GE Healthcare launches first startup collaboration program for its Edison platform
The program will work with startups in India to develop solutions on the Edison platform for some of the toughest healthcare challenges existing today.
Launched in November 2018, the Edison offering comprises applications focused on clinical, operational and financial outcomes; smart devices embedded with advanced intelligence to improve workflow, productivity and diagnostics; and the Edison platform. The platform enables GE Healthcare and its strategic partners to develop, deploy, manage, secure and distribute advanced applications, services and AI algorithms. Leveraging GE Healthcare’s expertise as a leading global medtech and diagnostics innovator, Edison aggregates the deep data from GE Healthcare devices with horizontal health information from across the healthcare ecosystem.
Through this program, GE Healthcare will collaborate with startups to arrive at solutions that improve patient outcomes and experience, efficiency of clinical practice and that of the healthcare facilities, reduce waste and inefficiencies, and eliminate costly and harmful errors. Any startup based out of India or has their core development activity/ team here can apply for the first cohort of Edison[X]. Startups working in the healthcare space and leveraging advanced technologies like Internet of Things, big data and advanced analytics, artificial intelligence, machine learning etc. and will have an advantage in the selection process.
The program will provide a zero-equity cash-in-grant of $10,000 to each of the selected startup. In addition, they will have access to mentorship, skill development programs, commercial and regulatory guidance, and data provision as additional benefits.
Amit Phadnis, GE Officer and Chief Digital Officer, GE Healthcare, said in a statement, “The healthcare industry produces massive amounts of data, and it is extremely difficult to bring this data together, convert it into meaningful insights and bring those insights to the point of care. We are addressing these challenges with our Edison platform and are working to accelerate the transformation of healthcare – but know we can’t do it alone. We strongly believe in the power of a collaborative ecosystem. Edison [X] - Startups powered by GE Healthcare will be central to the ecosystem that will harness the brainpower and energy of startups to arrive at solutions that help healthcare providers deliver precision health across the care continuum.”
Nalinikanth Gollagunta, Managing Director, Wipro GE Healthcare, South Asia said in a statement, “The core intent of this program is to nurture the startup ecosystem and work with them to create healthcare solutions leveraging the Edison platform and decades of GE Healthcare’s expertise. We are excited to make this platform available to India’s flourishing startup ecosystem.”