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FHealth Accelerator to deploy over fund worth USD 1.5 million across startups in FY23
Panaji: FHealth Accelerator on Thursday announced the launch of the first batch of its startup accelerator programme with a plan to deploy over USD 1.5 million across 8-10 companies in this fiscal.
The startup accelerator programme has been designed to support and accelerate the growth of healthcare-focused startups in their early revenue stages, it said.
"The accelerator plans to deploy over USD 1.5 million across 8-10 companies over 3 batches in FY23. The accelerator programme is backed by Vaidya Sane Ayurved Laboratories Limited, also popularly known as 'Madhavbaug', one of India's largest Ayurveda cardiac care clinics chain having a network of over 270 clinics across 7 states," said Dr Rohit Sane, founder, managing director and chief executive officer of Madhavbaug.
"The focus is on startups that work in the areas of D2C, home healthcare, telemedicine , patient-centric innovations, medtech and digital therapeutics. The accelerator is based in Mumbai, but inviting applications from all over India," he said.
Read also: Govt doctors can now form start ups, hold adjunct positions in firms
Sane said that the accelerator will back companies with capital and also provide them access to its ecosystem of doctors, patients, call centers, health CRM, marketing support, research labs, patient tech products, data and analytics.
The group's recent strategic investment into Raphacare, a digital health diagnostic care company, helped it expand user base and access Tier II & III markets, and set the tone for the launch of the accelerator.
Read also: Govt unveils single national portal BioRRAP for biotech researchers, start-ups
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751