Bengaluru: GE Healthcare is accelerating the transformation of healthcare with Edison X, startup collaboration programe. The company said that it has helped five startups expand their horizons in the healthcare ecosystem in India.
The first batch of startups who were part of Cohort-1 of ‘Edison[X] – Startups powered by GE Healthcare’, featured five impressive health tech startups, each solving some of the most critical healthcare challenges including Covid-19. The startups — 5C Network, DeepTek, Orbo, Predible and Synapsica showcased their clinical solution, business model, market opportunity and projections to a virtual audience comprising of startups, investors, healthcare players and other corporates, in a virtual event recently.
Cohort-1 startups came onboard in November 2019 after an extensive evaluation process. From the 223 startups who had applied, 24 were shortlisted and finally, five startups were invited to Cohort-1. Throughout the program, GE Healthcare worked with the startups to refine their solutions, got feedback from its customers to iteratively improve the functionality of the solutions, provided commercial and regulatory guidance, access to clinical data, mentorship and skill development programs. The startups were also provided with a zero-equity cash-in-grant of USD 10000.
In six months, we were able to convert technical synergies into actual products that we are working with clients to deploy Kalyan Sivasailam, CEO, 5C Network
Nalinikanth Gollagunta, Managing Director, Wipro GE Healthcare, South Asia said, “ Each of these startups are working on areas that are extremely relevant to GE and our customers. Their game changing solutions are complementary to our offerings and address significant healthcare challenges that exist today. We are looking to offer our customers those choices and intend to partner with start-ups of Cohort-1 on relevant engagement models including taking these solutions to the market and offer them an opportunity to build scale.”