Telangana’s state-backed startup program T-Hub launches of its Health Tech Arcade program in partnership with Optum a health solution company. DeepTech analytics in the health sector and the arcade is focused on helping the corporates source startups that can solve challenges in the focus area of chronic and poly-chronic disease management, medical devices, digital health, diagnostic platforms.
Above 20 startups have shown their solutions and products to Optum and to other leading industry as well as investor giants such as NAH (National Health Authority), SRI Capital, Dr. Reddy’s Labs, and others.
The Arcade program right now is accepting applications, has an aim to support startups by connecting them with industry experts, including mentors, large institutional executives, hospital executives, private investors, and venture capitalists.
The startups that were selected to participate, pitch and showcase demonstrations at HealthTech Arcade are NanoHealth, Theranosis, Macero Health Solutions, Dipitr, Mapmygenome, Vihati Techno Health, Monitra, Healthcon, Welltheraupatics, and Onward Health.
Apart from pitches for new promising startups and healthcare solutions, T-Hub’s program is looking to foster a partnership between the corporates and startups to address issues of scalability of customer base, deal flow, Proof of Concept and opening new markets for health tech startups.
“Ayushman Bharat has immensely increased access to better healthcare, and it is very important that we also increase the overall quality and efficiency of the healthcare system,” said Varun Jhaveri, OSD, National Health Authority.
The Indian healthcare market is expected to be valued at $372 Bn by 2022, says Ravi Narayan, CEO, T-Hub.
T-Hub has also collaborated with Facebook, for the second edition of their India Innovation Accelerator program shortlisted 10 AI startups.
The final group of 10 AI startups has been selected from over 140 applications received from all over India.