GE Healthcare has chosen six startups as part of the first cohort of its first India-based startup collaboration programme, Edison[X]. The startups chosen are Synapsica, DeepTek, 5C Network, Cancer Moonshot, ORBO AI and Predible, many of which are working directly in the healthtech sector.
These startups will work towards developing solutions on the Edison platform for tough healthcare challenges existing today.
“Edison[X] – Startups powered by GE Healthcare” will offer zero-equity cash-in-grant of $10K to each of the selected startups along with access to mentorship, skill development programs, commercial and regulatory guidance, and data provision.
The US-headquartered medical technology company announced the launch of Edison[X] in August 2019. It invited applications from any startup based out of India or has their core development activity or team in the country. The startups working in the healthcare space and leveraging advanced technologies like internet of things (IoT) hardware, big data and advanced analytics, artificial intelligence (AI), machine learning were preferred.
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The applications received were screened through a three-stage process and the shortlisted entries were evaluated based on the strength of the business plan, maturity and how close the startups are to productising their solution, team capabilities and relevance to defined focus areas among others, GE’s press statement said.
The selected startups will collaborate with GE Healthcare leveraging the Edison platform to create solutions that improve patient outcomes and experience, efficiency of clinical practice and healthcare facilities, reduce waste and inefficiencies, and eliminate costly and harmful errors.
Source: Inc42
