Apollo, IBM to fund healthcare startups
February 26, 2018 | Monday | News
The fund will have a corpus between $50 million and $100 million.
Image credit- healthcareglobal.com
Apollo Hospitals has signed a Memorandum of Understanding (MoU) with IBM to help healthcare startups grow and scale up through funding.
The fund will also help in creating a better onco-diagnostics system. The fund will have a corpus between $50 million and $100 million.
Apollo Hospitals will work as an accelerator and first provide $5 million, which will then be increased to $10 million.
Apollo Hospitals will also work with IBM Watson Healthcare in artificial intelligence. Apollo has also collaborated with some other companies to share intellectual property rights (IPR).
