Unitus Seed Fund Launch StartHealth Competition for India Health-Tech Startups
INR 10 lakhs cash prize and access to our StartHealth Investment Program & Partner Networks.
"Technology innovation is a key factor to making better healthcare services accessible and affordable for the masses in India," said Dave Richards, managing partner, Unitus Seed Fund
Unitus Seed Fund, India’s leading venture seed fund supporting startups innovating for the masses, today announced StartHealth Competition, a nationwide challenge to identify promising early-stage health-tech startups focused on serving India’s 20 crore families living on under INR 20,000 per month. The winner will receive cash prize of INR 10lakhs. Additionally, the winner and the runner-up will get an opportunity to pitch for a direct entry to our StartHealth program which includes receiving up to INR 50 lakhs of non-dilutive fund, support from StartHealth partners PATH, Pfizer, Manipal Hospitals and Narayana Health, and a potential seed investment of INR 1 crore.
The startups will be assessed based on factors including impact on the masses, leadership &team, innovation, business model, and presentation quality. Areas of particular interest include:
· Healthcare service models enabled by technology
· Healthcare diagnostic solutions leveraging on technology innovations
Sectors include medical devices, diagnostics and therapeutics with wide primary healthcare impact, mobile monitoring, online marketplaces, app-based services and enterprise management and healthcare service delivery – all spaces where technological innovation and increased mobile-internet penetration are key drivers.
“Technology innovation is a key factor to making better healthcare services accessible and affordable for the masses in India,” said Dave Richards, Managing Partner, Unitus Seed Fund. “Our healthcare partners provide an amazing resource to early-stage health-tech entrepreneurs as they prepare for bringing their innovations to market in India.”
· Startups may submit their application here starting 11th May 2015. The deadline for submission of application is 17thJune 2015
· 10 finalists will be selected to pitch to the jury on 23rd June 2015.The winner will be announced on 24th June 2015.
· The winner will receive a cash prize of INR 10 lakh.
· The winner and the runner up will be invited to pitch Unitus for up to INR 50 lakhs of non-dilutive capital, expert support from StartHealth partners and an investment of INR 1 crore.
Through this competition, we hope to reach the maximum number of entrepreneurs who are working towards addressing critical healthcare gaps using scalable and innovative technology solutions or models. Applications open on May 11, 2015.
About StartHealth Program
Unitus Seed Fund, Pfizer Inc., PATH, Manipal Hospitals and Narayana Health announced the launch of StartHealth, an innovative program to provide up to INR 10 crore (US$1.6M) in grants and investments to very early-stage startups seeking to enhance access to affordable technology-driven healthcare products and services for the low-income masses in India.
About Unitus Seed Fund
Unitus Seed Fund is a new $23 million seed-stage investment fund based in Bangalore and Seattle that invests in startups innovating for the masses in India. We help startups “prepare for growth” via seed funding, strategic & operating support, providing critical connections, and securing growth capital.
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