NATHEALTH partners with Well Tech to provide support to health startups
The joint initiative will provide health start-ups with access to capital, industry partnerships, and product & technology support along with helping them scale to new markets
Apex healthcare industry body NATHEALTH has announced its collaboration with global health-focused innovation platform Well Technologies Ltd (Well Tech) to support healthcare startups with access to capital & market, industry partnership, mentorship and technology development assistance. NATHEALTH, in association with Well Tech, plans to infuse seed investment of upto $ 1.5 Million.
NATHEALTH and Well Tech, a global platform for healthcare innovation, research and development signed a Memorandum of Understanding (MoU) for this collaboration and under the agreement, these two healthcare entities agreed for a joint initiative to scale up and serve millions of patients and customers. The joint initiative will provide health start-ups with access to capital, industry partnerships, and product & technology support along with helping them scale to new markets. Together, the two organizations, and their partners and members, will support startups to scale up across India and globally.
“NATHEALTH and Well Tech have agreed to form a partnership to create the future of Indian healthcare through an accelerator program that supports startups to grow and to collaborate better with Government and industry. The initiative will be supported by our members, networks, and brand. We aim to provide support to innovation through startups by leveraging Well Tech’s product and technology expertise, global network and capital partners,” said Dr Sudarshan Ballal, president, NATHEALTH.
Under the agreement, the selected start-ups will be offered funding opportunities ranging from $0.5 million-1.5 million in a year.
“Entrepreneurship and a vibrant startup eco system is an absolute necessity to compete the circle of innovation in healthcare. The NATHEALTH- Well Tech partnership is a great step in that direction and one of the several value adding initiatives of NATHEALTH to Indian and global healthcare.” said Amit Mookim who is the leader for the NATHEALTH Innovation and Entrepreneurship Track in addition to his role as managing director, South Asia IQVIA.
“The collaboration would go a long way to create a robust startup ecosystem for the healthcare sector and innovation would provide new momentum in terms of clinical outcomes, transparency, patient safety, supply-chain management and standardization of population health services with the help of new technologies, “said Siddhartha Bhattacharya, secretary-general, NATHELTH.