Thermaiscan signs LOI with Mazumdar Shaw Medical Foundation – Technology Business Incubator in India

Houses in Bengaluru, Karnataka, India
Houses in Bengaluru, Karnataka, India

We have more great news. A Letter of Intent (LOI) has been signed between Thermaiscan and Mazumdar Shaw Medical Foundation – Technology Business Incubator (MSMF-TBI) in Bengaluru, India, which is established to provide philanthropy support, medical outreach and translational research. The intention of the LOI is to perform research and clinical validations in their Corporate Hospital-based Startup Incubator.

The LOI is a testament to the power of community in India. We are extremely thankful to India-Sweden Healthcare Innovation Center with Harika Garapati & Dolly Berry, who represents Business Sweden in India. They introduced us to Mukesh Sharma at Menterra Venture Advisors, who then helped us to reach Dr Sherin James and Kiran Vuppala at MSMF – that were positive towards the Thermaiscan Breast Cancer Pre-Screening solution.

This is Mazumdar Shaw Medical Foundation – Technology Business Incubator 

MSMF-TBI has been actively involved in promoting innovations and entrepreneurship across India, by creating an enabling platform for startups and entrepreneurs to build scalable and sustainable ventures. MSMF-TBI has incubated more than 30+ healthcare startups. 

Recently they were selected for Startup India Seed Fund Scheme from the Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade to support early stage startups.

The MSMF-Technology Business Incubator is India’s first corporate hospital based start-up incubator created in 2016, with support from the Department of Science and Technology. The “International Centre for Innovation, Technology transfer and Entrepreneurship” was established with the help of DST and in 2019, MSMF was awarded BIRAC – BioNEST status from the Department of BioTechnology. 

MSMF is nested within the Narayana Health City in Bengaluru. Mazumdar Shaw Medical Foundation was established to provide opportunities for Entrepreneurs, Startups, Innovators, Researchers/Scientists, Clinicians and Philanthropists to contribute to shaping the healthcare of the future and making it accessible to marginalized communities in India.

Thermaiscan – Predictive medicine using software innovations

Thermaiscan is a software company within the predictive medicine field, founded in Sweden. Our mission is to solve the problem of late detection of breast cancer development. Early detection saves lives.

Thermaiscan’s innovation is a breast cancer pre-screening solution based on inhouse developed AI, combined with thermal sensors integrated in smartphones. The goal is to support B2B health units – such as mini-clinics, primary care and rural healthcare non-specialists – with the ability to perform breast cancer pre-screening and detect breast abnormalities in early stages. Finding breast cancer early is strongly correlated with better survival chances. Thermaiscan’s approach with a portable, affordable and non-toxic breast cancer pre-screening solution have gained traction and been rewarded in both India and Singapore. 

Our vision is to have the innovation acting as a complement to current screening methods in the hands of first-line healthcare non-specialist workers.

AI will not replace human specialists, Dr’s or healthcare personell. Humans in healthcare who uses AI will replace the ones who dont use – this is our five cents about the future. AI and thermal technology is like the fish in the water, a perfect combination that outperformes human eye analysis of thermal image.

Collaboration with key healthcare actors in India

Breast cancer accounts for 8.2% of total cancer cases in India. The problem is growing and the need for technology tackling this is big. There are many devoted people and organizations working together to solve this problem.

Thermaiscan recently announced a Letter of Intent with MAMTA Health Institute For Mother And Child In India. Read more here.

Business Sweden in India

Business Sweden has helped Swedish companies grow in India for more than 25 years. From their two offices in Bangalore and New Delhi, they also support Swedish companies in neighboring markets such as Bangladesh, Sri Lanka, Pakistan, Bhutan, Nepal and the Maldives. They help companies understand the business culture, plan market entry in relevant segments, and suggest suitable partners, to mention a few of their key services. You can find more information here

India-Sweden Healthcare Innovation Centre

Thermaiscan Breast Cancer Pre-Screening solution was 1 of 14 winners in India-Sweden Innovation Challenge at the end of 2020. The India-Sweden Healthcare Innovation Centre is envisioned to develop an ecosystem of innovation and healthcare delivery stakeholders to collaborate faster in order to address current and future challenges in the healthcare sector in India. The platform enables development and scaling up through frugal innovation for healthcare that is affordable and accessible in line with the objectives of the Government of India.

Thermaiscan has since then received fantastic support from the India-Sweden Healthcare Innovation Centre. The support includes a partnership between India’s premier healthcare institutions AIIMS Delhi, AIIMS Jodhpur and Business Sweden, closely guided by the Ministry of Health (including ICMR) in Sweden and India, along with Knowledge Partner AstraZeneca as well as Technology Partner NASSCOM.

More on Mazumdar Shaw Medical Foundation (MSMF)

The Mazumdar Shaw Medical Foundation is a not-for-profit organization and was established by Dr. Kiran Mazumdar-Shaw in 2013, with the aim of establishing advanced cancer care infrastructure accessible to all, promoting translational research with a focus on India, and provide philanthropic support to cancer patients. The Foundation’s compassionate care unit, Mazumdar Shaw Cancer Outreach Program is committed to helping underprivileged patients. 

The Mazumdar Shaw Medical Foundation compliments the philanthropic vision of Narayana Health providing a community outreach program and translational research center Mazumdar Shaw Center for Translational Research which has been established with the aim of developing scientific breakthroughs resulting in more effective and affordable healthcare for a wide range of human diseases and conditions. The center provides an interface for the integration of engineering, science and medicine in a discovery-centered environment towards the development of new treatment modalities. 

The mission of the Mazumdar Shaw Medical Foundation is to improve the health of the community by setting a standard of excellence in research and community outreach programs. MSMF pushes the boundaries of discovery, transforms healthcare and creates hope for humanity. We will deliver the promise of good health through breakthrough research, treatment innovation, and philanthropy. MSMF employs world-class researchers who develop and test the effectiveness of new cancer therapies. This unique bench-to-bedside approach to cancer research and patient care can only be found in a distinguished center such as MSMF.