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. | www.biospectrumindia.com 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.