USD1.6 million funding for India’s tech startups

 02-Feb-15, The Times of India

A group of healthcare entities, including Manipal Hospitals and Narayana Health, have got together with an investor to provide up to Rs 10 crore ($1.6 million) in grants and investments to early-stage startups that seek to enhance access to affordable technology-driven healthcare products and services for low-income masses in India.

Image: The Times of India

Apart from the two hospitals, the programme known as StartHealth is backed by investor Unitus Seed Fund, PATH, an international non-profit organization, and pharmaceutical major Pfizer.

"Many of the 150 healthcare 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." said said Dave Richards, managing partner of Unitus Seed Fund.

 Read the full article 

 Insights