- eleventh cohort of Avishkar deeptech accelerator and fifth cohort of the OJAS Medtec accelerator
- Two AI startups Machstaaz and eSkinDoctor chosen from over 100 candidates
- Startups to get technique, enterprise and analysis mentoring
HYDERABAD, India, Jan. 20, 2021 /PRNewswire/ — CIE at IIIT Hyderabad introduced the onboarding of two startups Machstatz and eSkindoctor below Avishkar DeepTech accelerator cohort No. 11 & OJAS MedTech Accelerator cohort No. 5.
AVISHKAR deeptech is a 6-month cohort-based accelerator for rising tech startups and OJAS MedTech is an accelerator for startups in life sciences, biotechnology, diagnostics, level of care gadgets for healthcare together with chopping–edge rising applied sciences facilitated by [email protected]
The accelerator brings collectively the deeptech experience of IIITH’s analysis labs and expertise mentoring alternatives that assist startups construct high quality product/options inside shorter timelines. The startups additionally undergo a structured strategic enterprise mentoring from Co-Creation Consulting, buyer introductions and investor join for follow-on spherical of investments. Medtech startups additionally get entry to medtech consortium which incorporates clinicians, hospitals, pharma, biotech & manufacturing firms. Funding readiness of the cohort startups is a key deliverable for the 6-month programme.
Plenty of different ecosystem companions of IIITH additionally contribute in direction of the programme with enterprise growth providers and instruments. Prof Ramesh Loganathan, COO of CIE-IIITH mentioned, “Nurturing and rising early-stage tech startups has been our focus since we began CIE in 2008. Over time we’ve got had 400 startups within the incubator and about 20 in our Accelerator packages.“
For this cohort, 7 startups pitched for OJAS Accelerator and 9 startups pitched for the Deeptech accelerator. The Funding Committee panel included professors, clinicians, angel traders and different ecosystem companions.
“We’re very pleased to onboard eSkindoctor Healthtech personal Restricted, targeted on Dermatology and is utilizing Synthetic Intelligence and Deep Studying algorithms to handle the hole in availability of medical doctors by enhancing the accuracy and effectivity in triaging pores and skin situation,” says Dr. Sonali Khanra, Head OJAS Medtech BioNEST, IIIT Hyderabad.
She provides that pores and skin ailments pose vital menace to sufferers’ well-being, psychological well being, skill to perform, and social participation, a measure of incapacity outlined broadly by the WHO. Know-how interventions in early screening and prognosis in low useful resource setting in direction of delivering prime quality care are important in enhancing the burden of pores and skin ailments.
The Worldwide Institute of Data Know-how, Hyderabad (IIITH) is an autonomous analysis college based in 1998 that focuses on the core areas of Data Know-how, corresponding to Laptop Science, Electronics and Communications, and their purposes in different domains by way of inter-disciplinary analysis with nice social impression. A few of its analysis domains embody Cognitive Science, Visible Data Applied sciences, Human Language Applied sciences, Knowledge Engineering, VLSI and Embedded Methods, Laptop Structure, Wi-fi Communications, Algorithms and Data Safety, Robotics, Constructing Science, Earthquake Engineering, Computational Pure Sciences and Bioinformatics, IT in Agriculture and e-Governance.
Centre For Innovation & Entrepreneurship (CIE-IIITH):
[email protected], also called CIE (Centre of Innovation and Entrepreneurship) is a DST accepted incubator operational since 2008. [email protected] has to this point supported round 400 startups and has seed- funded 19 startups, 80% of that are money constructive. [email protected] was additionally instrumental being the kiln of the initiatives that culminated into the inspiration of T-Hub. Together with developments in AVISHKAR, OJAS medtech, [email protected] can also be specializing in turning a brand new leaf when it comes to infrastructure services, programmes and startup engagements focusing in direction of constructing a deeptech startup ecosystem. New working areas are launched, seed funding programmes, structured workshops and mentoring alternatives and expertise switch facilitation are additionally being deployed now.
OJAS BioNEST @ CIE-IIIT Hyderabad was based in 2018 with a assist by DBT-BIRAC. OJAS- BioNEST helps firms constructing merchandise on the intersection of expertise and medication in areas corresponding to illness prevention, detection, prognosis, remedy, monitoring, and wellness. OJAS welcomes entrepreneurs engaged on futuristic, daring and revolutionary concepts, harnessing digital applied sciences in healthcare observe.
Machstatz gives finish to finish resolution in Industrial IoT. They use synthetic intelligence and machine studying algorithms to offer predictive and course of analytics options to manufacturing industries. Their options are being applied in manufacturing industries which will increase manufacturing effectivity, reduces downtime of commercial machines and eliminates defects in actual time. Machstatz gives Good gadgets together with Connectivity, Communication, Software program Analytics, Dashboarding and reporting as a way to present an entire resolution to its prospects.
Began in 2017 by the founders Sameer Patnaik, Pruthviraj Subudhi & Srikant Gupta the startup has gained traction rapidly with buying prospects in industries like Iron & Metal, Chemical, Glass, Textile and Automotive. Machstatz makes use of versatile fashions, confirmed diagnostic devices, refined software program and unmatched analytic experience to ship sustainable, scalable and value efficient based mostly upkeep and monitoring packages that guarantee industrial asset availability, serving to to maximise runtime productiveness and improve total operational effectivity.
In 2018 the startup was featured amongst Prime 60 startups throughout India for ‘The Financial Instances Energy of Concepts’ carried out by IIM Ahmedabad in affiliation with Fb, Division of Science & Know-how (DST), Govt. of India. Machstatz can also be funded by angel traders and expertise enterprise incubator DERBI basis supported by Dept. of Science & Know-how, Govt. of India based mostly out of Bangalore. They’re a powerful crew of 15 members with experience in Industrial Automation & Knowledge Science.
With the extra assist and funding from IIIT Hyderabad – Machstatz goals to scale up and increase their buyer base. Make the most of the mentoring course of in scaling up their product and attain out to international markets.
One of many founders, in his earlier firm, whereas engaged on a mission to design options to enhance maternal and baby well being in rural India realized that the first entry to healthcare for many individuals had been quacks. In truth, a WHO report in 2016 acknowledged that over half of all these practising allopathic medication didn’t have any medical qualification. Know-how will help to fill this hole and supply data and join with proper medical doctors on the proper time. Mumbai based mostly eSkindoctor Healthtech personal Restricted is targeted on Dermatology and is utilizing Synthetic Intelligence and Deep Studying algorithms to handle this hole.
Pores and skin issues are one of many least cared for, as a result of the variety of dermatologists in India for a 138-crore inhabitants is round 7000, and they’re most concentrated in massive cities. The variety of pores and skin issues that folks face in India is round 68 crores per yr.
This and lots of extra different causes compelled Arun a graduate from IIM A, Naveen a Graduate from BITS Pilani and Anand a Graduate from XIM to setup eskindoctor.com- A platform that enables sufferers to grasp their pores and skin situation and entry high quality dermatologists. The platform is pushed by augmenting pores and skin illness prognosis and administration with AI, enhancing each effectivity & accuracy of care.
Making Triaging Pores and skin Situation Easy
“Sufferers can entry eskindoctor.com on their cell phone or laptop computer and add a photograph of the affected half and solutions a couple of questions requested by the substitute intelligence instrument. Based mostly on information offered, affected person is shared with details about their pores and skin downside and guides them to decision by participating with a dermatologist on the platform,” Anand Says .
“At present we’ve got constructed the mannequin to triage all of the frequent, quite common and uncommon pores and skin ailments prevailing in India. We’re in a position to triage precisely round 100 Plus Pores and skin Situations. We have now used public information units and proprietary information units to coach our mannequin,” Arun Says
Offering entry to Dermatologists with curated case capsule
eSkinDoctor.com makes use of the mixture of a state-of-the-art deep studying mannequin working with a proprietary Differential Prognosis (DD) algorithm to current medical doctors with a curated case capsule together with Provisional prognosis suggestion of AI engine for a extremely environment friendly prognosis.
Physician reaches out to affected person in the event that they want any further data to finish the prescription. All the course of could be accomplished on a mean in 5 Minutes, serving to medical doctors to enhance effectivity and accuracy,” says Naveen. eSkinDoctor is led by extremely skilled crew behind it. They’re alumni of IIMA, BITS PILANI and XIM with a monitor report of couple of many years in IT business and with the extra assist and funding from IIIT Hyderabad – eSkindoctor goals to scale up and increase their buyer base and make the most of the mentoring course of in scientific validation and scaling up their product to succeed in to international markets.
For additional data, please contact:
Head of Communications
E-mail: [email protected]
SOURCE Worldwide Institute of Data Know-how-Hyderabad