It announced Pune-based Module Innovations, a startup that develops low-cost point of care diagnostic devices, as the winner. The startup received a cash prize of $15K (INR 10 lakh) and an opportunity to pitch for Unitus’ StartHealth investment Program that includes up to $75K (INR 50 lakhs) of non-dilutive capital and a seed investment of upto $150K (INR 2 Cr) from Unitus Seed Fund, and go-to-market support from StartHealth partners Narayana Health, Manipal Hospitals, PATH, and Pfizer.
Padma Chandrasekaran, member of Investment committee at Unitus Seed fund who was also the StartHealth jury member, said, “Module Innovations is a startup with a well-balanced team, supported by an advisory board of industry experts and a product of a leading incubator. Given their deep understanding of challenges and opportunities for point of care, rapid diagnostics for infectious diseases, they are on the right track to create innovative low-cost solutions for the masses.”
Besides, the VC firm announced two runners-up viz Theranosis LifeSciences Pvt Ltd., a diagnostic and therapy platform and Ray iCare, a startup that develops IoT-enabled device for monitoring respiratory patterns.
Let Us Have A Look At The Winners & Runner-Up
Founded In: 2014