The R&D center’s expansion strategically aligns with the objective to expand its global R&D footprint and invest in the local innovation ecosystem, the company said.
The expansion is part of the investment of around more than $350 million announced by Medtronic over a five-year period to scale up and expand the R&D facility and to employ 1500 people in future. Currently MEIC employs over 900 engineers in Hyderabad.
MEIC is also Medtronic’s largest R&D center outside the US. At 250,000 sq. ft. of total space, MEIC is going to focus on collaborative innovation, training and education, immersive experiences from the expanded space, all aimed towards shaping the future of healthcare
technology.
The new space will house a Digital Therapy & Innovation Lab, Connected Care Lab, Platform & Tech Lab, Systems Engineering Lab, Software Lab, as well as new workstations and wellness amenities for employees.
“Our R&D team in India plays a pivotal role in Medtronic’s global product development and MEIC‘s expansion marks a significant milestone in strengthening our global R&D capabilities,” said Geoff Martha, chairman and CEO, Medtronic.
“MEIC currently supports many global business units of Medtronic to provide software engineering solutions and other engineering expertise in the areas of embedded and enterprise software, product security, data engineering, systems engineering, mechanical and hardware design, and quality & regulatory,” said Divya Prakash Joshi, vice president & site leader, MEIC.
Telangana minister for IT, Industries and Commerce, D Sridhar Babu said, the state government will extend all help possible for both medical devices manufacturing and research & development in the state.
“We are thrilled to support Medtronic’s growth and look forward to their contributions in the state and country in healthcare innovation,” Babu added.
