Seattle and Bangalore-based Unitus Seed Fund has announced the results of its second edition of StartHealth Competition India.
The selected finalists pitched to a jury panel that included Dr. Ashwin Naik of Vaatsalya healthcare, Siraj Dhanani of InnAccel, Payal Shah of Axilor, Dr. Vivek Ahuja of PATH, Hema Hattangady of Conssul Energy, LR Narayanan of Masterkey Holdings and Dave Richards of Unitus Seed Fund.
With this, MedPrime Technologies will receive a cash prize of $15K (INR 10 lakh) and pitch in Unitus’ StartHealth investment Program that includes about $78600 (INR 50 lakhs) of additional non-dilutive funding, an investment of about $ 305K (INR 2 Cr) from Unitus Seed Fund and go-to-market support from StartHealth partners like Narayana Health, Manipal Hospitals, PATH, Pfizer and Unitus Seed Fund.
Dr. Ashwin Naik, Venture Advisor at Unitus Seed Fund and a StartHealth Competition jury member said, “MedPrime is a great example of a medtech enterprise at an early stage, which is currently incubated at a leading academic institution, and shows tremendous potential. They have an excellent team with strong understanding of the on-ground challenges and have used their understanding to focus on solving a very specific problem.”