"Board Member | Global Business & IT Services Leader | Growth & M&A Strategist | International Expansion Expert | Strategic Visionary | Turnaround Specialist | Innovator in AI, Blockchain & Digital Transformation"
Academic. How's the startup ecosystem can take advantage of these developments? I think there are a couple of. One telemedicine is one piece, uh, but there are a couple of stuff, especially, you know, when you talk about health care. In my. Opinion and I'm right now focusing on the tech part only because that's the only stuff which I am able to grab, understand, comprehend. There are three four technologies. Which are important trends, which are emerging, and I will say that they have emerged. They have proven themselves. One is definitely the mobility piece. Absolutely. So what it means is that, you know, COVID especially taught us, you know, maintain distance, that dog Dori Zaroori, all that. So basically it was telling that, you know, remote is very important. So whenever it says remote for me, it's nothing but mobility. Absolutely. So mobility is bound to stay whether it is, you know, your patients for telehealth, I'll say telehealth. I will not say just telemedicine. And I'll explain what is the meaning of telehealth, OK, OK. And then whether it's doctors who can do remote consults or can check the basic vitals of the patient using disks of stethoscope or other HD cameras. So mobility is bound to be there. Patient doesn't have to do anything, you know, by physically coming to the hospital, which means that they can book an appointment through mobile phone, they can do the payments through mobile phone, they can get the bill on the mobile phone, they can do the console on the mobile phone, they get a prescription on the mobile phone. So mobility is the key ingredient or all the feature solution. So whenever you're building a solution, think about mobile first. Mobile mobility, mobility, mobility, this should be the keyword. OK, second thing. That see you are talking of. Skill India. OK in Skill India. I think the major problem with the nation is that we have not been able to impart vocational training to the large logistics. OK, I'll pick up a anecdote. Guru Arjan de Arjun was only 405 corvas and pandas. There are many kilobytes. OK, so I corrected in the Maharat. I'm assuming that you're young startups, you know, chaps will understand what Mahabharat was and what Eklavya was, correct? So Eklavya, you know, got yet trained by Guru Arjan Duran share. But he has to, you know, sacrifice his thumb, correct? We don't want to do that. Country has so many Columbias and we have very strong shortage of Guru Arjan Dev. So we grew Arjuna Dronacharya. So we need some mechanism by which you know this skill training, hands on training can be given. Healthcare is one example. There are many sectors sector wise. You don't speak sector wise. Sector wise, so you think about virtual reality or augmented reality. Our group, you know, our entire days were complete hands on workshop kind of your schools where students stay there, you know he get immersively involved into the training aspect. Now we can't do that. Society has seen scale has changed. We don't have those kind of gurus, we don't have those kind of even students. So tech has to play an important role. I strongly believe that after God, tech is the only unbiased, you know independent platform which doesn't judge between 2 human beings. Absolutely. So you bring VR and AR startup guys, think about, you know, how can you skill India government, Prime Minister, all state leaders are talking about, you know, skill India skill India skills. They are willing to invest rural public needs to you know, we don't want our rural youth to just sell cigarette and bead in a small pan shop or sell Coca-Cola or chips. You know, they are well equipped to do lot of vocational training. Only thing is that we don't have the platform. Excellent. He spoke about virtual reality and augmented reality. It was a couple of years ago, I think about 3, three years ago, a lot of buzzword around Meta was. Right, Yeah. Meta was betting about $10 billion investment, 40,000 people were appointed there and they said healthcare to retail, to anything, you name it. In fact, there were a couple of Punjabi singers in India. We went to the extent of buying a land. Through metaphors, right? I don't remember the name of the singer. So that point in time, I think a lot of people in the tech world was betting quite heavily on Meta was saying that, you know, it's going to change the way health is primarily addressed in the world. For some reason, Meta was had its own natural death. I can't say whether it's dead or gone, but I still say that nobody's talking about matters anymore. What is the significant thing which has contributed for Meta was to have a slowdown. So a there are a couple of reasons and not in any order. Uh, one, the handset which is required for end user was bulky, was costly. So which is one of the dead trend because when you say, you know, handset, you can't have training for six hours with the bulky headset. Second thing. Closet. You know when you talk about metaphors, virtual reality or augmented reality, the most important aspect in this is the content part. You know when you say training to a nurse to how to put a pick line or how to put a canola or how to put a center line or a training to a surgeon on how to look into a 2D or a. CT or MRI and make it 3D so that you can do neurosurgery planning next day. Those contents are not there. It's not about tech, it's about you know, the underlying inputs which has to go to the tech part to ensure that tech is successful. So those eventually it will come. Similarly, let's take a simple example. You know it is still very. I think it has not seen the death bed, especially if you look into the retail industry, the fashion industry, the. Best which is used by interior decorators or architects, they still using it to visualize because there is still at least in the architectural integrity, it's a geometrical figures which are defined finite. But some of these others industry are yet to develop those content parts which can be fed into metaverse to take the advantage or to leverage the technology as such. So if I understand what you said rightly. Metaverse will come back, but the current challenge is that we don't have enough of input for metaverse to work efficiently. That's the point #1 and point #2 you said meta was requires heavy equipments, right? In order for in order for someone on the server side. If you see if I'm a startup. If I'm a start up if I'm able to break these two challenges or or the shortcomings for metaverse as a universe you think I made it Yes, you have to work very, very closely as a startup you let's take a healthcare industry. You will not be able to ever ever understand that what it goes in putting your pay center line in patient when he is in the ICU. You will not be able to figure it out how to insert a rice tube in a while. You have to feel that so you have to sit with. Nurses, you have to sit with clinician issue doctors, you know, how do you train because you know when you're putting up the pick line, if the blood comes, the hectic part of the five senses, you have to understand that and then start doing the programming. You mean to say the human reflexes are playing a very vital role here rather than any. So how about robotic engineering? Robotic engineering playing a very important role in the healthcare industry. It is catching up. It is not yet there are fundamental reasons for this is that first of all, let's understand. Whatever we pay important role when the when the task are. Mundane. They are doesn't need complex decision making or they don't have to deviate from the proven path, which means that no exception handling. Hmm, OK, Now let's take a simple case. We saw a robotic in one of the Western country hospital where it was picking up the medicines from the pharmacy, multiple racks because they were all coded and making a bag out of that and pressing the lift, going to the lift, pressing the button saying we're saying it. You know, go to lift, go to floor #3 so lift used to go now. These are some fundamental architecture changes which you can't afford to do in the existing infrastructure. So I think in near future or, but I am of the opinion that if you look into the near future or what is going to be a very important play important role in the manufacturing side, they are going to play a very important role. Assuming that I'm doing a physiotherapy with the patient which has a routine fixed set of tasks to be carried out or when a patient has to be moved. From a bed to a machine, say Ctr. or vice versa or OTT table and patient. Generally, if they're obese, it is too difficult to carry four or five people have to do that. Can they robotic, do their task easily? Can do a task. So where the heavy lifting, where the routine task, where the mundane task, no complexity with respect to logic change. They will play an important role for the understanding of the startups. You are saying in the healthcare industry some mundane task or tasks which are quite heavy, which cannot be carried out by the human beings. It could be an opportunity area for the startups to go and do that or think about, you know, coal mines. It's too risky an area where human lives get impacted. Umm, you know, when we know through the help of a camera, remote camera and a vision ability, which is being managed remotely through the help of robot, I can go to a difficult train and do certain basic, you know. Take care of the land, similarly oil fees, similarly oil explorations, all those areas where we don't want to risk a human life, human life. Tell me that you how is artificial intelligence is going to contribute to the growth of healthcare industry? So artificial intelligence is no more artificial, it is the real intelligence. Next 10 years of 15 years is not of the heart, is of the lungs, because we are all staying in polluted, polluted cities. Academic.
♻️ Overcoming the Funding Challenge for Early-Stage Startups.
▪️ One of the biggest roadblocks for early-stage startups is securing funding.
▪️ Investors are hesitant to commit if the idea doesn’t immediately resonate with them. Convincing them at this stage is a major challenge.
The Harsh Reality:
-> 90% of startups fail to secure early-stage funding.
-> 70% of investors reject pitches due to a lack of traction.
In the case of point-of-care diagnostics, common reasons for rejection may include:
1️⃣ Unproven Market Demand – The proposed product or solution is based on an unresearched or poorly validated idea.
2️⃣ Limited Market Potential – The product targets a very niche audience and lacks appeal to a broader market.
3️⃣ Lack of Uniqueness – The product offers only incremental innovation without significant differentiation from existing solutions.
4️⃣ Limited Rural Market Penetration – The product lacks the necessary adaptability or affordability to serve the vast rural self-testing market.
🙄 The aforementioned reasons compelled me to reflect on one crucial question: “How can I gain investor confidence?”
So, I decided to focus on the following key areas:
✔️ Craft a compelling pitch highlighting the unique value proposition of your innovation and its potential for business growth.
✔️ Demonstrate progress through pilots, prototypes, accuracy of results, and user adaptability.
✔️ Build a strong team including credible mentors, advisors, and collaborators.
✔️ Prepare a robust business plan by developing detailed financial projections and a well-structured roadmap to attract investor confidence.
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Request services if you are facing challenges in developing your POC test.
Join MedTech Innovators Cohort for developing your career-business around passion. https://lnkd.in/dcHdnM5U
Book a call: https://lnkd.in/g9TUG3Ji#innovators#startup#innovation#pointofcare#diagnostics#medtech#sujaykbiswas#innovations#abundance
📣 Calling all early-stage #healthtech#entrepreneurs or #startups!
BlueHealth Innovation Center - Powered by imec.istart has opened its Spring 2024 call!
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𝐃𝐞𝐞𝐩𝐭𝐞𝐜𝐡 𝐚𝐧𝐝 𝐀𝐈 𝐓𝐚𝐤𝐞 𝐜𝐞𝐧𝐭𝐞𝐫 𝐬𝐭𝐚𝐠𝐞 𝐨𝐧 𝐬𝐞𝐜𝐨𝐧𝐝 𝐝𝐚𝐲 𝐨𝐟 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐌𝐚𝐡𝐚𝐤𝐮𝐦𝐛𝐡
👉 StartupMahakumbh event began on March 18, with March 20 being the concluding day. The event has 10 thematic pavilions: To showcase the variety and depth of the phenomena on -AI , Deeptech, & SaaS, Fintech, Agritech, Climate Tech, Gaming & E-Sports, D2C, B2B & Manufacturing, and Incubators.
👉Further, over 2,000 startups, 1,000 investors, more than 100 unicorns and over 300 incubators and accelerators have visited the Startup Mahakumbh, as per a release from the Ministry of Commerce & Industry.
👉 Its theme is 'Bharat Innovates' which "aims to catalyse innovation, facilitate networking, and foster growth opportunities for startups, investors, incubators, accelerators and industry leaders across diverse sectors", the Ministry of Electronics and IT said in a release.
More than 40 startups showcased their innovations at the event, the ministry added.
#StartupJourney#Statupmahakumbh#delhi#AI#Deeptech
Some of the current trends in the startup world summarized by Marius Istrate, Chairman of Board #TechAngels, highlighting for Economedia.ro a predominance in areas such as enterprise, health tech, e-commerce and consumer, regarding the type of startups met until now in pitches. He notes that the number of startups has increased significantly in recent years, with positive developments being observed in the market. It also presents some examples of promising startups with potential to grow and attract investment, including Creatopy, FLOWX.AI and Veridion.
Gen AI has a positive impact on the startup market opening opportunities that have changed the field for the better. Founders are increasingly interested in actively integrating Gen AI into their products, and startups that have adopted this technology have been able to gain a significant competitive advantage. More⬇️. #growingtogether#startups#angelinvestors#AI#technology#innovation
Cultivating Innovation in Startups: A Roadmap for Success
In the fast-paced world of startups, innovation isn't just a buzzword—it's a necessity. With markets constantly evolving and customer needs shifting, startups must continually innovate to stay competitive and relevant. This blog explores the critical role of innovation in startups and offers practical insights on fostering a culture of creativity and problem-solving.
Startups thrive on innovation. Unlike established companies, they often don't have the luxury of a vast customer base or extensive resources. Innovation allows startups to:
* Differentiate Themselves: Innovative ideas help startups stand out in crowded markets.
* Solve Real Problems: By focusing on unique solutions, startups can address specific customer pain points more effectively.
* Drive Growth: Innovative products and services attract customers and investors fueling growth and expansion.
Consider the example of a health-tech startup that revolutionized telemedicine. By identifying the gap in accessible healthcare, the startup developed an intuitive app connecting patients with doctors remotely. Their journey involved:
* Understanding the pressing needs of patients and healthcare providers.
* Developing a prototype and iterating based on user feedback.
* Ensuring the solution could scale efficiently to accommodate growing user demand.
Innovation comes with its set of challenges. Startups often faces Limited funds and manpower that can hinder innovation efforts. Strategic partnerships and grants can alleviate some of these constraints. Innovative products may face resistance initially. Educating the market and demonstrating value can help overcome this barrier.
Innovation is the lifeblood of startups. By fostering a culture that encourages creativity, open communication and the use of cutting-edge tools, startups can navigate the challenges and unlock new opportunities for growth. Remember, the path to innovation is a journey embrace it with an open mind and a willingness to learn.
#StartupMentorship#Entrepreneurship#BusinessGrowth#MentorshipMatters#StartupSuccess#EntrepreneurLife#Sharkdomer#founders#partnershipgrowth#partnershipsuccess#startupgrowth#startupindia#indianstartups
We had the honor of participating in the Sonipat Startup Summit, hosted at the prestigious Technopark, IIT Delhi (Sonipat)—a platform buzzing with innovation, collaboration, and visionary entrepreneurship. 🚀
This summit was a powerhouse of ideas, bringing together dynamic founders, brilliant innovators, and thought leaders who are shaping the future of India’s startup ecosystem. Our incubatees had the incredible opportunity to present their transformative ideas, network with investors, and gain insights from top industry experts. 🌱💡
Key Highlights from the Summit:
Engaging Sessions with industry veterans who shared key trends and insights into the future of innovation, tech, and business development.
Live Demos & Pitching: Our incubatees showcased breakthrough solutions across diverse sectors, from AI and IoT to sustainability and healthcare.
Collaborative Opportunities: The summit fostered valuable connections between startups, investors, and potential partners, building a stronger ecosystem for growth.
Panel Discussions & Mentorship: Leaders from academia, industry, and government provided guidance on scaling up, funding strategies, and product-market fit.
The summit is a testament to India’s thriving entrepreneurial spirit, and we’re excited about the future that we are collectively building. 🌍✨
A big thank you to Technopark IIT Delhi and all organizers for curating such a transformative platform, and a special shoutout to our hardworking incubatees for their inspiring participation. The energy, innovation, and drive that filled the summit have left us more motivated than ever to drive positive change.
Here’s to many more milestones ahead! 🚀🔥
#SonipatSummit#StartupSummit#Technopark#IITDelhi#Innovation#Entrepreneurship#StartupEcosystem#India#Incubation#Pitching#TechForGood#GrowthMindset
🚀 Transform Your Vision with Iotric’s MVP Development! 🌟
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With Iotric by your side, we don’t just build products—we create opportunities for growth and success. Our comprehensive expertise in cutting-edge technology ensures that your MVP is not only functional but also stands out in a competitive market.
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The last 10% it takes to launch something takes as much energy as the first 90%.
– Rob Kalin
- As the healthcare AI market accelerates toward a projected $259.11 billion by 2031...
- The toughest challenges aren't just about the technology itself
- They’re about making bold, decisive choices and sticking with them.
- Whether it’s tackling the accuracy gap for minority populations or navigating the complex maze of healthcare integration
- Every step requires more than innovation; it demands persistence, adaptability, and foresight.
#Innovation, #Technology, #HealthcareAI, #Futurism, #Entrepreneurship, #Startups, #MachineLearning, #HealthTech, #ArtificialIntelligence, #Sustainability.
🚀 Startup Headlines - The Spark Behind Startup Success ⚡ 💡
These startups are shaping the future with groundbreaking innovations. Here’s a glimpse of their success stories:
🔹 Connecty AI: Connecty AI empowers enterprises with AI solutions and secured $1.8 million in a pre-seed funding round co-led by Market One Capital.
🔹 Pikndel: Revolutionizing same-day deliveries, Pikndel raises $1 million in seed funding, backed by VC Grid.
🔹 Zeplyn: Transforming wealth management workflows, Zeplyn raises $3 million in seed funding, co-led by Leo Capital.
🔹 BiteSpeed: AI-powered customer OS for e-commerce brands, secures a whopping $3.5 million in pre-series A funding, co-led by Peak XV’s Surge and others.
🔹 DesignX: Driving shopfloor hyper-automation, DesignX raises $1 million in pre-series A funding, co-led by Piper Serica Angel Fund.
🚀 The startup ecosystem is buzzing with innovation and growth. Stay tuned for more updates from the world of startups! 💡
#INQXN#Inqxnlive#ConnectyAI#Pikndel#Zeplyn#BiteSpeed#DesignX#StartupHeadlines#InnovationUnleashed#FundingNews#StartupGrowth#TechEcosystem#StartupFunding#AIStartups#EcommerceGrowth#WealthTech#HyperAutomation#VentureCapital#StartupEcosystem
