Chirag Kumar’s Post

The Startup Incubation and Innovation Centre, IIT Kanpur (incubatoriitk) (SIIC) at the Indian Institute of Technology, Kanpur (IITK) has embarked on a transformative journey in #healthcare innovation through a #CorporateSocialResponsibility (CSR) partnership with Gliders India Limited, a renowned defense #PublicSectorUndertaking (PSU). This #collaboration is poised to catalyze innovation in the #healthcaresector by providing crucial financial support and mentorship to startups incubated at SIIC. These startups focus on developing cutting-edge medical technologies, #digitalhealth solutions, telemedicine applications, and innovations in #healthcare infrastructure. The alliance aims to harness the technological expertise of Indian Institute of Technology, Kanpur in tandem with Gliders India Limited's industry knowledge to address critical #healthcare challenges prevalent in India. Prof.Ankush Sharma, Professor-In-Charge of SIIC, IIT Kanpur, expressed enthusiasm about the partnership, stating, "We are excited to collaborate with Gliders India Limited. This partnership creates a robust ecosystem where our startups can leverage Gliders India's extensive industry experience to translate their innovations into tangible impact." Gliders India Limited will play a pivotal role in connecting startups with domain experts, industry resources, and market networks, thereby accelerating their growth and commercialization trajectories. The PSU's strategic support will empower these startups to navigate the intricacies of the healthcare landscape effectively. Maj Gen V K Tiwari, Chairman and Managing Director of Gliders India, highlighted the organization's commitment to societal welfare, stating, "As a responsible corporate entity, Gliders India Limited is dedicated to driving positive societal change. Partnering with SIIC allows us to harness the potential of innovation and contribute to national well-being by addressing pressing healthcare challenges." Through this collaborative endeavor, SIICA and Gliders India Limited aim to foster a culture of innovation, drive advancements in medical technology, and ultimately improve healthcare outcomes for communities across India. #News #Medlr #Healthnews #Healthcare #Health

Exciting news for HealthTech startups in India! The government has asked hospitals to share their leftover blood samples with researchers, and the Indian Council of Medical Research (ICMR) has set out guidelines to make this happen. Why This Matters? This move will lead to easier access to raw material to generate data & insights, expedite innovations and save costs for early stage startups. Also, this would lead to better collaborations between healthcare startups & hospitals. Easier Access to Data: Startups can now get their hands on real-world blood samples. This means they can develop and test new diagnostic tools and treatments more effectively. This move by the government and ICMR is definitely going to boost the healthtech sector, making India a powerhouse of medical innovation. It’s an exciting time for startups and a big win for healthcare! With these new guidelines, the future of healthtech in India looks brighter than ever. #cancerresearch #healthtech

Namit, Tushar, and I are excited to share our 2024 healthcare predictions for India (57 days into the year) here: https://lnkd.in/g6CpTePu Some highlights from the article: 1) The quantum of investments in healthcare will remain stagnant (we estimate that only ~200 healthcare start-ups were launched in India in 2023) 2) GLP-1s will become more commonplace in India. Generic manufacturers (e.g., Glenmark) are getting into the action by making Liraglutide. Other pharma companies will follow. Obesity will become the new diabetes for endocrinologists and internists, and we might see a surge of 'obesity specialists' in India. (disclaimer: we are investors in Elevate Now) 3) Growth investors will back a (very) small number of successful/scaled healthcare D2C companies that have built a brand online, become omnichannel, and hit profitability. Early-stage funding for new undifferentiated D2C healthcare brands will continue to decline/come to a halt. 4) Emergence of many AI players obviously: Increased interest in AI-first start-ups that leverage global healthcare-specific LLMs, tech giants will continue to invest in creating more powerful foundational models, leading to the usage price drop. Indian SaaS companies will look to impact admin workflows in the US (e.g., RCM, call centers, etc.), and some will build more clinical AI solutions focused on the Indian market or the global south. Building in this space or curious about our perspective? 5) The hospital gold rush will continue and strengthen this year: listed players are already trading at ~25x EBITDA multiple, healthy bed addition to lead 20%+ growth. Thanks, Inc42 Media for the coverage. W Health Ventures #vc #healthcare

The government is leading an initiative to establish incubation centers in public hospitals, fostering collaboration among startups, entrepreneurs, and medical professionals to integrate technology with public health services. In this initiative, the government is actively engaging students from prestigious institutions such as the IITs, providing them with platforms to collaborate with hospitals. Currently, AIIMS Delhi has launched such a platform, with another set to open at the Government Institute of Medical Sciences (GIMS) in Greater Noida. GIMS is home to a dedicated Center for Medical Innovation (CMI), which supports the growth of medical technology startups at various development stages. This initiative is backed by the government of Uttar Pradesh. “Government hospitals have access to a vast array of patient data. We are creating a platform where startup entrepreneurs can utilize this data for research, gain deeper insights into health issues, and develop precise medical devices or applications. The goal of the Center for Medical Innovation is to bridge the gap between technology and public health,” said Dr Rahul Amritraj, head of the CMI. The initiative aims to harness emerging technologies to effectively address public health challenges. Through collaboration and innovation, these incubation centers aspire to revolutionize healthcare delivery, enhancing accessibility, affordability, and efficacy. As part of this initiative, GIMS has launched the GIMS Startup Clinic, the first clinic of its kind for startups in a public hospital. Operating every second Tuesday of the month, this groundbreaking clinic welcomes startups nationwide, offering comprehensive services tailored to propel healthcare and medtech ventures to success. Brig Rakesh Gupta Dr Simmi Tiwari Dr. Abha Rishi Dr Manisha Acharya Satvasheel Powar Dr Nikhil Agarwal #GIMS #GovernmentInitiative #HealthcareInnovation #HealthTech #MedTech #Startups #PublicHealth #TechnologyInHealthcare #MedicalInnovation #HealthcareStartups #HospitalIncubation #InnovationInHealthcare #TechForGood #IITStudents #AIIMS #PatientCare #MedicalResearch #HealthData #PublicHospital #HealthTechStartups #AllBoutCorps

Exciting news for the future of critical care in India! Cloudphysician, a leading healthtech startup founded by Dileep Raman and Dhruv Joshi, has raised $10.5 million in a Series A funding round led by Peak XV Partners. This investment is a major boost for its mission to leverage AI for a comprehensive critical care network, aiming to significantly improve patient outcomes across India. Here's a breakdown of what this means for the healthcare landscape: 1. AI for Streamlined ICU Operations: Cloudphysician's "Smart-ICU" offering exemplifies the transforming power of AI within the healthcare landscape. This technology empowers hospitals to optimize ICU workflows, potentially leading to widespread improvements across ICUs. The promise lies in benefits like 24/7 doctor availability, enhanced nursing care quality, and standardized care protocols, all aiming to improve patient outcomes on a broader scale. 2. Expansion and Growth: The fresh capital will be used to fuel Cloudphysician's growth trajectory. They plan to enhance their AI platform (RADAR), strengthen their tech stack, and expand their footprint across India, with a focus on entering the US market as well. 3. A Promising Future for Healthcare: Cloudphysician's success story is an inspiration for aspiring healthcare entrepreneurs. Their innovative approach using AI exemplifies the transformative potential of technology to improve critical care delivery. This approach has the potential to make critical care more accessible and effective for a wider range of patients, shaping a brighter future for critical care across the landscape. This investment highlights the growing potential of the Indian healthtech sector, projected to reach a market value of $10.6 billion by 2025. Congratulations to Cloudphysician on this achievement! We're excited to see how they continue to revolutionize critical care in India and beyond. #healthcare #AI #criticalcare #healthtech #india #startup #innovation

MSMEs in India are not competing or catching up with the rapidly changing healthcare sector. In fact, they are leading the changes. They have discovered the power to act quickly and think creatively about available technology and revolutionise the availability, cost effectiveness, and efficiency of healthcare delivery. The covid-19 pandemic was a key driver of the growth in the use of telehealth and telemedicine. According to the Telemedicine Society of India , there was a 300% increase in the use of medical health digitally. Without a doubt, as MSMEs adapt to their own affordable and scalable telemedicine solutions in distant areas, the optimal use of digital communications promotes health to be privy to all in just a single click. Further, MSMEs are even innovating medical devices by making the tools affordable as well as more efficient. A case in point is the development of portable, low-cost ventilator, a product of MedTech Innovations, an MSME based in Bangalore. This device was developed in response to the ventilator shortages blamed for the deaths of many arising from the COVID-19 outbreak in rural India. These are crucial innovations for social enterprises. Last but not least, MSMEs are making tremendous strides in AI. Innovaccer, a heath tech MSME, is using AI in analysing health data, to provide predictive analytics for patient care. AI has enabled personalised and timely treatment and healthcare allowing patients to receive treatment quickly, better making their lives more valuable. HealthTech Solutions, an MSME specialising in digital health records, serves as a prime example of how small enterprises are transforming the healthcare industry. By developing a digital platform for medical records, they have ensured that patient histories are readily available to physicians anytime and anywhere, thus facilitating better treatment & patient care. MSMEs in India's healthcare sector are playing a crucial role in shaping the future of medical care. #msme #startups #indianstartups #healthcareInnovation #MSMEs _________________________________ I have been helping entrepreneurs as a ‘Debt-Strategist’ for the last 30 years.  If you are finding your debts challenging you → Book a no obligation discovery call today

🌟 Trending in HealthTech: The Future of Healthcare in India 🌟 The health tech landscape in India is experiencing rapid growth and transformation. Here are some key insights from 2024 that highlight the industry's trajectory: 1. Exponential Growth: The Indian health-tech market has doubled from $3 billion in 2020 to $7 billion in 2023 and is set to grow at an annual rate of 39% in the coming years. This boom is driven by advancements in digital health infrastructure and increasing consumer awareness https://lnkd.in/gEv8dhRZ https://lnkd.in/dDf4A_fX 2. Telemedicine Surge: The adoption of telemedicine has skyrocketed, especially during and after the COVID-19 pandemic. Government initiatives like eSanjeevani under the Ayushman Bharat scheme have made remote healthcare accessible to millions, providing a model for efficient and widespread healthcare delivery https://lnkd.in/ddei2Fiz https://lnkd.in/dDf4A_fX 3. Innovative Startups: India is home to over 10,000 health-tech startups, including notable players like Pharmeasy, Netmeds, and 1mg. These startups are pioneering solutions in telemedicine, e-pharmacy, and digital diagnostics, significantly enhancing healthcare accessibility and efficiency https://lnkd.in/ddei2Fiz https://lnkd.in/dRceWuCy 4. Investment Boom: The healthtech sector attracted private equity and venture capital investments worth nearly $1.74 billion in 2021 alone. Major investors include Accel Partners, Sequoia, and Matrix, focusing on innovative business models and scalable solutions https://lnkd.in/dRceWuCy https://lnkd.in/ddei2Fiz At e-heal India, we are excited to be part of this dynamic industry, continuously innovating to bring you the best in healthcare technology. Stay tuned for more updates and advancements as we strive to make healthcare more accessible and efficient for everyone. #HealthTech #DigitalHealth #HealthcareInnovation #eHealIndia #Telemedicine #StartupIndia #HealthcareRevolution

𝗜𝗻𝗱𝗶𝗮'𝘀 𝗘𝗠𝗥 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗺𝗶𝗿𝗿𝗼𝗿𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝘂𝗽𝘄𝗮𝗿𝗱 𝘁𝗿𝗮𝗷𝗲𝗰𝘁𝗼𝗿𝘆. 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝗨𝗦$𝟮𝟭𝟭.𝟬𝟱𝟵 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟭 𝘁𝗼 𝗨𝗦$𝟯𝟮𝟬.𝟬𝟲𝟵 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟴. 𝗱𝗶𝘀𝗽𝗹𝗮𝘆𝗶𝗻𝗴 𝗮 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟲.𝟭𝟯%. 𝗧𝗵𝗶𝘀 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗲𝘀 𝗮 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝘀𝗵𝗶𝗳𝘁 𝘄𝗶𝘁𝗵𝗶𝗻 𝘁𝗵𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 Ekacare publicly reports having over 1.5 million users. eka.care is a pioneering healthtech startup dedicated to transforming healthcare delivery and patient management through digital platform via a mobile health application designed to help users manage their personal health records and monitor their health vitals. EkaCare helps Doctors by providing a comprehensive EMR and EHR system that streamlines patient record management. Potential challenges in Indian market for eka.care. 🏅 Limited Doctors Penetration: Its very difficult in India to make indipendt clinic owners/ doctors to pay for services. 🏅 Inefficient Appointment Scheduling: The traditional process of booking medical appointments can be cumbersome and time-consuming. 🏅 Limted Adaptation: There is high competition and limited adaptation for EMR as many professionals avoid going digital in terms of transactions. Changing Habits: Convincing users to switch from traditional record-keeping methods and adopt a new app for managing health information can be challenging. Why eka.care is there, What are they solving? EkaCare is tackling several significant healthcare challenges in India, including 🔍 #Digitizing medical records 🔍 Through telemedicine services  eka.care extends healthcare reach to rural and underserved areas. 🔍 Limited Awareness and Proactive Health Management: 🔍 Ekacare allows individuals to track vital signs like heart rate, blood sugar (potentially through integration with devices) 𝗘𝗸𝗮 𝗖𝗮𝗿𝗲'𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗮𝗻𝗱 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗥𝗲𝗮𝘀𝗼𝗻𝘀 𝗳𝗼𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 Investors: eka.care boasts a diverse group of investors, including venture capital firms like Hummingbird Wealthcare (focused on early-stage Indian tech) and 3one4 Capital (interested in mobile solutions). Mirae Asset Global Investments Asset seeks high-growth companies with social impact, while Verlinvest sees eka.care's global scalability potential. Aditya Birla Ventures' investment might be strategic, aiming to integrate Eka Care with their healthcare businesses. Binny Bansal(Flipkart co-founder) Rohit M A (co-founder of Cloudnine Group of Hospitals ) Investors are likely drawn to Eka Care's potential to revolutionize India's healthcare market with innovative digital solutions. The #mHealth sector's high growth potential and Eka Care's strategic fit with investors' expertise in technology and healthcare management are key attractions. Siddhartha Nautiyal AGENDA+HEALTH Piyush Sanduja. " If you notice any discrepancies or inaccuracies, feel free to reach out"

Innovation in healthcare is crucial, and it’s time public hospitals take a leading role. For the past two years, we’ve been on a transformative journey to establish the first public hospital-based medical incubator at the Government Institute of Medical Sciences (GIMS) in Greater Noida. This pioneering incubator aims to merge clinical expertise with technological advancements to revolutionize healthcare. By integrating the knowledge of over 200 clinicians and resident doctors with innovative startups, we’re creating an ecosystem where real-world problems meet cutting-edge solutions. But the path hasn’t been easy. We’ve faced challenges in shifting perceptions, breaking down stereotypes, and building trust between healthcare professionals and innovators. Each step has required dedication and a relentless belief in our vision. Discover how we’re redefining the role of public hospitals in healthcare innovation and why this journey is about more than just technology—it’s about creating a future where patient care is revolutionized. 👉 Read the full story: https://lnkd.in/gYwT6m7d Dr Rahul Amritraj Singh GIMS Startup Hospital based Medical Incubation Gr Noida #healthcareinnovation #medicalincubator #publichealth #innovation #startups #healthcare #GIM #futureofhealthcare #startupstory

The scope and growth of #Healthtech, #Digital #therapeutics, and #medtechinnovation #meddevices in India have witnessed significant developments in the last few years. Healthtech #startups in India have been innovating and introducing new solutions to address various healthcare challenges in the country. These startups are leveraging #technologies such as #artificialintelligence, #machinelearning, and #bigdata to develop innovative #healthcare solutions. As a result, the healthcare sector in India has seen a rapid #digitization, making healthcare services more accessible and efficient. Digital therapeutics, which involves using digital technologies to treat medical conditions, have also gained traction in India. These digital solutions are being used to manage chronic diseases, #diabetes , mental health and other medical issues. This has not only improved the quality of healthcare delivery but has also helped in reducing healthcare costs for patients. However The field of Med-tech Med Devices, have seen maximum advancements in the development of cutting-edge medical devices in India. These devices are equipped with the latest technologies and are being used for diagnosis, monitoring, and treatment of various medical conditions. The market for medical devices in India has been growing steadily, with both domestic and international players investing in research and development in this sector. There has been a huge uptick in this sunrise sector with the #government giving #plischeme and maximum emphasis for Import substitution & Export Potential growth toThe Make in India for the World a Mantra. Overall, the scope and growth of Healthtech, Digital therapeutics, and Med-tech Med Devices in India have been promising in the last three years, driven by technological advancements, increasing healthcare awareness, and supportive government policies. This trend is expected to continue in the coming years, making India a prominent player in the global healthcare industry.