MedAchievers, Venture India join hands to launch a $100 million healthcare fund

NEW DELHI: In a major boost to the Indian

healthcare

sector,

MedAchievers

and

Venture India

have joined hands to launch a $100 million fund 'MedAchievers Connect'.


The fund will be primarily used in research and development, including in sports medicines.

Venture India is an initiative by former Australian cricketer Michael Kasprowicz, who is serving on the board of Australia India Council of the Department of Foreign Affairs, Australia.

"MedAchievers, in the last 4 years, have supported startups in 6 geographies including United Kingdom and Australia. With this $100 million fund, we will be supporting 15 start ups in India and through this we are looking to offer best balance between investments, innovations and implementation," says Dr Harsha Vardhan, founder MedAchievers, a platform that hosts and interacts with entrepreneurs, researcher in clinical and data science, management experts, doctors, start-ups and students.

"Australian companies see incredible opportunity in Indian healthcare market and are keen to learn from innovations happening in Indian healthcare market, while Australia can share its knowledge in sports medicine domain, which has matured in Australia," Kasprowicz said.

MedAchievers has been working since 2014 in global business healthcare space with

National Health Services

(United Kingdom), companies from Australia and Israel in creating innovative technologies supporting healthcare delivery systems in these countries. In India, MedAchievers has got over 400 hospitals onboard with over 50,000 medical doctors.

Vardhan said, the innovative technologies will be shared with these hospitals to improve healthcare delivery across India.

Commenting on the development Dr Devi Shetty, chairman and founder,

Narayana Health

said, "MedAchievers is doing a great job in providing a medium to doctors, nurses, health entrepreneurs etc and improve healthcare in India."

In order to ensure that people in remote areas too benefit from innovative technologies, MedAchievers would organize training sessions doctors, researchers and management professionals to enable quality healthcare system.