Investment firm, Venture Factory has launched VF-Healthcare program, to accelerate seed stage startups working in healthcare domains.
It will be a three-month hands-on program for entrepreneurs to partner with in-house experts, to prove a business case and get seed-funded by Venture Factory.
To facilitate the same, Venture Factory has entered into a partnership with Practo, Cloudnine and Plan India to identify existing problems prevalent in India’s healthcare sector and to select startups that may offer solutions.
Related Article: CIIE’s Bharat Innovation Fund Announces First Close Of $100 Mn Fund
The program will include Shashank ND (co-founder of Practo), Deepam Mishra of I2India, Rohit MA (co-founder of Cloudnine Healthcare Facility) and Bhagyashri Dengle (executive director at Plan India) on board as mentors, amongst others.
As a part of the program, Venture Factory is aiming to fund up to 5 startups in the healthcare sector. It will make investments along with follow on funding ranging between $500K To $2 Mn per startup.
The investments are expected to be closed within the next six months, while scouting for entrepreneurs from varied backgrounds.
Interested startups can apply here!
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.