Mumbai (Maharashtra) [India], November 25: Ayu Devices, an IIT Bombay incubated company, is committed to providing affordable healthcare solutions at affordable prices with its Digital and Medical Devices solutions and services. Ayu Devices is also being virtually incubated at the Society for Mumbai Incubation – Lab to Entrepreneurship (SMILE), the social entrepreneurship incubation arm of the Municipal Corporation of Greater Mumbai (MCGM).
Ayu Devices broke into the marketplace with their unique ‘AyuSynk’, a Digital Stethoscope as one of its first offerings which could be just what the doctor ordered in these troubled times of the ongoing pandemic. People have spoken about the spread of the virus in waves, which has practically brought most businesses to a grinding halt, whereas Ayu Devices has decided to ride this very wave with their innovative Digital Stethoscope offering. With over 4500 units already deployed across the country in quick time, AyuSynk is flying off the shelf as it is quickly being embraced by medical practitioners, including Doctors, Nurses, and other hospital support staff.
Acknowledging the practicality and the innovation of the digital stethoscope, India’s leading Pulmonologist, Dr. Lancelot Pinto said,” AyuSynk by Ayu Devices could be the next big innovation in the healthcare space. A Technology marvel, apart from being a digital stethoscope, it can also amplify sounds and translate them into electronic signals which can be further amplified.”
The electronic signals from the stethoscope can also be displayed as a phonocardiogram on any smartphone or laptop and have the advantage of contactless reading and data sharing with other medical practitioners. Ayu Devices has already reached India’s leading Hospitals like Sir JJ Hospital Mumbai, Nair Hospital Mumbai, KGMC Lucknow, GMC Amritsar, NLJP New Delhi, KEM Hospital Mumbai, Govt. Doon Medical College, spread across the West and the Northern region like Uttarakhand, Uttar Pradesh, Punjab & U.P.
Talking about the healthcare scenario in India, Mr. Adarsha K., CEO & Co-Founder of Ayu Devices Pvt. Ltd. said, “India currently requires around 88,000 cardiologists as against the current number of around 4000, adding a lot of pressure on tertiary centres. We have made a beginning with the deployment of over 4500 devices, and it is giving the local healthcare facilities the advantage of screening over 3X patients, with the added advantage of accuracy and safety for the Doctors and other Healthcare warriors. Apart from the Indian marketplace that has readily accepted our product, we shall soon be making breakthroughs in overseas markets like the UK and Europe. We foresee growth at the rate of around 20% and will soon have operations in markets like the US and the UK in the next 9 to 12 months.”
Ayu Devices has also been recognised by the Department of Science and Technology, Government of India with the CAWACH (Centre for Augmenting War with COVID-19) 2020 Award and the India Innovation Growth Programme 2019. There have also been further recognitions by FICCI (Millennium Alliance COVID Challenge 2020), the Indo-Swiss AIT held at Zurich, Switzerland, by the Swiss and Indian Government in 2018, and the Bombay Management Association also conferred Ayu Devices with the Emerging Startup Award in 2017. The Company further bagged two grants by the Government of India, the BIRAC Fastrack Fund for COVID-19 in 2020 by the Department of Biotechnology, and the Biotechnology Ignition Grant in 2017 by the BIRAC Department of Biotechnology.
With an eye on the global markets, Ayu Devices is also being incubated out of Technoplat – a global venture builder operating out of London, UK and Singapore. Technoplat is a global platform established to incubate and grow tech-based scale-ups. Technoplat focusses on strengthening the UK, Asia and the Middle East & North Africa corridor by mentoring scale-ups and talent and helping them drive innovation across the key tech sector.
