The IIM-Ahmedabad’s technology business incubator, Centre for Innovation Incubation and Entrepreneurship (CIIE) recently launched its healthcare accelerator 2016 in partnership with The Dasra Girl Alliance. The 3-month-long programme is being launched as a part of CIIE’s Bharat Innovation Fund and is supported by C-CAMP (an initiative of Department of Biotechnology, Government of India), and InnoVen Capital. This programme aims to identify potential start-ups that are embarking on breakthrough routes towards healthcare industry’s advancements, particularly in the areas of medical devices, healthcare IT, and biotech.
Salim J Vali, vice president (Investments), CIIE said, “There is a wide gap between demand and availability of quality healthcare services and innovative entrepreneurship models will play a key role in realizing quality healthcare for all.”
The healthcare accelerator endeavours to create a positive environment for the start-ups and consequently empower the surrounding eco-system. The accelerator programme will offer mentoring and individualized guidance through its program mentors (industry experts & thought leaders) and partners. The program mentors include eminent experts such as faculty members of IIM A like K V Ramani and Piyush Sinha, Vali added.
Vali further said, “Our portfolio of start-ups with their disruptive enterprise models are bringing equitable healthcare in India. For instance, Forus Health, a CIIE supported enterprise, with its low-cost ophthalmic screening device has touched more than a million eyes in rural India and has a potential to prevent 29 million cases of preventive blindness. Our healthcare accelerator is an initiative to provide a platform to nurture such start-ups.”
The accelerator programme will culminate into a Demo Day, wherein the programme start-ups present their start-up to India’s leading investors to raise funds and build business relationships. Alongside, CIIE will also offer a seed investment commitment of up to Rs 70 lakh to start-ups (maximum of two start-ups) that will meet CIIE’s criteria of ‘investible’.