such as ophthalmology solutions and neonatal care devices, which are making a significant impact in India. The panel highlighted the importance of sustainable models for balancing affordability and quality in healthcare solutions, calling for continued collaboration among government, industry, and academia.
Conclusion:
The Smart MedTech session concluded with a strong emphasis on collaboration between public and private sectors to address the healthcare challenges of both the Global North and South. The session showcased how India is well-positioned to lead the charge in developing affordable, scalable healthcare solutions powered by AI and semiconductors.
Indussetu signs MoU with SEMI
IndusSetu co-founders Priya Tandon and Dr. Nandini Tandon signed a Memorandum of Understanding (MoU) with SEMI to integrate semiconductor technology and artificial intelligence into healthcare. This partnership leverages Silicon Valley expertise and global networks to promote health equity through Smart MedTech, support women-led initiatives, and build a thriving venture capital ecosystem for entrepreneurs and innovators.
