🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

ESKEYN Ventures founder pledges $9.6 million to IIT Hyderabad’s healthcare tech biz incubator

Economic TimesEconomic Times · 1y ago
ESKEYN Ventures founder pledges $9.6 million to IIT Hyderabad’s healthcare tech biz incubator
Medial

Sushant Kumar, founder of Tanushree Foundation and ESKEYN Ventures, has committed $9.6 million to the Center for Healthcare Entrepreneurship (CfHE) at IIT Hyderabad. The funding aims to support the expansion of innovation in healthcare technologies and promote the indigenisation of healthcare technology. The CfHE acts as a healthcare technology business incubator with the goal of accelerating the development and adoption of breakthrough healthcare solutions. This investment will help nurture aspiring healthcare entrepreneurs, providing them with resources, mentorship, and networking opportunities. The pledge reflects a commitment to driving positive change through innovation and entrepreneurship in healthcare.

Related News

IIMA Ventures and Google partner to boost 22 AI startups

EntrackrEntrackr · 7m ago
IIMA Ventures and Google partner to boost 22 AI startups
Medial

IIMA Ventures (formerly IIMA-CIIE) has announced its partnership with Google for Startups and launched its first cohort of AI Academy India 2024. The program aims to help early-stage startups harness Artificial Intelligence (AI) to address global challenges across sectors like healthcare, climate, agriculture, education, financial inclusion, and infrastructure. Following its launch in Gujarat, AI Academy India 2024 will also be held in six other cities across India in partnership with Kerala Startup Mission, T-Hub & MATH, IHFC-IIT Delhi, NSRCEL IIM Bangalore, SINE IIT Bombay, IIT Madras Incubation Cell, along with Nasscom AI and People+AI. Supported by MeitY Startup Hub, the first cohort includes 22 startups receiving practical training, expert mentorship, access to Google’s AI technologies, up to $350,000 in cloud credits, and opportunities to network with world-class companies. According to market research, the AI market in India is projected to reach $7.8 billion by 2025 and potentially add $500 billion to the GDP. According to IIMA Ventures, these startups are addressing diverse challenges: in education, with AI-powered ERP, LMS, and CRM systems; in climate change, with a social marketplace for electric vehicles; in fintech, with AI tools to simplify loan and insurance documents; and in healthcare, with AI-driven collaborative platforms to streamline business processes. IIMA Ventures has mentored over 7,000 founders, accelerated over 1,700 startups, provided catalytic capital to over 700 companies, and inspired over a million people with over 400 publications.

Mohandas Pai criticises omission of Bengaluru from AI Centres of Excellence; Zoho’s Sridhar Vembu responds

YourStoryYourStory · 9m ago
Mohandas Pai criticises omission of Bengaluru from AI Centres of Excellence; Zoho’s Sridhar Vembu responds
Medial

Former Infosys board member Mohandas Pai has criticized the government's decision to exclude Bengaluru, known as India's technology capital, from the list of locations for the proposed AI Centres of Excellence. The government plans to establish three AI CoEs focusing on healthcare, agriculture, and sustainable cities, with IIT Delhi, AIIMS, IIT Ropar, and IIT Kanpur leading the respective centers. Pai argues that overlooking Bengaluru disregards the city's significant contributions to the tech industry and its potential for driving AI innovation. However, Sridhar Vembu, CEO of Zoho Corporation, defended the government's decision, stating that the committee responsible for selecting the locations made the decision independently and without any government directives.

Download the medial app to read full posts, comements and news.