Search Result for : Healthcare Sector

Sneha Gilada With 'startups' and 'venture capitalism' having become buzz words in the business environment, the government jumped onto the band wagon in 2016, and initiated a slew of measures to boost the startup ecosystem in India. One year ago, in January 2016, The 'Startup India' initiative was launched with the intent of incentivising startups through tax exemptions and funding support. A three-year tax holiday for newly founded businesses was one of the most cheered moves of Budget 2016-17. India's fiery entrepreneurial spirit has made the country the third largest breeding ground for startups in the world, after USA and England. With Budget 2017-18 fast approaching, stakeholders anticipate many more tax and non-tax sops to make the business environment more friendly for incubations. Minister of Commerce and Industry, Nirmala Sitharaman has also ...

The Dollar Business Bureau Pears Foundation of Israel is hosting a bination hackathon focusing on affordable healthcare across four cities – Hyderabad, Bengaluru, Mumbai and Tel Aviv (Israel). The 36-hour hackathon in Hyderabad will be conducted by India's largest incubator for startups T-Hub in association with its Israel counterpart. The bination hackathon is the first outcome of T-Hub’s international partnership with StarTau, Israel. This hackathon will build bridges between the innovation ecosystems of Israel and India by providing a platform for entrepreneurs and industry experts from both the countries to work together to pioneer affordable healthcare solutions, T-Hub said in a statement. Winners of the hackathon will receive a minimum cash prize of Rs.1 lakh for each sponsored challenge and a fully paid ...

The Dollar Business Bureau Mukesh Bansal, co-founder of Myntra, bagged $15 million for his start-up CureFit. This marks it as the biggest investment round in Indian start-ups this year. The group of marquee investors backing the maiden project initiated by Bansal and Ankit Nagori are IDG Ventures India, Accel Partners and Kalaari Capital. The $15 million investment round includes $3 billion invested by Bansal. The aim is to build innovative product to help customers manage their health proactively by use of technology, said Bansal, who led commerce platform of Flipkart earlier. Bansal teamed up with his former colleague Ankit Nagori and is planning to launch CureFit in early September. CureFit is an app which is likely to offer products and solutions to the customers for ...

Keeping in mind the possibility of giving a ubiquitous healthcare system, the government has emphasised the need to enable healthcare system through digital technology Deepak Kumar | The Dollar Business Presently, the government spends only 4.3% of its total expenditure on health which is 3.8% of GDP   Indian healthcare industry is likely to grow at 12% to reach $139 billion by 2017, and the country would need capital investment of Rs. 1.62 lakh crore to cater to the growing needs of its people, says a PwC report. Health represents 12.4% of GDP in Organisation for Economic Cooperation and Development (OECD) countries. However in India, it is only 4%. Medicines constitute the highest share in consumer expenditure about 64% in public and 34% in ...

 The Dollar Business Bureau India is fast emerging as a preferred healthcare destination, while the value of global medical travel industry is expected to reach US$ 32.5 billion in the next four years, say experts. According to a study conducted by FICCI (Federation of Indian Chambers of Commerce and Industry) and KPMG, the global medical travel industry was estimated at US$ 10.5 billion in 2012. And, it is expected to grow at a compounded annual growth rate of 17.9% from 2013 to reach US$ 32.5 billion in 2019. India is fast emerging as a preferred healthcare and medical destination across the globe. Growing at the rate of 27% annually, the inflow of medical tourists in India is likely to ...