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Microsoft and Social Alpha to Boost Growth of Healthtech Startups in India

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CIO Insider Team

Microsoft India continues to lend its arm to support the startup ecosystem in the country by collaborating with startup incubator Social Alpha through a new accelerator program designed to help healthtech startups grow faster. The program is designed to help startups scale with advanced technology and joint go-to-market support.

The new initiative will help healthtech entrepreneurs with technical support as well as resources for co-selling and co-building tech tools to achieve better outcomes across healthcare. The Microsoft Cloud for Healthcare will combine the power of Microsoft Azure, Microsoft 365, Microsoft Dynamics 365, and Microsoft Power Platform. The program will facilitate startups to access a portfolio of released and new healthcare capabilities that are tailor-made to meet the unique requirements of health data in the cloud.

Commenting on the occasion, Sangeeta Bavi, Director – Startup Ecosystem, Microsoft India, said, “Being forced by the global pandemic to rethink how healthcare services across the world operate,

startups in this industry are reimagining solutions for some of the most pressing healthcare challenges. Technology innovation with advanced data and analytics capabilities is a critical enabler as we build trusted and reliable solutions at scale. The Microsoft for Healthtech Startups program deepens our focus on specific industries and is aimed to accelerate the growth journeys of startups with the best tech enablement and business resources.”

Microsoft’s collaboration with Social Alpha will provide healthtech startups programmatic support through product innovation labs, sandbox pilots and structured incubation initiatives that offer knowledge services, bootcamps and masterclass sessions with mentors as well as tech and industry experts

Manoj Kumar, Founder and Chairperson of Social Alpha, said, “As we continue to grow the lab to market ecosystem for high impact start-ups in India, our portfolio companies need access to world-class technologies including in the areas of advanced cloud computing, data science and analytics. Our partnership with Microsoft for HealthTech Startups will focus on enabling these companies fastrack their progress with some of the best technology resources and accelerate their innovation pathways.”

In quick time, Social Alpha has offered aid to over 20 healthtech startups across segments like devices, diagnostics, treatment, access and quality/UX. Microsoft’s collaboration with Social Alpha will provide healthtech startups programmatic support through product innovation labs, sandbox pilots and structured incubation initiatives that offer knowledge services, bootcamps and masterclass sessions with mentors as well as tech and industry experts. According to ResearchAndMarkets.com, the Indian healthcare industry is expected to grow at 16.9 percent in 2020 to reach $272.79 billion.

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