Two Patents of Chitkara University in Healthcare Sector Commercialized

Supported by GoI funded NewGen IEDC at Chitkara University

A patent licensing agreement dated 28th September 2022 has been signed by and between Chitkara Innovation Incubation Foundation (CIIF) and M/S. Cutting Edge Medical Devices Private Limited, Indore (CEMD) for the patent titled ‘A Device for Monitoring Health Parameters’ having an application number 201911007068, which was filed on 22-02-2019.

Additionally, a related patent dated 16-07-2020 having an application number 202011030405 and is titled ‘Health Monitoring System for Pregnant Women and Fetus’ has also been licensed to CEMD.

Hon’ble Vice Chancellor, Dr. Archana Manti has signed the agreement for & on behalf of CIIF.

The development of proof-of-concept of these patents was supported by Chitkara University NewGen IEDC (GoI funded centres sponsored by Department of Science and Technology at Chitkara University).

As an outcome of the patent licensing agreement, CEMD has an exclusive license of the patents which shall initially be for a period of two years. The license is renewable on two-yearly basis through mutual discussions, between CEMD and Chitkara University, based on realized milestones of the commercialization of the patents.

M/s. Cutting Edge Medical Devices Private Limited (CEMD) is a med-tech start-up company from Indore, Madhya Pradesh. The company started its journey from the IIT Delhi Incubator. The company is founded by Dr. Pankaj Parashar, a Doctor who is also pursuing a Ph.D. in Biomedical Engineering from IIT Delhi. The company has been the industrial partner for development of proof-of-concept of the patents and is willing to further develop market-ready products based on the patents.