MedAchievers partners with Venture India to launch USD 100 million healthcare funds
Published Date | 2018 October 4
In a major boost to the Indian healthcare sector, MedAchievers and Venture India have joined hands to launch a USD 100 million fund 'MedAchievers Connect'.India: Healthcare platform MedAchievers Wednesday said it has partnered with business consultancy firm Venture India to launch a USD 100 million fund 'MedAchievers Connect' to fund cutting edge research in healthcare in India. This partnership will impact significantly on the whole of healthcare industry and will be benefitted & accelerate towards a more positive growth in the foreseeable future. Venture India is an initiative by former Australian cricketer Michael Kasprowicz, who is serving on the board of Australia India Council of the Department of Foreign Affairs, Australia. "MedAchievers, in the last 4 years, have supported startups in 6 geographies including United Kingdom and Australia. With this USD 100 million fund, we will be supporting 15 startups in India and through this we are looking to offer best balance between investments, innovations and implementation,” “says Dr Harsha Vardhan, founder MedAchievers, a platform that hosts and interacts with entrepreneurs, researcher in clinical and data science, management experts, doctors, start-ups and students. The fund will be primarily used in research and development, including in sports medicines. "Australian companies see incredible opportunity in Indian healthcare market and are keen to learn from innovations happening in Indian healthcare market, while Australia can share its knowledge in sports medicine domain, which has matured in Australia," Kasprowicz said. Commenting on the development Dr. Devi Shetty, chairman and founder of Narayana Health said, "MedAchievers is doing a great job by providing a medium to doctors, nurses, health entrepreneurs and improving the arena of healthcare in India." According to BlueWeave Consulting, MedAchievers has been working since 2014 in global business healthcare space with National Health Services (United Kingdom), companies from Australia and Israel in creating innovative technologies supporting healthcare delivery systems in these countries. In India, MedAchievers has got over 400 hospitals onboard with over 50,000 medical doctors. The innovative technologies will be shared with these hospitals to improve healthcare delivery across India. In order to ensure that people in remote areas too benefit from innovative technologies, MedAchievers organize training sessions for doctors, management professionals and researchers to support quality healthcare system. The joint initiative between MedAchievers and Venture Catalysts brings the two titans of industry together. This premier ecosystem between two leading brands enables those who become involved to achieve their desired milestones in their start-up journey with unprecedented efficiency. This powerful initiative grants startups invaluable insights through unparalleled access to decision makers and investors relevant to healthcare. Thus, this partnership will impact significantly on the whole of healthcare industry and will be benefitted & accelerate towards a more positive growth in the foreseeable future.