Earlier this year, The India Export reported that Netherlands-based Philips was in the process of creating a venture fund to invest in Indian health-tech startups. And indeed, companies such as Roche, Johnson and Johnson, Pfizer and Medtronic among others, are also scanning India for startups that align with their portfolios.

Shamik Dasgupta, vice president, emerging markets, Asia-Pacific, Medtronic, said, “There’s a lot of interesting (innovation) taking place in emerging markets and India is definitely one of the hotbeds for it.”

For the startups, this trend, albeit nascent, is an opportunity to access a bigger market, realize their innovations much faster, and learn from the biggest companies in the field, reports the Economic Times.

At least 300 health innovative startups in India offer global solutions. Among these, Curadev, AlgoSurg Product, xBITS, Virtis Bio Labs are  some companies that are exploring partnerships with multinationals to enter international markets.