Tag: digital health

The FTR4H jury (see below) selected the 15 startups which will be pitching on November 15th at MEDICA Trade Fair in Düsseldorf.

Join us LIVE at MEDICA CONNECTED HEALTHCARE FORUM in hall 15, on Wednesday, 15 November from 3:00 pm to 5:00 pm during MEDICA runtime including a Get-Together.

Jury members:

  • Dr. Ashish Atreja, Chief Technology Innovation and Engagement Officer at Mount Sinai Health System (USA)
  • Dr. med. Urs-Vito Albrecht, MPH, Deputy Director (Germany)
  • Dr. Jesus del Valle, Head of Bayer Grants4Apps Accelerator (Germany)
  • Harsha Jagasia, Chief Operating Officer at Startupbootcamp Digital Health (Germany)
  • Ralf-Gordon Jahns, Managing Director at research2guidance (Germany)
  • Maren Lesche, Startup Advisor, Co-Founder YourStory Germany and Ecosystem Manager at etventure (Germany)
  • Muthu Singaram, CEO of Healthcare Technology Innovation Centre (HTIC) (India)
  • Dr. Klaus Stöckemann, Co-Founder and Managing Partner at Peppermint VenturePartners GmbH (Germany)
  • Mirko Whitfield, Head of Business Development for EMEA & Asia at SXSW (USA)
  • Tjaša Zajc, Digital Health Journalist (Slovenia)

 

Full program:

03:00 – 03:05 p.m.
Opening of the 6th MEDICA App COMPETITION
Christian Grosser, Deputy Director MEDICA

03:05 – 03:15 p.m.
The Promise of m-Health in Africa – Hope, Hype, or Hustle?
Dr. Moka Lantum, MD, MS, CEO, MicroClinic Technologies

03:15 – 03:25 p.m.
SXSW festival & MedTech – an inspiring fusion
Mirko Whitfield, International Development SXSW EMEA & Asia

03:25 – 04:35 p.m.
Live-Pitch of 15 App-based Medical Mobile Solutions
3 minutes pitch & 2 minutes Q&A each

04:35 – 04:50 p.m.
Live Deliberation of Jury & Presentation of Decision
Maren Lesche, Jury Captain MEDICA App COMPETITION

04:50 – 05:00 p.m.
Award Ceremony
Dr. med. Urs-Vito Albrecht, Group Leader PLRI MedAppLab, Hannover Medical School (MHH)

From 05:00 p.m. Reception & Drinks at US Pavilion in Hall 16
Welcome note by Joachim Schäfer, MD of Messe Düsseldorf

 

Who will be rocking the stage from 3.25 p.m. on?

  1. Air

    Air is the mobile app (available on both iOS and android) connected to our ultraportable spirometer, Air Smart, market leader in the hand-held spirometry market. The Air app allows physicians perform a spirometry test in a fraction of the time it takes to perform a spirometry test compared to desktop spirometers. More importantly, the Air app helps physicians in managing multiple patients at the same time, so that they can better prioritize their work. More: www.nuvoair.com

  2. AMBOSS Knowledge

    AMBOSS offers an interdisciplinary perspective on all medical specialties. Whether providing physicians with information to assist them in their daily routines or preparing medical students for exams, AMBOSS’ team of more than 50 physicians provide carefully curated, cross-checked and up-to-date content. More: www.miamed.de/

  3. Butterfly (Salubrious)

    Butterfly – Your Thyroid Diary is a mobile app for people with thyroid conditions in need of keeping track of a wealth of information to get the right course of treatment, including symptom and food diaries, medication schedules, and private test results. More: getbutterfly.net

  4. Clinivid (Health Care Innovate)

     

    Clinivid is a cloud-based communication platform that helps all clinicians to share patient information securely from their mobile phones and across all platforms. Clinivid has been designed by industry experts to fit clinical workflows. More: clinivid.com.au

  5. Cupris Health

    Cupris enables doctors to discuss patient cases remotely and patients to receive diagnoses and advice from doctors without having to see a doctor in person. Cupris has developed smartphone connected medical devices and a secure software communication platform (app and web platform). This reduces unnecessary and expensive face to face consultations in developed countries, and extends medical expertise to those living in remote areas in developing countries who otherwise would have no access to care. More: http://www.cupris.com/

  6. Femisphere (Onelife Health)

    Femisphere is a medically-certified, smart healthcare companion, allowing mothers-to-be to monitor their vital signs on a daily basis and providing them with medically verified advice, guidance and reassurance whenever they need. More: www.onelife.me

  7. imitoCam

    imitoCam is a system for visual capturing, documentation and communication of medical findings, special cases and the healing progress of patients‘ diseases and injuries. Photos and videos are instantly and securely stored into the hospital‘s image archive, and available in the EMR. Second opinion and feedback can easily be discussed among the team and colleagues via team chat. More: www.imito.io

  8. iSikCure

    iSikCure enables users to access healthcare by matching them to service providers who can then be paid by one of 6 ways – cash, credit card, mobile money, MedCoins, Self-help group wallet or employer wallets. Users earn MedCoins for creating a detailed medical profile, adherence to treatment, ask and sharing medical tips in the app, and for referring iSikCure to peers and family. iSikCure leverages the data in the patient records to create the best match with available providers in a given market, thus ensuring better quality of care.  More: www.isikcure.com

  9. Kaia (US)

    Mind-body therapy against back pain.The app identifies the optimal path for patients based on their individual patient journeys, directs them to the right specialist at the right time, and facilitate self help with the Kaia App. More: www.kaia-health.com

  10. LOLA

    LOLA App is a digital health & emergency assistant for mobile devices that allows users to monitor their health 24/7 and to automatically get help in case of emergency (falls, loss of consciousness, epileptic seizures). LOLA monitors health-relevant factors – pulse, sleep, step count, activity levels and occurrence of fatigue, automatically recognizes abnormal patterns (falls and epileptic seizures) and alerts the pre-defined emergency contacts by call and SMS providing GPS location information. More: www.qolware.com

  11. Medicus AI

    Medicus converts health data with its cryptic numbers and medical language into a visual experience with easy-to-understand health insights and actionable recommendations. It empowers patients to easily understand their medical and health info and see how they fit within their overall health profile. More: medicus.ai

  12. Moodpath (Aurora Health)

    Aurora Health is a Berlin-based technology company developing digital solutions to improve the detection and treatment of mental health disorders. The company’s solutions comprise of Moodpath, a consumer-friendly mobile depression screening and improvement program, and Aurora, the underlying platform to support healthcare practitioners in diagnostic, therapeutic and administrative processes. More: www.moodpath.io

  13. myAirCoach

    An app with advanced algorithms for better Asthma and COPD control, with an holistic overview of patient’s status. myAirCoach has developed a prototype click-on for patient’s inhaler that potentially improves inhaler usage by up to 70%. Observational study is already referred to by the UK based NICE standard. More: www.myair.coach

  14. RxUniverse (Rx.Health)

    Rx.Health’s flagship product, RxUniverse, is the first enterprise-based Digital Medicine delivery system that enables physicians to prescribe evidence-based mobile health applications, multi-media education, wearables, and therapeutics to patients at the point of care. More: http://rx.health

  15. Thinklabs Wave

Thinklabs Wave captures body sounds from Thinklabs One Digital Stethoscope for recording, sharing live around the bedside for a unique medical education experience, remote live sharing for telemedicine/home monitoring, uploading to cloud systems for building signal libraries for machine learning and diagnostic purposes. More: http://thinklabs.com/

… or why applying for startup competitions like MEDICA App Competition makes sense….A guest post by our Community Advisor Maren Lesche

Yes, you can plan. Yes, you can overthink. And yes, you can also embrace the opportunities that are served to you unexpectedly.

What made you interested in ehealth, people keep asking me? With a communications background, the highly regulated and very special digital health sector does not seem the first choice. My answer: unexpected opportunities pulled me in!

In 2014, I met the team of VoiceItt at a startup competition powered by Deutsche Telekom. In Krakow, Poland, we talked about crowdfunding, pitching and hurdles that a young company offering a voice-pattern recognition software for people with disability faced when entering new markets. Social entrepreneurship? A high-tech solution for people with impairment? A small team with limited funding working on a very techy product? I was hooked immediately!

What started as a small favor to present VoiceItt in Berlin, lead me to WebSummit in Dublin and Slush in Helsinki. One of my unexpected “tour stops” brought me to Düsseldorf – a very short trip! Little did I know that the “small event” at Düsseldorf will open up the world of healthcare to me: MEDICA is one of the largest and most prestigious healthcare and medtech trade fairs in the world. As a small event inside MEDICA, the Medica App Competition – MAC for short– was reaching out to very specific startups. Due to MEDICA’s close ties to the Israeli startup ecosystem, VoiceItt saw the startup competition and applied. After making the finals, the ball was in my court again: “Could you present us on stage? Nothing major! One day only” – less than 24h of networking, pitching on stage and reconnecting with old friends.

Ten awesome startups pitched two years ago. A hard battle – that VoiceItt won! Our prize: an IPad and a ticket to Mobile World Congress. Barcelona, we are coming! So one pitching event opened the doors to another stage! Selling the iPad provided the necessary travel money. A few weeks before Mobile World Congress, by accident again, I saw another event in Barcelona: A TechCrunch Meetup for startups! Anybody interested in presenting? All in? Right! I guess my communications background came in handy here: writing nice applications is as important as presenting on stage later. So yes, I used my trade to push VoiceItt to success!

I still remember this event! As one of the last startups to pitch, I had to balance on a broken wooden crate: no slides, not timer, just me and my faulty equilibrium. But yet, I could not have been that bad, since winning this small event secured VoiceItt tickets to the prestigious TechCrunch Disrupt in New York City. Again – nothing I had planned, totally unexpected!

Step by step I worked my way deeper into the ehealth startup ecosystem, became a mentor at Startupbootcamp Digital Health, did research on wearables, learned about biotech and performance materials. The following year, I joined the MEDICA App Competition as a juror, soon after that, I became Community Advisor at the newly founded ehealth think tank FTR4H, short for Future4Health, powered by MEDICA. In March 2017, FTR4H officially launched at SXSW in Austin, Texas. Since then, FTR4H has been active in Delhi, India, and Suzhou, China.

Next stop? Düsseldorf! In November 2017, I am captain of the MEDICA App Competition Jury and will get a front-row seat during the pitching event happening on November. This year the contestants can win up to 2000 Euro and tickets to SXSW 2018 – so no detour via Barcelona and New York City for them!

And did I see that coming, when VoiceItt applied at MEDICA? No! But hey, you can plan. You can overthink. But you can never know where unexpected opportunities will lead to!

PS: Application for MEDICA App Competition 2017 are still open till September 30!

Are YOU Going To Shine At MEDICA APP COMPETITION?

The world’s leading trade fair for the medical industry, taking place in Düsseldorf between 13 – 16 November 2017, is approaching fast! Did you apply for MEDICA App Competition yet?  

More than 5,100 exhibitors and 127,000 visitors are coming to MEDICA. For digital health enthusiasts, Hall 15 will be the place to be. This is where the MEDICA App competition will take place, accompanied by keynotes and a debate from experts from around the globe. Check out the program below. And if you haven’t done so yet, apply for the MEDICA App competition. The deadline is September 30th! 

Future For Health in looking forward to your company!

When: Wednesday, November 15 2017, 02:00 to 06:00 pm

Where: MEDICA fairground, hall 15, booth 15C24, CONNECTED HEALTHCARE FORUM

MEDICA Panel 2016

PROGRAM 2017

02:00 – 02:05 How Mobile, IOT, Data and AI transform Healthcare – A new platform of MEDICA Mark Wächter, FTR4H Chief Evangelist

02:05 – 02:15 Global Mobile Health App Market Report 2018 Ralf-Gordon Jahns, Managing Director research2guidance

02:15 – 02:30 Adopting Digital Healthcare Solutions in Developing Regions Muthu Singaram, CEO IIT Madras HTIC Incubator & Founder VibaZone

02:30 – 03:00 Global status in Medical Mobile Solutions (Panel Discussion) Lars Buch, Managing Director Startupbootcamp Digital Health, Tjaša Zajc, Digital Health Evangelist & Journalist, Dr. Jesus del Valle, Head of Bayer Grants4Apps Accelerator, Muthu Singaram, CEO IIT Madras HTIC Incubator & Founder VibaZone, Dr. Klaus Stöckemann, Managing Partner Peppermint Venture Partners, Moderator: Maren Lesche, Startup-Expert, Mentor and eHealth-Advisor

03:00 – 03:05 6th MEDICA App COMPETITION: Intro Christian Grosser, Deputy Director MEDICA

03:05 – 03:15 The Promise of m-Health in Africa – Hope, Hype, or Hustle? Moka Lantum, MD, PhD, MS; CEO MicroClinic Technologies

03:15 – 03:20 SXSW festival & MedTech – an inspiring fusion Mirko Whitfield, International Development SXSW EMEA & Asia

03:20 – 04:35 Live-Pitch of 15 Medical Mobile Solutions 3 minutes pitch & 2 minutes Q&A each

04:35 – 04:50 Live Deliberation of Jury & Presentation of Decision Maren Lesche, Jury Captain MEDICA App COMPETION

04:50 – 05:00 Award Ceremony Dr. med. Urs-Vito Albrecht, Group Leader PLRI MedAppLab, Hannover Medical School

05:00 – 06:00 Drinks Reception & Celebration of the Winners

The world’s leading trade fair for the medical industry will take place in Düsseldorf between 13 – 16 November 2017. 

MEDICA World Forum for Medicine in Düsseldorf has a 45 years long tradition! As a startup, there are at least three reasons why you might be interested in attending this year.

First,  there will be more than 5,100 exhibitors and 127,000 visitors there. Plenty new people to meet!

Second, to gain visibility, you can apply to the MEDICA App COMPETITION, compete for rewards, meet our experts.

FTR4H ambassadors: Dr. Hu Junhao, Entrepreneur, Mark Wächter, Entrepreneur, Dr. Ashish Atreja, Gastroenterologist & CTO at Icahn School of Medicine at Mount Sinai, Dr. Klaus Stöckemann, Venture Capitalist, Maren Lesche, Entrepreneur and Communications Manager, Muthu Singaram, Entrepreneur & Venture Capitalist, Tjasa Zajc, Journalist and Audience Developer.

The most important reward for the winner of the MEDICA App Competition is certainly the global awareness created at MEDICA as well as through MEDICA means.

What else?

  • In addition the solution ranked number 1 will be rewarded with EUR 2,000, the number 2 with EUR 1,000and the number 3 with EUR 500.
  • Our partner SXSW grants two (2) ‘SXSW 2018 Interactive badge registrations’ worth USD 1,325 per pass to the winning team for accessing the cult event SXSW 2018 in March 2018 in Austin, TX (USA).
  • Our partner Startupboothcamp (SBC) Digital Health sponsors following vouchers for the top 3 places:
    – 1st price winner gets one (1) exclusive ticket to attend SBC Masterclass in Berlin during the next SBC Health program
    – 2nd price winner gets a SBC mentoring dinner in Berlin
    – 3rd price winner gets 1 hour of SBC online mentoring

Applications are open until 30 September 2017.

Third, you can buy your spot at the MEDICA Start-Up Park.

For the first time, 20 start-ups up to 3 years old will get a chance to present themselves to the visitors throughout the duration of the fair. Don’t think twice about meeting key industry players from Siemens, Philips, Mindray, Toshiba, Compugroup Medical and many more. A pitch at MEDICA CONNECTED HEALTHCARE FORUM. is included in the price of a spot at the MEDICA Start-Up Park. More info here.

See you in November!

FTR4H LAB at MEDICA 2017

MEDICA:  Undisputedly the world’s most important trade show and gathering place for the medical industry worldwide.  Americans have long been a driving force behind both the quality and size of this event, on average featuring over 500 US-based companies occupying about 2 acres (or about 1½ US football fields!) of exhibit space at the Düsseldorf fairgrounds.

Over the past decade in particular, mobile, IoT and big data has emerged as perhaps the most revolutionizing dynamic in the medical industry marketplace, and the US med-tech industry not surprisingly continues to dominate the global landscape.  Some industry reports suggest digital health market revenues here may surpass $150 billion within the next 5-7 years.

In tandem, FTR4H FUTURE FOR HEALTH is an international platform powered by MEDICA that has risen alongside to highlight wireless and digital technologies – showcasing and exploring how digital transformation is affecting and will continue to drive important developments in the healthcare industry.

And now for the first time, the USA Pavilion at MEDICA 2017 will also feature a FTR4H LAB showcasing innovators and visionaries in this field.

The first company to join the FTR4H LAB is Westlake, Ohio based Blue Spark Technologies, Inc.  A pioneering developer of thin, flexible, printed power solutions,  Blue Spark Technologies’ latest innovation, TempTraq®, is the only Bluetooth® wearable continuous temperature monitor in the form of a soft patch that can continuously and comfortably monitor body temperature for up to 72 hours, sending real-time temperature data to a Hospital’s Nurse Monitoring Stations, EHR, and Smart Devices.  With TempTraq’s new TempTraq Connect HIPAA-complaint Cloud, it can also be used remotely and enable a hospital to monitor patients at home in real time.

TempTraq has been tested in the most demanding environments at leading hospitals including Cleveland Clinic, University Hospital’s Seidman Cancer Center and Akron Children’s Hospital and has been clinically proven to detect fever 30 – 180 minutes earlier than a 4 Hour SOC in trials with Bone Marrow Transplant Patients (Abstracts available upon request).   TempTraq is an FDA cleared Class 2 Medical Device and by November and MEDICA, the device will be CE approved and available for both Consumer and Clinical markets in Europe.

For more information about TempTraq®, plan to visit them at MEDICA 2017 – hall 16 / stand C20-6 or contact Blue Spark Technologies / VP of Sales, Mr. John Baragar jbaragar@bluesparktechnologies.com

For more information about joining the FTR4H LAB in the USA Pavilion at MEDICA 2017, contact Messe Düsseldorf North America / Sr. Business Development Manager, Mr. Ryan Klemm rklemm@mdna.com

 

China, we’re coming back!

Medical Fair China saw the successful launch of the FTR4H platform at the 2nd China Medical Innovation Forum in Suzhou from June 10 to 11 2017.

The FTR4H Talk & Lounge was a combination of an inviting meeting spot – where Startups, Corporates, VCs and other Digital Health aficionados mingled and discussed the Future for Health in a market like China – with a half-day session in the conference forum on the latest developments in Health-Tech.

FTR4H Talk & Lounge

The partners of the FTR4H Talk & Lounge covered the whole spectrum of the Digital Health Continuum. We had hospitals, researchers, startups and corporates sharing their latest products, services and ideas around how Mobile, IOT, AI and Data are  transforming the healthcare sector.

Special focus was put on elderly care with the support of digital solutions, which is a worldwide, not only Chinese challenge. Dr. Junhua Hu, CEO of DARMA INC, a Shenzhen based Digital Health Startup grown up in the famous HAX accelerator ecosystem, rocked the stage with valuable insights and a comparison of the US and Chinese markets.

Dr. Junhua Hu, CEO of DARMA INC

Sebastien Gaudin from the Shanghai based startup The CareVoice, explained, how close HealthTech and InsureTech are, with demoing the partnership with AXA on the field of a trusted and reliable platform to improve patient experience.

The highlight of our FTR4H inaguration in China was a Fire Side Chat moderated by Mr. Mobile and FTR4H Chief Evangelist, Mark Wächter. All participants agreed, that the Golden Age for Digital Health in China is just beginning.

FTR4H society will be back for sure at Medical Fair China in Suzhou in September 2018!

In the meantime, we will establish a network of digital health movers & shakers in China. We are proud that we won Junhua as our first FTR4H Ambassador in and for this unique market. He will start to extend the FTR4H society now – watch out 🙂

FTR4H is spreading its wings around the globe! After debuting at SXSW in March, we held a conference and a startup competition in India. We did quite a bit of research on the Indian market, so be sure to check all out blogposts about it!

Our next official stop is in China in June, but just before that, we are supporting an event in Ljubljana, Slovenia. The INFUSE Digital Health Networking Event for startups and experts, is taking place on May 26th in Ljubljana.

The event is organized by a medical journal Medicina danes and Technology Park Ljubljana – largest innovation ecosystem for commercialisation of knowledge and technology in SE Europe – in collaboration with the Slovenian Medtech community Healthday.si.
It is sponsored by MARAND, Bayer, MDNA, EU and SPIRIT Slovenia.

Here’s what’s on the menu:

Event moderator: Tjaša Zajc, Medicina Danes

17.00  WELCOME SPEECH; Tjaša Zajc, Journalist & conference moderator

17.15 – VIDEO: How is New Delhi hacking public health with mHealth

Q&A PANEL AND COMMENT: Where are we in eHealth compared to developing countries? What can we learn from them and each other?

mag. Katarina Kralj, Head of eHealth coordination at Ministry of Health Slovenia
Ozren Pezo, independent expert for eHealth, former Assistant Director for ICT at Croatian Health Insurance Fund HZZO

The Q&A will be moderated by Dorjan Marušič, Practicing Cardiologist, Former Member of the Expert Panel at European Commission DG for Health and Consumers (DG Sanco).

17.45 – CHIT CHAT with dr. Axel Polack: The hype around big data, genetic testing and gene modification technologies: progress or resurfacing of eugenics?

18.00 – KEYNOTE: Digital Health Trends: Forget the numbers, where is the impact?

Jesus del Valle, Head of Bayer’s Grants4Apps Accelerator

18.15 – PANEL: Rethinking the patient/customer, payment models, funding options

Dr. Jesus del Valle, Head of Bayer’s Grants4Apps Accelerator
Dr. Klaus Stöckemann, Managing Partner at Peppermint Venture Partners
Dorjan Marušič, Practicing Cardiologist, Former Member of the Expert Panel at European Commission DG for Health and Consumers (DG Sanco)
Stanislav Sirakov, Partner at LAUNCHub
Dr. Axel Polack, General Partner at the Joint Polish Investment found
Alex Farcet, Co-founder of Startupbootcamp – global network of industry focused startup accelerators

Details about the JURY MEMBERS of the Startup Competition at the INFUSE Digital Health Networking Event are available here.

19.00 – BREAK BEFORE THE “LAST CALL for Grants4Apps Startup Competition”

19.30 – STARTUP PITCH COMPETITION

20.30 – JURY DELIBERATION & AWARD CEREMONY

21.00 – NETWORKING PARTY TIME

Startups in all stages are invited to pitch at INFUSE.

It’s no secret around 80% of startups die after two years, due to lack of experience and funding. Accelerator programs get hundreds of applications and the majority of companies don’t even get a chance to present their solution in person. At INFUSE you can increase those odds.  By getting feedback from the decision makers, you can gain visibility, make new valuable contacts and increase you chances to get funding.

Three startups pitching will be chosen:

– one will get shortlisted for Startupbootcamp, which gives accepted teams mentorship and 15.000 euros,

– one will get shortlisted for Grants4Apps, which gives accepted teams mentorship and 50.000 euros,

one more developed will get a booth at MEDICA Trade Fair in Düsseldorf in November, at FTR4H Lab&Lounge in the US Pavilion!

The commercial price of a spot in the Future for Health Lab & Lounge at MEDICA is 3.000 USD. Future for Health (FTR4H) is a global Think Tank on Digital Health.

In 2010, an idea was born: to build an army of entrepreneurs to improve healthcare worldwide. That was the beginning of StartUp Health. According to their data, in five years, the organization grew to an allegiance of more than 30,000 investors, entrepreneurs and customers from all over the globe.

As is explained by its co-founder, Unity Stoakes, 4000 startups have tried to get in Startup Health so far, but only 180 have made it. What are they looking for?

10 specific problems

StartUp Health supports companies working in at least one of the so-called moonshots. (PICTURE)

 

 

Mindset

In the competitive process of choosing new entrants, the essential criterion is the mindset of the entrepreneur. They are looking for those that have a clear idea why they are doing what they are doing, who think long-term, want to work collaboratively, and are “batteries-included”.

The most important characteristics are passion, motivation, energy. “Most of the entrepreneurs we are working with are entering healthcare not because they would want to get rich, but because they – often due to personal reasons – care deeply about the problem they are solving.”

Perseverance

Are you someone who brings energy into the room or are you draining it out of the room? If you’re in the first group, you have a chance to get into StartUp Health. As emphasised by Mr. Stoakes, “this attracts customers and investors. A positive, hopeful attitude attracts other people with similar way of thinking.”

Long-term partnerships

StartUp Health is backed by Google, Amazon, Keiser Permanente, Cleveland Clinic, Allianz, SAP and other prominent corporations with which they have formed multi-year strategic relationships aimed at creating opportunities for capital and means of scaling solutions.

“We don’t believe in the model of short-term random mentorships programs,” says Mr. Stoakes, emphasizing they only want to work with partners that have a transformative mindset from the top down. These are organisations focusing on external innovation, because they understand real change comes from collaboration.

Find out more by listening to my conversation with Unity Stoakes in Medicine Today on Digital Health.

You can find, listen, subscribe, rate, follow, share the podcast in Soundcloud or in iTunes, follow news about it on Medium.

“Just creating an app does not mean you have a company. The key key question is: are you solving a problem?” These were the opening words  of Pradeep K. Jaisingh, Founder of HealthStart India, at the VC Panel at #FTR4H program at MEDICAL FAIR India in New Delhi. Panel was organised by HealthStart. The main aim was to highlight VC perspective on the digital health startups scene in India.

As said by Mr. Jaisingh, the basic background of technology needs to be that it improves the outcome. A solution needs to solve a problem and be sustainable. From the macro perspective, potential for disruptive innovation in India is big, said Mr. Jaisingh. Especially in terms of diagnostics, treatment and management of chronic diseases.

The doctor’s expectations in the near future are high. Artificial intelligence can be utilized to effectively synthesize patient information before his visit in the hospital or a doctor’s office.

What do the doctors need?

Private Equity Professional Mayur Sirdesai, Director at Somerset Indus Capital Partners, warned, the key issue in digital health technology and innovation is probability of adoption. “When a doctor has a line of patients in the waiting room, he can’t be bothered by entering data in the computer,” he mentioned. The second challenge is  payment for digital solutions. Revenue model of a startup is crucial to implementation of a solution in practice. In India, most payments are still out of pocket which might change with the development of the insurance market.

From the perspective of Shuchin Bajaj, Founder Director at Cygnus Medicare, a big potential in India is in putting more effort into medical education of other specialists and healthcare providers, apart from doctors. “We are to doctor-centric. I am a big fan of personalized medicine and “ayurveda” in that sense. These sciences look at the patient as an individual while medicine takes the patient as a dataset. Ayurveda does not treat the disease,” he said.

Needs and payments

Partha Dey, Healthcare Leader and SME at IBM India mentioned the need for more collaboration: “It is clear and we agree we need to walk together and collaborate. Technology can work as a platform and our idea is to use it to solve real life problems. We are working on longterm solutions. The first issue is always the business case. What do users need? What are they prepared to pay for? A lot of startups have ideas, but struggle with translation and implementation in practice.”

Vikram Gupta, Founder and Managing Partner at IvyCap Ventures Advisors described India as a unique market because of the payment system. “In the developed world insurance takes care of healthcare. Our environment drives behaviour. Hence healthcare consumption is different compared to the rest of the world. The opportunities here are of different nature than in other countries. One thing to look at is infrastructure. Ratio of hospitals does not match population needs.”  Huge opportunities lay in financial assistance for healthcare, concluded Vikram Gupta.

Meet our startups!

8 start-ups are present at our FTR4H lounge at MEDICAL FAIR INDIA in New Delhi. They are:

Focus 1: Children’s health

iNICU !!!WINNER OF THE #FTR4H INDIA AWARD !!!!!


iNICU stands for ‘Integrated Neonatal Intensive Care Unit’. The solution is leveraging IOT and Big Data,connecting generated source data from various devices.

iNICU is a one stop workflow solution to assimilate and disseminate neonate information. The application is designed to help improve management of all responsibilities of various professionals (Nurse, Resident Doctor, Senior Doctor, Pediatrician and Administrator) involved in the care of a baby.

growupright


A solution for an important but hitherto ignored area – Student Wellness. It helps monitor, track and control  children’s wellness in school, making it easier for parents and teachers recognize struggles of specific students. This makes it easier for the carers to find ways to help students cope with their problems easier and make most of their potentials.

Focus 2: data optimization, presentation, utilization

Vertes Cloud


Empowering transformation along enterprises in various verticals, mainly in the field of Education & Learning solutions. A mixed approach with Open Source & proprietary offerings enable institutions achieve higher levels of transformation, in much affordable way.
Abda Digital


Abda Digital (a Tech Vedika Pvt. Ltd. spin off) has been establish with vision to develop innovative products specifically for the mobile and digital space. The inception of Abda in November 2015 marked commitment to focus on product ideas that could help organizations communicate with their target audiences in the best way using less time.

Focus 3: Women’s health

Doc n me

Management software for obstetricians and gynecologists is offering End-to-End Solution to all ObGyn Practice Management Challenges. This solutions offers a new way of communication between the expecting mother,  obstetricians and gynecologists. Between visits in the doctors office, the mother can ask questions with the help of a platform.

Focus 4: Cardiology, trackers, sensors

Cardiotrack


Cardiotrack brings portability to healthcare diagnostics. Cardiotrack health sensors provide clinical grade reading for 12-lead ECG, SpO2 and blood pressure. Robust design makes Cardiotrack an ideal solution for home healthcare, tele-health, doctor’s clinic, nursing home or primary healthcare.

A3RMT

This solution is altering the delivery of critical life saving health care monitoring during emergency and preventive diagnostic capabilities. This is done at a much lower price-performance points, thanks to innovative synthesis of digital signal processing, image processing, biomedical components, algorithms, wireless and communication technologies. The first sets of solutions are in the realm of wireless remote patient monitoring.

Track my beat 


TrackMyBeat is a healthcare technology and analytics company, offering a complete health and wellness management system. It focuses on the prevention of lifestyle diseases. The subscriber can proactively manage his or her health through automated alerts. The product also highlights the efficacy of various interventions and activities in improving the user’s well-being.

  • 1
  • 2