This article from Forbes.com reveals that there are some entrepreneurs in South Asia who are seeking to start several improvements in healthcare delivery. Read about it here:
In my research for startups by South Asian Entrepreneurs, I found a few game changing concepts driven by inspiring visions to change the face of various aspects of healthcare and our lives. These startups will change the face of much in the medical field and potentially bring out its best. The problems they solve range from building a smart card that stops losing lives due to lack of information in North America to aiming to eradicate deaths due to Anemia by 2020. One of them is backed by SBIR funding. Not only are these startups ambitious but their work seems certainly to be in line with their bold visions.
As for any good idea, it takes time for the market to accept it and for the team to establish credibility and the necessary means. Most of these startups have a great concept and are gaining sweet traction. For one credibility will be established more as the team finds better ways to communicate the effectiveness of the process behind their well promoted service.
All in all, this is an eclectic mix that is well on its way to do some good while creating and/or evolving their business models.
Startup: Biosense Technologies / Mumbai, India
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| Image Source: forbes.com |
Pitch: Biosense Technologies is a Mumbai based medical device company focused on developing and commercializing screening and diagnostic tools appropriate for the developing world. Their non-invasive, mobile “ToucHb” technology enables instant, point-of-care screening and monitoring of anemia.
Claim to fame: Needle free Anemia screening device. Aims to remove deaths due to Anemia by 2020 by democratizing healthcare (Video link of talk at TED by founder Dr. Myshkin Ingawale, a TED Fellow).
Startup: Kela Medical / Ontario, Canada
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| Image Source: forbes.com |
Pitch: … set out to revolutionize the medical records industry with a unique approach and cutting edge technology. Our approach empowers individuals to take healthcare into their own hands to ensure that they have access to their medical records at all time.
Claim to fame: Developed the first smart card that holds the patients entire medical record on it. A much needed solution that will save many lives by providing important medical information at point of care.
Startup: Imbed Biosciences / Madison, WI, USA
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| Image Source: forbes.com |
Pitch: Medical device company developing novel technologies for imbedding bioactive agents in wound dressings and surgical implants.
Claim to fame: Founder has been a Kauffman Foundation Entrepreneurial Postdoctoral Fellow in the U.S. The startup has secured SBIR funding. This is a medical device company developing novel and patent-pending technologies for imbedding bioactive agents in wound dressings and surgical implants. By leveraging its novel nanofilms platform, Imbed is revolutionizing biologic dressings to prevent wound infections and expedite wound closure.
Startup: Shapeup / Providence, Rhode Island, USA
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| Image Source: forbes.com |
Pitch: ShapeUp is a global corporate wellness company that uses social networking to make employees healthier. We make health social.
Claim to fame: Impressive traction and a strong board and investors team. Over “One Million Pounds of Weight Loss By Participants On ShapeUp’s Online Social Wellness Platform”. ShapeUp has pioneered an innovative approach to behavior change that leverages the power of social networking, gaming, coaching, and financial rewards to improve the health of large populations and reduce healthcare costs. ShapeUp’s social wellness platform covers two million lives across 90 countries and is used by more than 200 employers and health plans.
Startup: Labdoor / San Franciso CA, USA
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| Image Source: forbes.com |
Pitch: LabDoor builds report cards for the products in your medicine cabinet by providing web/mobile apps that give product safety grades for top pharmaceuticals, supplements, and cosmetics. LabDoor answers the most important questions about your products: Is it safe? Does it work? What does it cost?
Claim to fame: Covered well in a FastCoexist article with the title “The Truth About 5 Hour Energy, And All The Other Questionable Supplements You Take: A new site called LabDoor can help give you some transparency.” Another article at Gigacom .
All power to these startup teams. I hope they are able to do more meaningful work. Truthfully, I feel good covering these startups. They are and aim to do some much needed meaningful work in a conservative and siloed industry. Great going!
In a future post, I will cover some social startups that are working at the grassroots and leading from the front. The post will not be limited to South Asian founders only. If you come across any interesting social startup working at the grassroots, I would love to hear about your nominations.
Satori World Medical is a leader in medical travel with strong ties to centers of medical excellence in Asia. Follow this Twitter page page to stay up to date on the developments in the medical travel industry.
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