Narayana Health, C-CAMP (The Centre for Cellular and Molecular Platforms) and Axilor Ventures have joined hands to create a virtual platform ‘Healiate‘ to promote innovation and entrepreneurship in healthcare. The platform will enable entrepreneurs and start-ups to seek technical and business advice, access research and clinical resources, raise funding and be part of a growing community of healthcare entrepreneurs.
Healiate is an innovation challenge which aims at increasing the number of experiments focused on a specific problem and directs attention to innovation possibilities through a curated set of insights. The Healiate 2016 is focused on finding innovative solutions for diabetes, a condition that affects more than 67 million Indians. The challenge is open to entrepreneurs, researchers, medical professionals, inventors and start-ups.
The five winners will be eligible for a cash prize of Rs. 2 lakh. They will also get direct admission into Axilor’s Accelerator programme or C-Camp’s Incubator programme. The successful start-ups will have access to an ecosystem of partners and advisors.
C-Camp and Narayana Health will provide the technical know-how, access to research and clinical facilities. The startups are also eligible to potential funding up to Rs. 75 lakh through a combination of grant and seed capital. The winners will be announced in the annual symposium in the last week of February 2016.