GE Healthcare today announced the graduation of its first batch of startups who were part of Cohort-1 of ‘Edison^[X] – Startups powered by GE Healthcare’, its startup collaboration program based out of India. The Demo Day featured five impressive health tech startups, each solving some of the most critical healthcare challenges including Covid-19. The startups — 5C Network, DeepTek, Orbo, Predible and Synapsica showcased their clinical solution, business model, market opportunity and projections to a virtual audience comprising of startups, investors, healthcare players and other corporates.

Cohort-1 startups came onboard in November 2019 after an extensive evaluation process. From the 223 startups who had applied, 24 were shortlisted and finally, five startups were invited to Cohort-1. Throughout the program, GE Healthcare worked with the startups to refine their solutions, got feedback from its customers to iteratively improve the functionality of the solutions, provided commercial and regulatory guidance, access to clinical data, mentorship and skill development programs. The startups were also provided with a zero-equity cash-in-grant of USD 10000.

Nalinikanth Gollagunta, Managing Director, Wipro GE Healthcare, South Asia said, “I am extremely proud of the founders of our first Csohort for the exciting and innovative businesses they are building. Their strength lies in their ability to match their unique technical knowledge and deep business skills to real world healthcare problems. Each of these startups are working on areas that are extremely relevant to GE and our customers. Their game changing solutions are complementary to our offerings and address significant healthcare challenges that exist today. We are looking to offer our customers those choices and intend to partner with start-ups of Cohort-1 on relevant engagement models including taking these solutions to the market and offer them an opportunity to build scale.”