CitiusTech Partners With Sine, IIT Bombay To Set Up A Healthcare Innovation Fund

 CitiusTech, a leading provider of healthcare technology services and solutions, has announced its engagement with the Society for Innovation and Entrepreneurship (SINE), IIT Bombay. As part of its CSR initiative, CitiusTech has established a Healthcare Innovation Fund and seed early-stage healthcare startups at SINE.

The healthcare technology sector is rapidly evolving and offers significant opportunities for entrepreneurship and innovation.  CitiusTech has been collaborating with SINE since the past two years, seeding investments to boost innovations in the healthcare sector. Having extensive experience in the field, CitiusTech provides budding startups with entrepreneurial guidance and hopes to enhance its engagement with academia through this association.  Four startups have emerged out of the association so far, working across different areas of healthcare.

CitiusTech was co-founded in 2005, by Mr. Rizwan Koita, Mr. Jagdish Moorjani and Mr. Bimal Naik who are IIT Bombay alumni. IIT Bombay has a vast network of alumni across the world, many of whom are involved with SINE and CitiusTech joins this select group who have contributed to SINE and are engaging with its entrepreneurial ecosystem.

“SINE has had a very successful track record of promoting entrepreneurship amongst the IIT Bombay fraternity. Today, there are significant opportunities in enhancing healthcare globally, and we are excited to collaborate with SINE in supporting its initiative in healthcare.” said Rizwan Koita, CEO, CitiusTech. “As alumni of this distinguished institution, we consider this as an opportunity to give back and encourage the bright entrepreneurs at SINE to pursue new frontiers in healthcare.”

“SINE has many companies in the medical technology and healthcare domain. In addition to the monetary contribution, the engagement with CitiusTech will bring the corporate and organizational experience of CitiusTech to young companies.” said Ms. Poyni Bhatt, Chief Operating Officer, SINE.

About CitiusTech

CitiusTech ( is a provider of healthcare technology services and solutions to medical technology companies, providers, payers and life sciences organizations, with over 2,500 professionals worldwide. CitiusTech’s services and solutions include healthcare software development, healthcare interoperability, regulatory compliance, BI/analytics, consumer engagement, care coordination and population health management. CitiusTech helps customers accelerate innovation in healthcare through a number of solutions and accelerators for clinical quality reporting, healthcare big data, cloud computing, mobile health and predictive analytics. With cutting-edge technology expertise, world-class service quality and a global resource base, CitiusTech consistently delivers best-in-class solutions and an unmatched cost advantage to healthcare clients worldwide. 

About SINE, IIT Bombay

Society for Innovation and Entrepreneurship (SINE) is the technology business incubator hosted by IIT Bombay. The core activity of SINE is to foster entrepreneurship by helping innovators and researchers convert their ideas and technologies into commercial ventures. SINE has incubated over 80 companies since its inception.

Added on December 2, 2016 Comment

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