MathWorks is a world leader in technical computing and software development. The company has a passion for providing critical tools to engineers and scientists. In the several industries that MathWorks has committed to fostering innovation, it has found an important ally in India to support healthcare startups. Through the MathWorks Accelerator Program, healthcare startups in India have been able to create groundbreaking medical devices and digital health solutions that address the pressing challenges faced by rural populations.
What is MathWorks? Founded by Cleve Moler and Jack Little in 1984, MathWorks is the originator of MATLAB and Simulink. These two applications are widely employed for numerical computing, model-based design, and simulation. They are used in various sectors, such as automotive, aerospace, electronics, and medical. The company’s strong commitment to advance innovation and to solve the complex problems it encounters has allowed it to earn the respect of engineers and researchers all around the world.
MathWorks in India
In India, MathWorks has made a significant impact by empowering healthcare startups through its Accelerator Program. This program gives startups access to powerful software tools and expert guidance to build and deploy solutions transforming healthcare delivery, particularly in underserved rural areas.
The company’s operations in India focus primarily on accelerating the development of medical devices and healthcare technologies aimed at improving access to care in rural India.
Accelerator Program: Empowering Healthcare Startups
The MathWorks Accelerator Program enables startups focused on health and other industries to utilize MATLAB and Simulink free of charge. Startups benefit from the following:
Free Access to MATLAB and Simulink: Designing, developing, and testing medical devices and health applications.
Technical Support: Engineers and specialists help startups optimize projects for scalability and regulatory compliance.
The training and resources under the program consist of free or discounted training, local language support, and technical resources for improving startups’ capabilities.
Key Achievements in Healthcare
MathWorks’ collaboration with healthcare startups in India has resulted in significant advancements in rural healthcare. Some notable examples include:
- iMedrix – A healthcare startup specialising in cardiac care, iMedrix developed the Mobile ECG solution powered by MathWorks tools. This AI-driven solution would allow for the early detection of heart disease to save millions in remote regions through life-saving services.
- PlebC Innovations – This startup developed a Tele Operated Robotic Ultrasound System (TORUS), enabling radiologists to perform ultrasound scans remotely. With the shortage of skilled radiologists in rural areas, TORUS significantly improves access to diagnostic services.
These startups and others benefit from MathWorks’ powerful tools, which streamline the development of innovative solutions, reduce time to market, and ensure regulatory compliance.
Designing, Developing, and Deploying Medical Devices
MathWorks provides comprehensive solutions for healthcare startups, allowing them to:
- Design medical devices and applications.
- Simulate device functionality and performance before physical deployment.
- Test and Deploy solutions that comply with industry regulations, such as IEC 62304 for medical devices.
This end-to-end solution streamlines the entire product development lifecycle, enabling startups to bring life-saving products to market faster.
Competitors
MathWorks also has a pool of competitors for its software in the health technology space. Including but not limited to, one of the competitors is the extensive toolset and domain expertise that help differentiate from others. Let’s look at some of these:
- National Instruments: Known for providing hardware and software for testing, measurement, and control systems
- ANSYS: Simulation solutions across various industries to include health services
- Dassault Systèmes: Providing solutions related to product designing, simulation, and manufacturing; it is particularly relevant in health services.
Despite these competitors, MathWorks maintains a strong position in the market due to its integrated approach that combines engineering, simulation, and real-time deployment capabilities.
Founders and Leadership
MathWorks was founded by Jack Little and Cleve Moler:
- Jack Little: Co-founder and current CEO, Jack Little has been a driving force behind the company’s vision, helping build it into one of the leading technical computing companies worldwide.
- Cleve Moler: Co-founder and former Chief Technical Officer, Cleve Moler created the foundation for MATLAB, which became the core software for MathWorks.
Did You Know: Newton School – Redefining Education for the Workforce
MathWorks’ Contributions to Rural Healthcare in India
These issues include a very poor medical infrastructure, a severe shortage of healthcare professionals, and limited access to modern diagnostic technologies. MathWorks has been instrumental in addressing these gaps with its partnerships in health tech startups.
By empowering startups with the right tools, MathWorks has facilitated the development of innovative solutions that:
- Enable Early Detection of chronic diseases, such as heart disease and cancer.
- Increase Access to critical medical imaging services like ultrasounds.
- Leverage AI to create smarter, more efficient healthcare systems in rural areas.
Healthcare Startups Empowered by MathWorks in India:
- iMedrix: Pioneering AI-driven cardiac care solutions.
- PlebC Innovations: Innovating robotic ultrasound technology for remote diagnostics.
These partnerships have brought measurable improvements in healthcare delivery, impacting the lives of millions in rural India.
Read More: Friendship app for people with disabilities: Buddy Up Network
Catalyzing Growth
MathWorks’ Accelerator Program has partnered with more than 500 accelerators across the globe, over 200 in India. These accelerators extensively support startups in various sectors. The features of the program are as follows:
- Free Licensing: Startups can get up to 10 licenses for MathWorks tools, thus having critical resources without necessarily having to break the bank.
- Comprehensive Support: MathWorks offers access to technical support, training, and co-marketing opportunities that help startups reach a broader audience.
- Platform for Innovation: Working with accelerators allows MathWorks to help startups demonstrate their solutions to potential investors and collaborators.
Conclusion:
MathWorks is making a revolutionary contribution to the Indian healthcare sector, especially in the rural context. MathWorks empowers start-ups with the tools, resources, and expertise they require to create solutions tailored to meet the most daunting challenges of healthcare the distant population presents.
MathWorks is laying the path towards accessible, affordable, and high-quality healthcare for all by continually supporting it with its Accelerator Program and advancing healthcare innovation.
Also Know: Empowering India’s future: Atomberg’s role in the hardware and energy revolution
