Bengaluru: NSRCEL, the startup hub at IIM Bangalore, has selected 7 early-stage healthcare startups for its final stage of the Incubation Program for Healthcare Startups, which are currently undergoing a 9-month incubation program.
The program is designed to support MVP to Commercialization stage ventures that have the potential to increase access and affordability of healthcare in India.
The structured incubation program provides support to Healthcare innovators and entrepreneurs through their ‘lab to market’ journey. With the NSRCEL healthcare incubation program, both clinicians and hospitals can engage with startups and mentor and monitor the progress of those startups which can contribute to their strategic objectives.
“The COVID-19 Outbreak was a huge wakeup call for the Indian Healthcare System, and emphasized the role of innovation to make healthcare available, accessible and affordable for the masses. As the first program at NSRCEL focused on a healthcare venture, we are excited to see the impact they create.” said Anand Sri Ganesh, COO, NSRCEL at IIM Bangalore.
“This is a first of its kind Incubation program wherein the Clinicians, Technology, Business, and healthcare industry experts together are nurturing the Ventures for the 1st time in India in a big way,” Said Dr. Prashanth R Reddy, Program Advisor Healthcare Incubation NSRCEL at IIM-B.
The Incubation Program for Healthcare Startups was launched in early 2021 and received over 300 applications from all over the country. 26 firms were shortlisted for a pre-incubation program, and from there 7 are now undergoing an intensive nine-month incubation journey with NSRCEL.
The ventures selected in this cohort are working in areas like Oncology, Neurology, mental health, HR tech for doctors, etc. During their incubation journey, they will be engaged in domain-specific support through mentors, industry experts, and investors in the Healthcare space. NSRCEL will facilitate networking & peer-learning sessions to explore synergies within and beyond the NSRCEL Startup Ecosystem.
TOP 7 Ventures under Incubation Program for Healthcare Startups are –
1. MedPiper Technologies
2. Dial4242 Ambulance Services
4. Daffodil Health
5. Onward Assist