Tata Trusts Launches National Hunt For Health Innovators

Tata Trusts today began a national search for innovators and entrepreneurs in the healthcare industry. The “Social Alpha Quest for Healthcare Innovations” program was launched to stimulate innovation to address key health problems and achieve health equity in the country, says Tata Trusts. The mission was launched along with PATH Impact Lab and Social Alpha. “This is the first national research program in India designed to address key health issues, eliminate differences and achieve the highest levels of health equity in India,” as per the statement.

“Under this program, among the various innovations, the detection and diagnosis of infectious diseases, such as HIV, tuberculosis, HCV, malaria, chikungunya, and many other will be primarily focused,” the report says. The selected start-ups will be supported by Tata Trust’s PATH Impact Lab and its mentoring network for up to 15 Months and will receive several offers, including funding up to Rs. 25 Lakh. Chief innovation officer, at Tata Trusts and CEO of Social Alpha, Manoj Kumar said, “Alpha social search for health innovation is a step towards supporting innovation journey from lab to the market.” With our partner PATH, we hope to find, support, affordable and high-quality healthcare solutions, and bring them to unjustifiable communities around the globe.

Dewan Housing Finance Corporation Limited (DHFL) and The U.S. Agency for International Development (USAID) have officially announced the signing of $10 Million loan in a move to improve the accessibility to the capital dedicated to healthcare for Tier II and Tier III cities. With this risk sharing agreement amid DHFL and USAID, housing lender will be able to offer $10 Million enterprises functioning in the healthcare sector, with key priority to the women entrepreneurs.

Edgard Kagan, a US Consul General in Mumbai, stated that the partnership amid USAID-DHFL will motivate women empowerment by prioritizing them lending.