GE Healthcare has chosen six Indian startups as part of the first cohort of its first collaboration program, Edison[X]. The startups chosen are Synapsica, DeepTek, 5C Network, Cancer Moonshot, ORBO AI and Predible. These startups will work towards developing solutions on the Edison platform for tough healthcare challenges existing today.
“Edison[X] – Startups powered by GE Healthcare” will offer zero-equity cash-in-grant of $10,000 to each of the selected startups along with access to mentorship, skill development programs, commercial and regulatory guidance, and data provision.
In August 2019, GE Healthcare invited applications from any startup based in India or has their core development activity or team in the country. The startups working in the healthcare space and leveraging advanced technologies — internet of things (IoT) hardware, big data and advanced analytics, artificial intelligence machine learning — were preferred.
The applications received were screened through a three-stage process and the shortlisted entries were evaluated based on the strength of the business plan, maturity and how close the startups are to productizing their solution, team capabilities and relevance to defined focus areas among others, GE’s press statement said. The selected startups will collaborate with GE Healthcare leveraging the Edison platform to create solutions that improve patient outcomes and experience, efficiency of clinical practice and healthcare facilities, reduce waste and inefficiencies, and eliminate costly and harmful errors.
