Technological progress is having a profound impact on the healthcare sector by making health management easier and efficient. A startup based at Technopark Kollam, Waferchips Techno Solutions, has contributed to the drastic changes in this field by bringing out a wearable ECG device which is by far more accurate and compact than the traditional ECG
Technological progress is having a profound impact on the healthcare sector by making health management easier and efficient. A startup based at Technopark Kollam, Waferchips Techno Solutions, has contributed to the drastic changes in this field by bringing out a wearable ECG device which is by far more accurate and compact than the traditional ECG machines.
The startup, initially incubated by KSUM, forays into the field of medical technology by launching an ambulatory medical device for analysing cardiac abnormalities accurately
The brains behind the ambulatory cardiac monitory device named Biocalculus are Sonia Mohandas, CEO and her spouse Archu Vijay, CTO of Waferchips Techno Solutions. Sonia, an MTech holder, decided to start her own company while working as assistant professor at Sree Narayana Institute of Technology at Adoor. Archu, too, gave up his government job as Assistant Engineer with Kerala State Electricity Board to join the venture as the Chief Technology Officer.
“Many a times ECG readings are not accurate while assessing cardiac abnormalities. The wearable Biocalculus examines the ECG over 24 hours and uploads the data to smartphones and cloud, enabling the doctors to make very accurate assessments about the condition of the patient,” said Sonia when asked about the USP of the portable device. The device can be worn on the chest with the help of an adhesive patch. Data could be transmitted to android mobile phones through Bluetooth. The company uses Artificial Intelligence (AI) technology in the backend of the device to continuously monitor heart functioning and detect abnormalities.
Another benefit of Biocalculus is that it is more compact in comparison to other similar portable devices available in the market. “Since the device is less expensive compared to other portable machines, hospitals can attach it to the outpatients as well for a definite period of time like 24 hours,” said Sooraj Mohandas, COO, Waferchips. Once the device attached to the outpatient is brought back to the hospital, the data can be retrieved for assessment.
The company management has distributed some models to hospitals in India and Maldives for conducting trials on patients. “We are having meetings with these hospital managements at present and many of them have shown keen interest in our products,” Sooraj added.
At present India is estimated to be among the top 30 producers in the world manufacturing medical devices. According to recent studies, international market size of medical equipment manufacturing is expected to grow to $50 billion by 2025.
Waferchips Techno Solutions is also offering its service to Asianet Satellite Communication through an IoT-based remote monitoring system to detect power outage and storage in its Internet Service systems.
In 2017, Waferchips Techno Solutions along with nine other startups from India showcased their products at SLUSH, a startup event organised in Finland. The company was supported by Kerala Startup Mission (KSUM) initially. It also received funding from Bharat Petroleum Corporation Limited (BPCL) in 2018.