ICICI Securities Join Hands With IIT Kanpur To Develop Low-Cost Ventilator
The Central Ministry had sought the help of all IITs to contribute their innovations. Students at IIT-Kanpur had informed of their innovative low-cost ventilator, which may now see mass-scale production
Indian Institute of Technology, Kanpur, has collaborated with ICICI Securities for the development of a low-cost ventilator innovated by two of its students. Under the name of 'Nocca Robotics', Nikhil Kurule and Harshit Rathore have designed the prototype for the portable ventilator. Abhay Karandikar, Director, IIT-Kanpur informed about the development regarding the ventilator on a social media platform.
He said," Another corporate coming forward to join IIT Kanpur research work against Covid-19, ICICI Securities joins us as a Technology Development Partner for the development of an affordable and indigenised ventilator."
Professor Karandikar also added, "Currently, under rigorous testing, it is expected that the product will hit the market soon." He further thanked Ananthasubramaniam Murthy, Vice President Marketing, ICICI Securities and M Hariharan, Senior Vice President, ICICI Securities.
It has been reported that this easily transported ventilator will be much cheaper than other life-saving machines available in the market. The ventilator will also work as a sanitizer to keep the hospital clean and germ-free. Due to the components used in the ventilator which specifically manufactured from India, the cost of the ventilator will be only Rs 70,000 while ventilators available cost around Rs 4 lakh.
The team plans to develop around 30,000 units within the year 2020. As reported earlier, Global Engineering Simulation Company ANS has also collaborated with the esteemed institution under its CSR. The project is looked after by Professor Amitabh Bandhopadhyay, Head of Startup Innovation and Incubation Centre of IIT-K.