Industrial Automation Magazine India

Covid-19 Marico announces Rs 2 point 5 Cr prize for innovative healthcare solution

Published on : Saturday 04-04-2020

FMCG firm Marico and ATE Chandra Foundation have launched a nationwide hunt for innovative solutions to healthcare challenges during Covid-19 crisis.

April 2020 – According to a Press Release from Press Trust of India, FMCG firm Marico and ATE Chandra Foundation have launched a nationwide hunt for innovative solutions to healthcare challenges during Covid-19 crisis. Marico Innovation Foundation has invited med-tech entrepreneurs, corporates and innovator to solve the med-tech challenges faced in the on-going COVID-19 crisis with a prize of Rs 2.5 crore, the company said a statement. It has requested to send entries for Innovate2BeatCOVID having solutions to healthcare challenges as low-cost ventilators/respiratory solutions and Personal Protective Equipment, it added.

"Marico Innovation Foundation is inviting med-tech entrepreneurs, corporates, innovators, and any person who can provide innovative solutions for two of the immediate needs today in the country, namely low-cost ventilators/respiratory solutions and Personal Protective Equipment.

"I too am making a pledge in my personal capacity, making the total grant value to Rs 2.50 crore," its chairman Harsh Mariwala said. As the pandemic progresses, the grand challenge may expand to other items of critical need in consultation with medical experts, he said. The number of COVID-19 cases climbed to 1,071 in India on Monday, while the death toll rose to 29, according to the Union Health Ministry. Several corporate houses, including Tata Group, ITC, and HUL, have announced grant to tackle the Covid-19 pandemic in India.