GE Healthcare starts Bengaluru accelerator for startups

GE Healthcare starts Bengaluru accelerator for global startups, aims to invest $50mn

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5.8 billion. That's the number of people who need access to good quality healthcare. Partnering with Unitus Fund, Acumen, Aavishkar-Intellecap Group, and Villgro, GE Healthcare has started healthtech-focused startup accelerator five.eight.

It is the first healthcare accelerator by the $18 billion GE Healthcare division. The programme will focus on startups post Series A funding. The team is looking to fund up to $5 million per startup from GE Healthcare, for the accelerator programme.

"The idea of playing with the words five.eight is to focus on the world population that does not get access to quality healthcare and treatment procedures," says Terri Bresenham, President and CEO, GE Healthcare's Sustainable Healthcare Solutions.

The portfolio companies of the impact funds - Aavishkar-Intellecap Group, Villgro, Unitus Seed Fund, and Acumen - will be among the initial applicants of the five.eight programme.

Tricog, a Bengaluru-based healthtech startup that focuses on improving the heart attack survival rate is the first startup to be a part of the programme.
John Flannery, President and CEO, GE Healthcare says, "We are looking at companies that have a proven model and market strategy. Being in India, we will have a partial focus towards Indian startups even if it is a global accelerator."

 

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