GE Healthcare Launches India Startup Accelerator

GE Healthcare has launched an accelerator focused on startups creating technologies that can improve healthcare delivery in developing or low-resource settings. The company is offering as much as $5 million per startup, reports Business Wire.

John Flannery, president & CEO of GE Healthcare said, “Globally, it’s estimated that more than 5.8 billion people in the world lack access to quality, affordable healthcare. Through five.eight, our goal is to fuel the greater global health ecosystem, partnering with social impact investors and global health startups, in order to maximize impact and outcomes for populations with the greatest need.”

GE Healthcare

In India – Acumen, Aavishkaar-Intellecap Group, Unitus Seed Fund and Villgro – will be among the initial applicants for the first accelerator program. The first company signed on to join five.eight is Tricog, a Bangalore-based startup which uses cloud-connected ECG devices to improve access to quick, accurate and affordable diagnosis leading to significant mortality reduction. Through the program, GE Healthcare and each startup will focus on commercially scaling healthcare innovations for emerging economies.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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