Hotline: 1800 102 2007
Search Business Opportunities
Startup 2015-05-27

Unitus Seed Fund launches Starthealth Competition for health tech start-ups

Bangaluru-based Unitus Seed Fund has initiated an exclusive strategy to woo health tech start-ups by launching a competition under which the start-ups may earn cash price of Rs10 lakhs, access to mentoring and opportunity for 50 lakhs non-dilutive capital

Unitus Seed Fund launches Starthealth Competition for health tech start-ups

India’s leading venture seed fund supporting startups innovating for the masses, Unitus Seed Fund has announced StartHealth Competition, a nationwide challenge to identify promising early-stage health-tech startups. The company is focusing primarily on the start-ups aimed on serving India’s 20 crore families living on under Rs20,000 per month.

The strategy has been adopted by Unitus to find out young talent and invest on out-of-the box ideas to serve mankind.

Elaborating on the same, Dave Richards, Managing Partner, Unitus Seed Fund said, “Technology innovation is a key factor to making better healthcare services accessible and affordable for the masses in India.” He further explained, “This competition is intended to help strengthen dozens of promising health-tech startups and to shine a spotlight on some of the best.”

The winner of the competition is expected to receive a cash prize of Rs10 lakhs. Additionally, the winner and the runner-up will get an opportunity to pitch for a direct entry to the StartHealth program, which includes receiving up to Rs50 lakhs of non-dilutive fund, support from StartHealth program partners Unitus, PATH, Pfizer, Manipal Hospitals and Narayana Health and a potential seed investment of Rs1 crore.

Open for health-tech innovators
Significantly, the competition is open for all start-up entrepreneurs who have innovative ideas to serve mankind. Innovative entrepreneurs from sectors including medical devices, diagnostics and therapeutics, mobile monitoring, online marketplaces, app-based services and enterprise management and healthcare service delivery may grab the opportunity to participate in the competition, but, the participants musthave technological innovation and increased mobile-internet penetration as the key idea.

Reportedly, the start-ups will be assessed based on factors including impact on India’s masses, leadership and team effort, apart from innovation, business model and presentation quality.

One can check the competition details from the official website of Unitus Seed Funds.

Interestingly, in early 2015, Unitus Seed Fund, Pfizer Inc., PATH, Manipal Hospitals, and Narayana Health launched StartHealth, an innovative program to provide up to Rs10 crore grants and investments to early stage start-ups, seeking to enhance access to affordable technology-driven healthcare products and services for the low-income class Indians.

Related opportunities
  • About Us: Business opportunity with one of the leading tea companies..
    Locations looking for expansion WEST BENGAL
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets 50-100
    Franchise Type Unit
  • About  THE KETTLERY (CPK Food and Beverages Pvt. Ltd.) An exclusive tea..
    Locations looking for expansion Gujarat
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 400 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Car wash / Ceramic Coating / Detailing
    Having passion and love to work on cars? Join hands..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • E-Commerce & Related
    About Us   Company Name: Ankit Enterprises Brand Name: meSleep Ventured into their..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts