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November 6, 2023 : Instashield, a medical device technology startup based in Hyderabad, India, has signed a Memorandum of Understanding (MoU) with Montgomery County, Maryland, USA, to facilitate its expansion into the US market. The MoU will provide Instashield access to Montgomery County’s resources and expertise in business development, regulatory compliance, and market access.
Instashield’s flagship product is the InstaShield Device, a non-invasive, wearable device that monitors vital signs and detects early signs of critical illnesses. The device is particularly useful for patients with chronic conditions, as it can provide real-time data to healthcare providers, enabling early intervention and improved patient outcomes.
The MoU between Instashield and Montgomery County was signed during the US India SME Council’s Economic Development Trade Mission to India. The trade mission, led by Montgomery County Executive Marc Elrich, aimed to strengthen economic ties between the two regions and promote opportunities for businesses like Instashield to expand into the US market.
The MoU between Instashield and Montgomery County is a significant development for the Indian startup, providing valuable support for its expansion into the highly competitive US healthcare market. Montgomery County’s resources and expertise will be crucial for Instashield as it navigates the regulatory landscape, establishes partnerships, and builds a strong customer base in the US.
The MoU also highlights the growing interest in Indian healthcare innovations among US companies and investors. Instashield’s InstaShield Device has the potential to revolutionize patient monitoring and early disease detection, making it an attractive investment for US healthcare providers and technology companies.
Instashield’s MoU with Montgomery County marks a significant step forward in expanding into the US market. With access to Montgomery County’s resources and expertise, Instashield is well-positioned to establish itself as a leader in non-invasive medical device technology.
