Launch Healiate 2016 – a directed innovation challenge focused on diabetes
Narayana Health, C-CAMP (The Centre for Cellular and Molecular Platforms) and Axilor Ventures have joined hands to create a ‘virtual platform’ to promote innovation and entrepreneurship in healthcare. Reportedly, the platform will enable entrepreneurs and start-ups to seek technical and business advice, access research and clinical resources, raise funding and be part of a growing community of healthcare entrepreneurs.
As their first initiative, the platform launched, Healiate, a directed innovation challenge. The challenge aims at increasing the number of experiments focused on a specific problem and directs attention to innovation possibilities through a curated set of insights.
Healiate 2016 is focused on finding innovative solutions for diabetes. The challenge is open to entrepreneurs, researchers, medical professionals, inventors and start-ups. The five winners will be eligible for a cash prize of Rs two lakhs. They will also get direct admission into Axilor’s accelerator programme or C-Camp’s incubator programme. The successful start-ups will have access to an ecosystem of partners and advisors. C-Camp and Narayana Health will provide the technical know-how, access to research and clinical facilities. The start-ups are also eligible to potential funding up to Rs 75 lakhs (through a combination of grant and seed capital). The winners will be announced in the annual symposium to be held in the last week of February 2016.