Building Tomorrow’s MedTech Leaders: AMTZ’s Startup Space Expands to 1 Lakh Sq. Ft.
At the heart of this expansion is Medivalley Incubation, AMTZ’s flagship innovation hub, which already supports 150 startups and is now gearing up to double that number to 300 by FY 2026. The facility isn’t just about physical space—it’s about building a thriving ecosystem. With funding pathways through DBT-BIRAC, NITI Aayog, DPIIT, ICMR, and the Department of Pharmaceuticals, along with global tie-ups with WHO, the World Health Innovation Forum, and TiE, Medivalley is turning Vizag into a global hotspot for MedTech entrepreneurship.
“This expansion is not just about creating more space—it’s about building capacity for India’s next generation of MedTech leaders,” said Dr. Jitendra Sharma, Executive Chairman of AIC-AMTZ Medivalley and CEO of AMTZ. “We want every idea, no matter how small, to have the right ecosystem to scale into a product that impacts lives worldwide.”
The numbers back him up. In just five years, Medivalley has incubated over 150 startups, enabled 40+ research outcomes, and supported patents and technology transfers. It has also mobilized ₹60 crore in grants, including a recent ₹7 crore sanction from the Department of Pharmaceuticals.
The leadership team, headed by Dr. Dilip Kumar Chekuri, CEO of Medivalley and winner of the prestigious AAMI John D. Hughes Iconoclast Award (USA), has forged partnerships with over 150 corporates and 50 academic institutions. Recognition has followed: from being named NITI Aayog’s Best MedTech Incubator in India to winning CII’s MedTech Quality Champion (Platinum) and Best Ecosystem Enabler at AIM Congress, Dubai.
For founders, the impact is tangible. “At Medivalley, we didn’t just get incubation space—we got access to mentors, prototyping labs, and investors, all under one roof,” said Dr. Nidun Jacob of Griva Healthcare Pvt. Ltd. Another entrepreneur, Arun Kumar of Santulit Innovators Pvt. Ltd., added: “Access to AMTZ’s testing and certification facilities saved us crucial time in bringing our product to market.”
With its strategic location in a 270-acre MedTech campus, academic linkages with IIM Vizag, IIT Tirupati, and an upcoming MedTech University, plus NABL-accredited labs and ISO-certified facilities, Medivalley is more than an incubator—it’s an ecosystem builder.
As Dr. Sharma put it, this expansion is about strengthening the Make-in-India mission while positioning Vizag as a global epicenter for MedTech innovation. For India’s health-tech dreamers, the future just got a lot closer.
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