Four Hyderabad healthcare startups make a mark

The three-day hackathon was organised by the Centre of Innovation and Entrepreneurship (CIE) at IIIT-Hyderabad and Medtech Consortiumm.

By Author  |  Business Bureau  |  Published: 3rd Jul 2018  10:07 pmUpdated: 3rd Jul 2018  10:58 pm
healthcare
Participants at the Medtech Hackathon held at CIE at IIIT- Hyderabad on Tuesday.

Hyderabad: Four Hyderabad startups — PD Access, Protect I, Physio Life and SADI – were declared winners at the Medtech Hackathon held here on Sunday.

The three-day hackathon was organised by the Centre of Innovation and Entrepreneurship (CIE) at IIIT-Hyderabad and Medtech Consortiumm. CIE is a Department of Science and Technology-approved incubator.

PD Access is a personalised monitoring app that tracks the progress of Parkinson’s disease and response to dosage of drugs based on motion tracking technology for major symptoms like tremor and rigidity. Protect I (eye) is an app developed with an objective to bring in behavioural changes by restricting the time one spends on screen. Its long-term plan is to collaborate with original equipment manufacturer and earn revenues.

Physio Life is user-friendly artificial intelIigence (AI) assistant to help with daily yoga or physiotherapy. SADI smart dispensary ensures authenticated drug delivery and near real-time predictive supply chains.

The winners will get incubation support for six months, cloud credits, seed fund support of Rs 5 lakh, opportunity to showcase their startup at CIE Demo Day and be included in the CIE MedTech Community.

Of the 70 registrations received, the top 10 ideas were selected on day one of the hackathon on June 29, based on a voting system. These 10 ideas were medtech-specific. They went through sessions by mentors and practitioners on marketing, business strategy, feasibility study, pricing among others.

On Sunday, the 10 teams were made to pitch their better shaped ideas to the jury which comprised a mix of academia, entrepreneur, practitioners from hospitals and investor.
The 54-hour hackathon was sponsored by Novartis and was executed by CIE with support from Sineflex Solutions. The objective was to inspire, encourage and facilitate entrepreneurs to bring their ideas into reality.

Ramesh Loganathan, faculty at IIITH, said, “The Medtech Hackathon is a part of our initiatives to seed new startups but is very different from supporting startups already created. Good Medtech innovation needs deep medical/life sciences insights, strong domain experience, and very good technology. The Medtech Hackathon was an attempt to get all of these to converge over the weekend, experiment with possible market ideas, get extensive mentoring from medical leaders, doctors, researchers, investors and technologists”.