What we look for in start-ups
We believe that with the emergence of the start-up ecosystem globally, incubators and early-stage accelerators are helping 1000's of start-ups kick start their entrepreneurial journey. However, for every 1000 ideas that knock the doors of incubators/early-stage accelerators, only about 500 of them get seed-funded, and out of those 500, only about 100 make it to market generating some traction, and only 50 of these have a real chance to make it big. However, not all these 50 get access to resources needed for them to scale and grow. Barely 10 of them get serious money or resources and of which 1 or 2 make it big.
This situation is even worse in the case of health tech start-ups.
We are looking for late-stage start-ups that are already seed-funded in some share & form and have good traction for their products/services, in most cases these are start-ups with 2-3 years in existence.; most importantly have the potential to scale and pivot to the next level of their maturity. Probably are at the stage of raising series funding to grow and scale, however are stuck for several reasons - lack of access to industry & markets, lack of clarity in GTM, lack of finances, lack of talent etc.
Start-ups should have a solution to a problem impacting an enormous number of users/populations irrespective of the location where they exist. We are not particular about which technology, what is important is how this is improving the life of a patient and health care ecosystem.
Should be in healthcare industry excluding pharma and life sciences with significant usage of technology
Should be solving a critical problem impacting masses
Should be in operation for at least 1 year at the time of applying
Generated good traction either in the form of revenue, customers, or established sustainable ecosystem
Should have a decent sized team in place irrespective of numbers
Should be incorporated in South Asia, South-east Asia, or the Middle East