Renewable Medical Waste
I hosted a business forum at the Pasadena Convention Center. One of the speakers, Tom Bang, CEO of TrinovaMed discussed RMW (Regulated Medical Waste) – a $10B world wide market. TrinovaMed has a streamlined process that not only reduces costs, but they are also eco-friendly (low carbon footprint) and safe. One of the reasons I invited Tom at the Forum was to explore opportunities in India, where the United Nations has teamed up with the Indian Government in a $40 M pilot across five states.
Private-Public partnership is critical to address this market segment. The public component will provide the R&D funding, project opportunities, and rules for managing medical waste. The private sector, as evidenced by Tom’s company will ensure that the free market will facilitate innovation.
