Monday, April 07, 2014

Indian students to present 'Nano Health' biz idea at Clinton Summit

A team of Indian students will present their business idea at a summit in New York. Five Indian students have been selected to present their idea of creating a network of local physicians and urban slum dwellers on the mobile application platform at the annual Clinton Global Initiative Summit in New York in September.

Dr. Ashish Bondia, Manish Ranjan, Ramanathan Lakshmanan, Aditi Vaish and Pranav Kumar Maranganty, all students of the Indian School of Business (ISB), Hyderabad, will present their 'Nano Health' project along with five teams from France, Spain, US and Canada to compete for the Hult Prize.

The project makes use of technology and a disruptive business model to establish local health networks and brings cost-effective healthcare to the doorstep of urban slum dwellers. The aim is to negate the impact of chronic diseases, which get aggravated due to under-diagnosis , non-standardised treatment and poor prescription adherence.

It is the first time that an Indian team will take part in the final round of this annual prize, awarded to teams which come up with ingenious solutions to the world's healthcare needs. The prize was launched by Bill Clinton in 2010.

The audience and the jury at the summit will include Nobel laureate Muhammad Yunus, heads of states and leaders in the healthcare and social entrepreneurship sector. The winners will receive a seed capital of $1 million for their social enterprise.

Elaborates Lakshmanan, a former financial service and risk management specialist, "Nano Health is a social enterprise concept that builds local physician networks for slum dwellers to tackle the rising burden of chronic disease. The initiative's aim is to ensure that a patient is monitored throughout the entire life cycle of a disease." Working extensively on urban slums, the team was exposed to various healthcare challenges that such residents face.

Maranganty, who previously worked as a technology designer, shares, "We found that the traditional ways of looking at healthcare issues — the triangle of affordability, access and quality — must be adapted to face the challenges by non-communicable diseases."

Source: The Times of India, April 7, 2014

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