Apollo Hospitals will support healthcare startups with signed MoU with IBM
Apollo Hospitals has recently signed a Memorandum of Understanding (MoU) to support the growing number of healthcare startups across India, The Financial Express has reported.
With a growing fund, rising from $50mn to $100mn, the country will initially provide $5mn, which will then rise to $10mn. Running an accelerator programme will therefore enable the company to further support the emerging number of healthtech companies.
Apollo Hospital’s partnership with IBM Watson Healthcare will also see the company further its work within artificial intelligence.
Joint Managing Director Sangita Reddy explained: “We have always believed in using technology and we were the pioneers in the orthopaedic space to use advanced technology. We were also the first to introduce robotic surgery.
“We are also going to work with IBM Watson Healthcare in the artificial intelligence space. We are collaborating with few more companies where we are going to share intellectual property rights (IPR).”
The fund will also enable the development of a new onco-diagnostics system.
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The company has also worked on providing exceptional healthcare training across India and Africa. Developing a specialised training programme for paramedical staff from nine African countries, Apollo Hospital has previously trained over 100 medical doctors from 24 African countries.
The move comes as the Ministry of External Affairs, Government of India and African national governments look to further deepen ties in capacity building and training of health workers in multiple African nations.
Dr Neena Malhotra, Joint Secretary (E&SA), Ministry of External Affairs, Government of India said, “The programme will help strengthen the health systems of participating nations and it was our endeavour to expand it to other healthcare professionals.
Dr K Hariprasad, President - Hospitals Division, Apollo Hospitals Group, said, "This training program highlights the further deepening of the ties between MEA, Apollo and African Governments to strengthen healthcare human resources in the continent.
“Our commitment to the continent to strengthen its health systems, provide medical care of highest quality and partner, shoulder to shoulder in the rise of Africa remains steadfast. We hope that the training provided will benefit the health system and nationals of the delegate countries."
Birdie aims to reinvent elderly care with tech
British startup Birdie has announced it has raised £8.2 million to invest in innovation and scale up the business.
The company's announcement is timely as it follows the criticism of the UK government over their lack of a plan for social care, despite acknowledging the sector is in crisis - around a quarter of the UK's home care providers are on the brink of bankruptcy due to a lack of funds and staffing.
Birdie was born with a mission to "radically improve the lives of millions of older adults", by using app-based solutions, IoT and machine learning to put preventative care at the forefront. The company was founded by Max Parmentier, after experiencing his own frustrations with the care system - his grandfather struggled with the impact of life in a care home, but lacked any other option.
In 2017 Parmentier partnered with venture builder Kamet Ventures to set up Birdie, in a bid to fix this problem. Since then, Birdie has partnered with almost 500 providers across the UK, and supports more than 20,000 older people every week. In the past 12 months alone the number of people Birdie supports has got six times greater.
Birdie’s solution is an app to help care providers deliver more coordinated, personalised and preventative care, by giving them access to digital assessments, medication scheduling and planning tools. By using digital tools to take care of admin, staff have more time to spend with their care recipients.
The new investment will be used to fund Birdie’s next phase of growth in the UK, as the company scales to meet the rapidly growing demand of the aging population. The company will also invest in product innovation, creating new features to address customer requests.
In addition, Birdie is piloting new care models, including partnering with the NHS to identify COVID-19 symptoms, building predictive pharmacy models with AI, and helping health authorities to detect early warning signs of patients’ health risks.
Internally, Birdie is committed to having a progressive company ethos. All salaries are transparent, and staff work asynchronously to maximise flexibility and equity. Staff members also volunteer in their local community during office hours, and the company offsets all its emissions.
These efforts have led to numerous awards, including having the best SME culture in the UK, an Honorable Mention in the Health category of Fast Company’s 2021 World Changing Ideas Awards, and innovation in care at the LangBuisson awards.
“We believe the future of care for older people should be helping them to live at home for as long as possible through the delivery of personalised and preventative care" Parmentier said.
"Birdie is already the partner of choice for caregivers up and down the UK, and this new funding will help us rapidly increase the number we partner with and what we can offer them - meaning more people benefiting from more affordable, quality care. We’re proud of our mission and the values we embody to pursue it.”