Future Tech 2019: New ideas from start-ups can help create efficient healthcare solutions

The first start-up meets for healthcare and life sciences companies saw the representation of different ideas for start-ups in the healthcare field in Pune. Experts expressed that technology is helping healthcare grow in many ways

 

Health-Tech

The first edition of FutureTech 2019 organised by The Indus Entrepreneurs (TiE), a non-profit organisation focused on nurturing start-ups .

The two day conference was held at MCCIA, S.B Road and the theme was ‘Shaping Tomorrow’ with smart solutions in Healthcare and Life Sciences, Financial Services, Automotive, and Disaster Management.

The second power-packed day had panels and well-known key speakers covering subjects on Fintech, Insuretech, Autotech and Healthtech sectors.

Dr Taslimarif Saiyed CEO and Director Centre for Cellular and Molecular Platforms (C-Camp) said that start-ups can play a very crucial role of translating amazing science that exists around us, take the risk of validating it and attempt to commercialise it.  It is a path that allowed globally amazing science to go to the next level. While we continue to have good science coming out from academia, start-ups provide the opportunity to translate it and take it further.

Although it may not be the only way, but start-ups may the biggest tangent to accelerate the commercialization of scientific ideas and knowledge and that will be the key to the impact of science on the society. While we see a lot of start-ups focused on technology, they have an opportunity to create a huge impact on sectors which are crucial to human life like healthcare, life sciences, agriculture.

Start-ups have an opportunity to create huge impact on sectors which are crucial to human life like healthcare, life sciences, agriculture and disaster management opined various experts.

Ramanan Laxminayaran, Founder Healthcubed Inc. said that with life expectancies increasing, people are going to look at healthy ageing and that is inevitable. That is going to require a lot of technology. As the need of healthcare grows exponentially, what healthcare providers require is a bionic arm. That can be in the form of devices, AI and other technologies and innovations which would allow doing things differently and bettering and giving more time to the doctors to interact with the patient.

The conference was spread across two days, starting with masterclasses, followed by exciting and innovative product exhibits; NTT DATA pavilion where entrepreneurs could forge collaborations with Japan and the rest of the world; KPMG Clinics for a free consultation; mentoring by TiE charter members and Networking with potential investors and luminaries in the above domains.

Ranu Vohra, Co-Founder, MD & CEO Avendus Capital, said that healthcare start-ups have been a small percentage but just like Fintech just took off, similarly on the back of the government policies, this sector will take off. Healthcare is a very broad sector with devices, diagnostic services and other services. There is a huge opportunity in data analytics, healthcare records.

Monish Darda, Co-founder and CTO Icertis said technology is helping and the cloud is enabling a lot of support functions in healthcare. Going forward, the big opportunities are two fold, first to bring technology into hospitals, clinics and consultations and second being improving prognosis and diagnosis.  Technology can help bring a reasonable level of consistency in the quality of healthcare which can benefit the people in remote areas. India is probably one of the largest and fastest-growing economies for next few years which will bring massive opportunities for start-ups in Fintech, healthcare and disaster management. Disruptions are definitely going to happen in a big way.