In an initiative to extend their support to the healthcare startups in the country, Narayana Health along with Mazumdar Shaw Medical Foundation have inked a memorandum of understanding (MoU) with THE GAIN, a Global accelerator and Pixel Display, a start-up company based out of South Korea.
This joint venture aims to provide assistance and a beneficial environment for the health startups in the country.
Commenting on the announcement, Dr Paul Salins, Senior Vice President, Narayana Health and Managing Director, Mazumdar Shaw Medical Foundation said, “We at Narayana Health and MSMF believe that apart from compassion, technological innovations and interventions are crucial to converting today’s expensive medical discoveries into affordable solutions. This initiative is an extension of this deep-rooted understanding. The initiative will see us extending our medical knowledge and guiding South Korean startups selected by THE GAIN. We will also be giving them access to our facilities at Narayana Nethralaya eye hospital at the Narayana Health City to thereby helping them to market validate their products.”
“Going forward we intend to expand our associations. We are looking at exploring a partnership with more accelerators as well as startups from India and abroad,” added Dr Paul Salins.
Adding to this, Poornima Shenoy, CEO, The GAIN stated, “The MoU will not only help in establishing a global IP bridge but also in enabling business exchange between start-ups in India and Korea. The initiative will mutually benefit Korean as well as Indian startups as it offers them exposure to global innovations and go-to-market strategies for India.”
As part of the partnership Pixel Display will undergo rigorous product and market validation at the Narayana Health City.
“I am extremely delighted at the opportunity. I am confident the association will not just help in evaluating the market possibilities of my product, it will also aid in improvising and making the product better. Early ophthalmologic examination before the age of 4 can cure 95% of pediatric eye diseases, but there are many cases and difficulties that children cannot get eye tested in ophthalmic clinics because younger children have hard times of cooperating with eye devices and doctors”, said Taehyeon Kwon – CEO Pixel Display.
THE GAIN is a global accelerator and pixel display, a start-up company based out of South Korea.
With this activity, the joint venture between Narayana Health and Mazumdar Shaw Medical Foundation stands up as one of the few hospital chains in the country to have extended their hands to the healthcare startups.