Medi360, a cloud-based telehealth solution raises $500000 (3.5 Crore) funding from HITLAB & Unitus seed fund. The startup won the competition held at the Indian Institute of Technology, Delhi.
Medi360 integrates electronic medical records with diagnostic devices and prescription capabilities.
CEO of Medi360, Kumar Amar Jamdhiar said,“It was a great experience participating in the HITLAB World Cup as one of the finalists and we are extremely thrilled to be recognized as the winner. This provides further fuel to our motivation in the journey of making a meaningful impact to healthcare in India,”
Runners-up include MUrgency, a medical resources aggregator, Mother Diagnostics, a low-cost digital X-ray device, Mimyk Medical Simulations, an immersive medical simulation technology, and VOTIS Subdermal Imaging, a non-invasive and inexpensive technology to identify foot pathologies in diabetics. Winners will now be considered for up to USD $500,000 (INR 3.5 crore) in grants and equity funding by Unitus Seed Fund and its AmpHealth program to fund their continued work and expansion.
The HITLAB World Cup judges representing senior leadership at Unitus, HITLAB, Boston Scientific, and All India Institute of Medical Sciences (AIIMS) reviewed applications from a wide range of innovative companies working in artificial intelligence, telehealth, home health, mobile applications, and biotech devices. Entries were judged on their impact, innovation, sustainability, and feasibility.
For more than 15 years, HITLAB has helped leading organizations ideate, create, evaluate, and diffuse technology-based solutions to pressing healthcare challenges.
It has hosted the annual HITLAB World Cup Challenge since 2006.
Past innovations have ranged from a tech-enabled dynamic scoliosis brace to a voice-activated blockchain ecosystem for diabetic patients and caregivers. Winners have since raised over $50 million in follow-on investment funding and launched commercially viable products that transform lives.