MENTERRA IMPACT CHALLENGE – HEALTHCARE 1

Healthcare in India is plagued by the “Iron Triangle” of Access, Cost and Quality. Apart from access, one of the other major concerns, therefore, is affordability. Covid-19 has further highlighted the gaps in the system and the chasm between the urban and rural centers.

In such a scenario, Digital health technology emerges as a pivotal point in delivering value based care across the healthcare continuum in India. Adaptive intelligent solutions can help lower the barriers between hospitals and patients, improving access to care and enhancing overall patient satisfaction, particularly in tier II and III cities in India. New health technologies such as wearable tech, telemedicine, genomics, virtual reality (VR), robotics and artificial intelligence (AI) are changing the landscape of the Indian healthcare system.

At Menterra we believe that access to good healthcare not only improves the quality of life but also helps the underprivileged avoid the vicious debt and poverty cycle. To support this mission, Menterra’s investments are focused on increasing access to affordable healthcare, improving quality and better health outcomes for underserved communities and women and girls, while addressing the changing disease burden and emerging global health priorities. 20 million+ patients have received access to high-quality, affordable healthcare with the investments already made.

With this belief and investment philosophy, Menterra has announced a call for applications for the inaugural Menterra Impact Challenge – Healthcare 1, for early-stage businesses and start ups in the digital healthcare space.

Click here to Apply

ABOUT THE CHALLENGE

Access to quality healthcare remains within the hands of a select few. To bridge this growing gap, we drive change through:

Menterra Impact Challenge – Healthcare 1 is a 3 month, nation-wide challenge launched in collaboration with incubators and Indian companies to look for ideas that will strengthen the system, evolve new ideas and in the process, transform the healthcare ecosystem in India.

Through this challenge, we are looking to identify and invest in the most innovative and disruptive ideas in the digital health space including businesses using futuristic technologies such as AI, ML, Robotics, VR, AR, Big Data, Remote Monitoring etc.

These technologies are expected to predict, prevent and deliver affordable care in underserved settings for major health priorities of the country e.g., non-communicable diseases, chronic care (cancer, diabetes, cardiac care, pulmonology) etc.

The applications launch on Monday, May 16, 2022 and close on Friday, June 10, 2022. The awards announcement will take place on Monday, August 15, 2022.

FOCUS AREAS

The focus areas of this challenge are :

  • Low Resource: Innovations in low resource settings
  • Scalable: Solutions that can be deployed at scale
  • Access: Ensure increased access across  geographies
  • Affordable: Bring hitherto unaffordable solutions to the larger population

BENEFITS

Menterra will further facilitate Indian innovators by offering recognition, financial and field validation support to them required for combating the challenges of the healthcare system. The selected businesses will receive:

  • An initial investment of up to ₹3 crores in businesses by Menterra
  • Equity investment of up to ₹50 lakhs
  • Participation in an incubation program to deliver commercial milestones to unlock a larger follow-on funding from Menterra

CHALLENGE THEMES

Apply today if you’re a digital healthcare startup working to develop technologies in the space of:

On-Demand

Meeting the demand for speed and efficiency in healthcare for accessing services or purchasing products; reduce waiting times and provide better customer service, increase coverage and product accessibility, and promote business growth, all at low operational costs.

Data Driven

Building databases, enable legal and regulatory compliant exchange of critical information. Descriptive, diagnostic, predictive, and prescriptive analytics that can help healthcare organizations find ways to improve patient care, increase efficiencies, strengthen privacy protection, and adopt advanced technologies.

Virtual Reality/Augmented Reality

Virtual and Augmented Reality (VR/AR) solutions for healthcare and medicine that are able to provide high-quality assistance to doctors and medical specialists in patient treatment and educate healthcare consumers on how to better care about their health.

Internet of Things (IoT) – Devices

Transformational technologies that redefine the space of devices and people interaction and deliver actionable healthcare solutions. Disruptive applications in healthcare that benefit patients, families, physicians, hospitals and insurance companies.

Predictive Healthcare / AI/ ML/ Robotics

Artificial Intelligence and Machine Learning led technologies that help to improve workflows and operations, assist medical, diagnostic, technical and non-medical staff with repetitive tasks, supporting users in finding faster answers to inquiries, and developing innovative treatments and therapies.

Next Generation

This section is specifically for technologies and innovations that do not fall into any of the other categories and have within them both the disruptive power as well as the deep impact that we desire

The applications launch on Monday, May 16, 2022 and close on Friday, June 10, 2022. The awards announcement will take place on Monday, August 15, 2022.

WHO CAN JOIN

We’re looking for promising early-stage Indian business or start-up in the digital healthcare space:

  • With truly differentiated products, innovative technologies & business models
  • Working to increase access to quality & affordable healthcare
  • Improving health outcomes for underserved communities
  • Addressing the changing disease burden & emerging global health priorities

Challenge Partners:

Contact us:

Visit our website www.menterra.com
to know more about the challenge.

For more details write to challenges@menterra.com