Pfizer, Manipal Hospitals & others join hands to accelerate health tech startups in India
Monday, February 2, 2015
A group of health care entities, including Manipal Hospitals and Narayana Health, have gotten together with an investor to provide up to $1.6 million in grants and investments to early-stage startups that seek to enhance access to affordable technology-driven health care products and services for low-income masses in India.
Apart from the two hospitals, the programme known as StartHealth is backed by investor Unitus Seed Fund, PATH, an international non-profit organisation, and pharmaceutical major Pfizer. “Many of the 150 health care entrepreneurs we’ve met over two years weren’t ready yet for an investment from us. With StartHealth, we can engage and invest even earlier in their development. There is a massive supply-demand gap for healthcare services in India. If you can create access and affordability, the demand is massive.
Technology can be a game-changer to enable access and affordability,” said Dave Richards, managing partner of Unitus Seed Fund.