GE Healthcare has launched an accelerator focused on startups creating technologies that can improve healthcare delivery in developing or low-resource settings. The company is offering as much as $5 million per startup, reports Business Wire.
John Flannery, president & CEO of GE Healthcare said, “Globally, it’s estimated that more than 5.8 billion people in the world lack access to quality, affordable healthcare. Through five.eight, our goal is to fuel the greater global health ecosystem, partnering with social impact investors and global health startups, in order to maximize impact and outcomes for populations with the greatest need.”
In India – Acumen, Aavishkaar-Intellecap Group, Unitus Seed Fund and Villgro – will be among the initial applicants for the first accelerator program. The first company signed on to join five.eight is Tricog, a Bangalore-based startup which uses cloud-connected ECG devices to improve access to quick, accurate and affordable diagnosis leading to significant mortality reduction. Through the program, GE Healthcare and each startup will focus on commercially scaling healthcare innovations for emerging economies.