SUMMARY
T-Hub's HealthTech Arcade programme is started in partnership with IT health tech company Optum
The initiative is focused on helping the corporates source startups that can solve health care challenges
The Indian healthcare market is expected to be valued at $372 Bn by 2022, T-Hub's CEO said
Telangana’s state-backed startup programme T-Hub announced the launch of its HealthTech Arcade programme in partnership with a health solution company called Optum. The arcade series is focused on helping the corporates source startups that can solve challenges in the focus area of chronic and poly-chronic disease management, digital health, medical devices, diagnostic platforms and deepTech analytics in the health sector.
The Arcade programme, which is currently accepting applications, aims to support startups by connecting them with industry experts, including mentors, large institutional executives, hospital executives, private investors and venture capitalists.
More than 20 startups have showcased their products and solutions to Optum and to other leading industry and investor giants such as National Health Authority, SRI Capital, Dr Reddy’s Labs, among others.
The startups that were shortlisted to participate, pitch and showcase demonstrations at HealthTech Arcade include Theranosis, Macero Health Solutions, NanoHealth, Dipitr, Vihati Techno Health, Mapmygenome, Monitra, Healthcon, Welltheraupatics, and Onward Health. They also benefitted by getting this opportunity to network with the prominent ecosystem players to expand their business horizons.
Besides pitches for promising new startups and healthcare solutions, T-Hub’s programme is looking to foster partnership between the corporates and startups to address issues of scalability of customer base, deal flow, Proof of Concept and opening new markets for healthtech startups.
Varun Jhaveri, OSD, National Health Authority, said, “The inception of Ayushman Bharat has greatly increased access to quality healthcare, and it is imperative that we increase the overall efficiency of the healthcare system. The landscape of Indian innovations in healthcare has drastically widened and is one of the foremost answers for increasing quality, accessibility and affordability of healthcare. I feel forums such as HealthTech Arcade do a tremendous job of bringing the government, industry, academia and startups on one platform to take forward the overall vision of mainstreaming healthcare innovations.”
Ravi Narayan, CEO, T-Hub, said, “The Indian healthcare market is expected to be valued at $372 Bn by 2022, and it’s an exciting opportunity for entrepreneurs. Our HealthTech Arcade, in partnership with Optum, will enable both startups and corporates to embrace the most innovative technologies in the healthcare space.”
Earlier this month, T-Hub had in collaboration with Facebook, shortlisted 10 artificial intelligence startups for the second edition of their India Innovation Accelerator programme.
The programme aims to support the growth of startups focused on finding solutions for social challenges using Artificial Intelligence (AI) in areas of good health and wellbeing, agriculture, clean water and sanitation, decent work and economic opportunity, industry, innovation & infrastructure, climate change, and peace and justice & strong institutions.
The final cohort of 10 AI startups has now been selected from over 140 applications received from across India.
