Seattle and Bangalore-based, Unitus Seed Fund has announced the results of its India StartHealth Competition. Bangalore-based Research & Diagnostics Labs, OmiX Labs stands winner followed by xBITS, a company that develops cutting edge and affordable diagnostic technologies.
With this, Omix Labs will receive a prize of about $15700 (INR 10 lakhs) and pitch in Unitus’ StartHealth investment Program, that includes up to $78600 (INR 50 lakhs) of additional non-dilutive funding, an investment of up to $ 157K (INR 1 Cr) from Unitus Seed Fund and go-to-market support from StartHealth partners Narayana Health, Manipal Hospitals, PATH, Pfizer and Unitus Seed Fund.
A Vijarajan, Founder and CTO at InnAccel and a StartHealth jury member said that OmiX Labs has a great team and collaborators needed for the success of the project. “Early stage disease detection in India is still at a very nascent stage and this product has the potential to be a new standard of care for infectious disease detection,” he added.
Another jury member, K Chandrasekhar, Founder & CEO at Forus Health said that he was very impressed to see a near commercial solution coming out xBITS. This startup will soon be pitching for entry to Unitus’ StartHealth investment Program.
Let us have a look at the top 10 finalists that were selected for StartHealth Competition:
OmiX Labs: Incorporated in 2014, OmiX Labs is a Research And Diagnostics Lab that has invented a hand-held portable device for vector-borne infection diagnosis and prognosis to reduce the time and cost to detect infectious disease pathogens. This device could be deployed to the more than 1 lakh diagnostics labs across India including many small labs that currently don’t offer these type of lab services.