In the view to promote health and sanitation facility especially in the rural belts of India, several organisations have laid forward their steps to bring sustainable solutions along with solution providers, i.e innovation and technology.
Therefore introducing the same, an impact investment fund based out of Yale University Equilateral Ventures is planning to start a Health Innovation Lab in Visakhapatnam.
The lab would focus on enabling and accelerating digital health entrepreneurs, who transform health care delivery and bridge the health-wealth gap in India, Raj Gorla, founder of Equilateral Ventures and CEO of health data analytics firm, Contineo Health .
There is a need for promoting innovations that offer sustainable solutions and not just another solution provider who is using technology.
“We are exploring various options and would be meeting IT companies here for establishing the lab,” he said, adding that as a venture capitalist he was focused on digital health companies.
There is a need to change mindset. Most startups are looking at e-Commerce and are keen on creating another Flipkart. Healthcare is one area that requires technological innovations and these solutions, while making healthcare affordable, are commercially viable, he said, citing the example of Khushi Baby, a disruptive solution to maintaining immunisation records.
Healthcare products can be scaled up and customised to other developing countries, which is a huge market, he pointed out.
The Health Innovation Lab would also provide a framework on how to think about solving major healthcare and sustainable development issues facing rural India and how to scale and build revenue models around these solutions, Gorla said.