IIT Hyderabad incubated start-ups develop innovative healthcare technologies
The efforts of IIT Hyderabad had finally paid off, as its’ incubated start-ups in the healthcare segment have devised innovative technologies to not only save the babies suffering from physiological jaundice by giving them sufficient illumination but also other such live saving mantras, says an NDTV report.
The IIT-H incubated start-ups have developed healthcare technologies to save babies lives and help bed-bound individuals. Quoting a statement from IIT Hyderabad, the report said that HEAMAC Healthcare, a start-up, has developed a device that provides graded phototherapy so that babies suffering from physiological jaundice get sufficient illumination. An estimated 13 million infants every year are unable to process Bilirubin quickly enough and require jaundice treatment to prevent death or lifelong disability, noted the report.
Kvayat Medical, another start-up, is on a mission to improve the quality of life (QoL) of bedridden patients by building innovative products that enable them to lead dignified lives. It has developed a faecal management system, which is non-invasive, and hygienic, thereby improving the quality of life of bed-bound individuals and enabling them to lead life with dignity. The solution also has the potential to address infection rates and costs associated with them while reducing costs related to bed care, nursing and laundry.
As a part of their Fellowship, Center for Healthcare Entrepreneurship (CfHE) Kvayat Medical co-founders have spent more than 400 hours to understand this problem through interacting with patients, stakeholders in hospitals and healthcare professionals across the country, according to the report.
The Second Batch of Fellows graduating from CfHE, IIT Hyderabad, have formed two start-ups and met a jury panel to pitch their ideas during ‘Second Graduation Pitch Day 2018’ held on August 1, 2018. The start-ups that came out of the 2016-17 batch – Nemocare, which works on ending preventable neonatal and maternal deaths by developing monitoring solutions, and Beable Health, which works on intensive rehabilitation for upper limb, also interacted with the investors during the Pitch Day 2018, said the report.
The Jury panel includes top investors in healthcare area, leading healthcare practitioners from hospital networks including Kamineni and Asian Institute of Gastroenterology and academics including lead advisers from Stanford University.
Citing IIT Hyderabad, the report said that both start-ups were involved in lengthy clinical immersions over several months at leading hospitals to assess the unmet needs in the medical fraternity. They have gathered positive feedback on their proposed solutions
Prof. U.B. Desai, Director, IIT Hyderabad, lauded the start-ups and the technologies developed by them, and said the Institute is proud to incubate start-ups that are coming up with products that will have a huge impact on the society. “We are sure their ideas will have a lot of traction with Indian healthcare community. We look forward to more startups coming up with innovative products from the upcoming CfHE batches,” he added.
The Second Graduation Pitch Day 2018 is a platform to showcase the work of graduating CfHE Fellows and young entrepreneurs from IIT Hyderabad using a Pitch-to-Investor format. It is a forum to help forge new collaborations within and between the community of healthcare technologists, investors and social entrepreneurs.
Speaking about the two start-ups coming from second batch of CfHE, Dr. Renu John, Co-Head, CfHE and Head, Dept of Biomedical Engineering, IIT Hyderabad, said, “The clinical immersions of the teams at Kamineni Hospital and Asian Institute of Gastroenterology were helpful in identifying the unmet needs in Healthcare. The Bio-design process and the mentorship of various domain experts helped the fellows in successfully identifying the right scope and focus towards the development of the product.”
Dr. Anurag Mairal, Director, Global Outreach Programs, Stanford Byers Centre for Bio-design, Stanford University, told NDTV, “IIT Hyderabad’s Centre for Healthcare Entrepreneurship program has quickly become a well-structured effort with a high-quality pool of fellows and partners. The rigorous focus on the needs-focused bio-design methodology that forms the basis of the Center’s Fellowship has led to new ideas that serve the real needs of India’s healthcare system. The start-ups coming out the centre seem promising and definitely worth watching closely.”