Philips HealthWorks –Empowering healthcare start- ups to scale ideas to innovations that transform healthcare

 

The first Bangalore cohort reveals the top 4 start-ups on the Breakthrough Day

October 12, 2017

Bangalore, Philips HealthWorks presented their first Bangalore start-up at the Breakthrough Day in the Philips Innovation Campus. The 4 healthcare start-ups were chosen from an array of 600 start-ups. They showcased their solutions to the audience consisting of healthcare professionals, Philips leaders, leading entrepreneurs and venture capitalists.

 

 The 4 start-ups of the Bangalore cohort are: Niramai, Parentlane, Theranosis and Touchkin.  The solutions presented include non-invasive breast screening solution, an intelligent social platform that tracks a child's holistic developmental activities, a solution for monitoring Cancer treatment efficacy & clinical outcomes and an emotionally intelligent AI platform.

 

Philips HealthWorks program is a unique and intensive 12 week tailored program designed to help the start-ups build, test, de-risk and scale their idea. Apart from mentoring, the program also provides technical and business expertise, state-of-the-art technology, co-working space and advice from the top experts within the industry.

 

Speaking on the momentous occasion, Mr. Alberto Prado, Head of Philips HealthWorks said, “Tackling the biggest challenges in healthcare requires dynamic partnerships. Our world-class startup program gives startups unrivaled opportunities to make a profound difference to the lives of billions of people. The program gives access to an outstanding network of experts, investors and healthcare partners and also to our three global innovation hubs.  We are very excited about our first Bangalore cohort which is showcasing exciting solutions across a vast array of fields in Healthcare, from Data Science, Oncology, Behavioral health to Parenting.”

 

“Philips HealthWorks startup program is unique. It is customized according to the need of each start-up. We are making a dedicated effort to help start-ups in strengthening their value proposition and become successful sustainable business. We are committed towards building a supportive environment for start-ups across the world.” said Mr. Srinivas Prasad, CEO, Philips Innovation Campus, Bangalore.

 

What the start-ups say

Talking about their journey and experience with Philips HealthWorks, Dr. Shibi Kannan, Founder & CEO, Theranosis said, “There is something special about Philips HealthWorks program. Most of the Startup programs are focused on IT sector, very few of them on Healthcare sector and within that very few are focusing on technology – Philips HealthWorks addresses it via attention to both the business side and technology side of Healthcare solutions.”  Neeraj, Co-founder & CTO of Parentlane said, “Philips HealthWorks program helped us understand the big picture, identify our customers, and understand their pain-points. I especially liked the experimental designs which was an effective way to get the responses from the customers.” 

 

Powered by Philips 125 years of groundbreaking innovation, Philips HealthWorks believes that supporting invention and entrepreneurism among emerging companies is critical in furthering the cause of accessible and affordable healthcare for all in India.

For further information, please contact:

Sumathi Rao|98452 10362| Sumathi.rao@philips.com

Sushma Balu|9900794014| Sushma.Balu@philips.com

About Philips HealthWorks

Philips HealthWorks invests in, partners with and empowers entrepreneurs to turn great ideas into innovations that can transform personal health and professional healthcare worldwide. Philips HealthWorks provides unrivalled access to the capabilities of a global healthcare technology leader, from an outstanding network of experts, investors and healthcare partners to global innovation hubs and a world-class, healthcare-compliant technology platform that will help the entrepreneurs de-risk and accelerate time-to-revenue.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips' health technology portfolio generated 2016 sales of EUR 17.4 billion and employs approximately 70,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.