BioSpectrum India Magazine November issue BioSpectrum India Magazine | Page 18

18
START UP NEWS l
BioSpectrum
|
November 2017
HealWell24 raises angel funding
HWell24 Plus Healthcare Pvt Ltd,
which operates home healthcare
aggregator under the brand
HealWell24, has raised angel
funding from three high-
net-worth individuals.
The funds were raised
from a chief information
officer
of
a
major
Indian pharmaceuticals
multinational company,
a financial and media
executive, and a member
of the oncology network in
Mumbai, ONCOTRUST.
The company, which was founded
early in May this year by Singha
and Harddik K Patel, will use
the funds to set up technology,
infrastructure, and the team.
The digital healthcare platform
provides physiotherapy, nursing
care, home ICU setup, home dental
care, palliative care, and elderly
care at home and hospitals. It also
offers post-operative care besides
collecting data
across various
therapeutic
areas
and
working with
pharmacies
and insurance
companies.
The
co-
founders also
said that the
company aims to raise $1.5-2
million in a pre-Series A round
of funding for expansion. The
company aims to expand to Delhi
and other tier II and III cities in
the next financial year starting
April 2018.
Cardiotrack collaborates with
iMMi Life for cardiac care
Cardiotrack, a health-tech start-up has now entered into a collaboration
with Chennai-based iMMi Life. The latter will be deploying Cardiotrack
at its centres. The hand-held IoT device of Cardiotrack that is driven
by Artificial Intelligence (AI), captures
clinical grade ECG data using cutting-edge
technology and ensures data portability
through smart devices. It will create an
ecosystem that provides effective and
timely diagnostic solutions to people
facing imminent heart problems.
iMMi life has a network of cardiologists
who extend their expert guidance through
a mobile app to hospitals on a 24x7 basis.
The Cardiac Advisory service of iMMi Life
enables prompt and reliable ECG interpretation during emergencies as
well as for early detection of heart risk conditions. Hence, deployment
of Cardiotrack’s easy-to-use, hand held ECG device at iMMi Life’s
client hospitals will ease the process of acquiring ECG and obtaining a
cardiologist’s opinion.
The future of better healthcare facility lies in the use of technology
that can minimize delay in diagnosis and provide real-time assistance
to patients and doctors for timely treatment. With cardiac related issues
being one of the biggest challenges facing healthcare, collaborations such
as these can provide immediate and effective solutions and change the
way healthcare delivery is done in India.
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IISc start-up turns
out a winner at
Start JLM
Medical simulation start-up
Mimyk, a spin-off from the
Indian Institute of Science
(IISc), Bengaluru, and
incubated at the Society for
Innovation and Development
(SID), has bagged the Start
JLM Delhi competition.
With this, the start-up
presented and co-founded by
Shanthanu Chakravarthy, will
head to Start JLM Jerusalem
competition to take part in a
week-long innovation boost
camp for early stage start-
ups. The competition was
organised by the Embassy
of Israel with the support of
the Department of Science
and Technology (Union
government), TiE and YES
Bank. Mimyk works on
combining haptics, design,
virtual reality (VR), and
internet-based content
delivery model for training
healthcare practitioners
with interactive medical
simulations. Virtual Reality
(VR), together with haptics,
offers a flexible and cost-
effective method for training
doctors in endoscopy
procedures.
The current focus at
Mimyk is an affordable
and immersive endoscopy
training device. The team
associates with IISc research
labs from where the core
technology was conceived.
In addition, Mimyk and
the four other finalists in
the competition have been
awarded access to start-up
incubators in India by the
DST in association with the
Zone Incubator.