Hyderabad-based startup incubator T-Hub has launched HealthTech Arcade programme in partnership with a health solution company Optum.
The HealthTech Arcade programme is a part of T-Hub’s arcade series, which focuses on helping corporates find startups that can solve challenges in the focus area of chronic and poly-chronic disease management, digital health, medical devices, diagnostic platforms and deep tech analytics in the healthcare sector, according to a statement issued by T-Hub.
It also aims to support startups by connecting them with industry experts, including mentors, large institutional executives, hospital executives, private investors and venture capitalists.
Under the programme, more than 20 startups will be able to showcase their products and solutions to Optum and others like the National Health Authority, SRI Capital, Dr Reddy’s Labs, Jubilant Life Sciences, UST Global, LVPEI, Clinton Health Access Initiative, Novartis, Parampara Capital, Ventureast and Endiya Partners.
"The Indian healthcare market is expected to be valued at $372 billion by 2022, and it’s an exciting opportunity for entrepreneurs. Our HealthTech Arcade, in partnership with Optum, will enable both startups and corporates to embrace the most innovative technologies in the healthcare space,” said Ravi Narayan, chief executive officer of T-Hub.
Startups like Theranosis, Macero Health Solutions, NanoHealth, Dipitr, Vihati Techno Health, Mapmygenome, Monitra, Healthcon, Welltheraupatics and Onward Health were shortlisted to participate in HealthTech Arcade.
“The inception of Ayushman Bharat has greatly increased access to quality healthcare, and it is imperative that we increase the overall efficiency of the healthcare system,” said Varun Jhaveri, officer on special duty, National Health Authority. “The landscape of Indian innovations in healthcare has drastically widened and is one of the foremost answers for increasing quality, accessibility and affordability of healthcare. I feel forums such as HealthTech Arcade do a tremendous job of bringing the government, industry, academia and startups on one platform to take forward the overall vision of mainstreaming healthcare innovations.”
Earlier this month, T-Hub partnered with Facebook and shortlisted 10 artificial intelligence startups for the second edition of their India Innovation Accelerator programme.