Medical technology and services provider GE Healthcare has unveiled Edison[X], its first startup collaboration programme centred on the Edison platform.
Edison is an intelligence platform designed to achieve greater efficiency, improve patient outcomes and increase access to care. The solution can be deployed securely via cloud, Edison HealthLink or directly onto smart devices.
Consulting firm Zinnov, which specialises in digital transformation, is advising the company on the programme, an official statement said.
The programme will work with startups in India to develop solutions for the existing challenges in the healthcare industry, the statement added.
Each of the selected startups will get a zero-equity cash-in-grant of $10,000 and will have access to mentorship, skill development programmes, commercial and regulatory guidance and data provision as additional benefits.
Startups based abroad can apply for the first cohort of Edison[X] . Healthcare startups using emerging technologies like Internet of Things, Big Data, artificial intelligence (AI) and machine learning will have an advantage in the selection process, Connecticut, US-based company said.
“The healthcare industry produces massive amounts of data, and it is extremely difficult to bring this data together, convert it into meaningful insights and bring those insights to the point of care. We are addressing these challenges with our Edison platform and are working to accelerate the transformation of healthcare – but know we can’t do it alone. We strongly believe in the power of a collaborative ecosystem. Edison[X] - Startups powered by GE Healthcare will be central to the ecosystem that will harness the brainpower and energy of startups to arrive at solutions that help healthcare providers deliver precision health across the care continuum,” said Amit Phadnis, chief digital officer, GE Healthcare.
Launched in 2018, the platform enables GE Healthcare and its strategic partners to develop, deploy, manage, secure and distribute advanced applications, services and AI algorithms.