By Samachar Vishesh
News
Chandigarh 22nd November:- A unique programme for health innovations has been
announced by United Nation’s Health Innovation Exchange (UNHIE), Biotechnology Industry Research Assistance Council
(BIRAC) and Social Alpha.
Conceived as the India Accelerator
Platform, it aspires to unlock the potential of the Indian Medical
Technologies (MedTech) and Digital Health innovations through successful
adoption of 100 Indian innovations in the next five years. The accelerator is
estimated to result in the opening of market access and procurement of Medical
Devices and Diagnostics and Digital Health solutions worth $500 million from
Indian Start-Ups during the same period.
These efforts are in line with the
Government of India’s vision to provide Deep Technology Innovations that are
ideated, conceptualized and manufactured in India. This accelerator will be an Open Platform and key
stakeholders from public and private sector, multilateral agencies and
foundations will be invited to join the platform.
Pradeep Kakkattil, Director of
Innovations, UNAIDS and Head-UNHIE said that leveraging innovation is
essential to fast tracking progress to Universal Health Coverage and SDG3
targets. India’s innovation ecosystem has the potential to transform
access to health - from pharma to diagnostics to digital health. The UNAIDS
Health Innovation Exchange (UNHIE) was set up by the UN to facilitate
acceleration and adoption of technologies and innovation for health and to make
them available across countries. We are very excited to partner with BIRAC and
Social Alpha to establish the UNHIE-BIRAC India Accelerator platform and he is
confident that it will be transformative in the global journey to UHC.
UNHIE is a platform to identify
challenges faced by implementers and connect them with innovations that have
high potential for impact. The platform links with investors to scale up the
efforts and develop sustainable solutions to bridge the disconnect that exists
between innovators and implementers to fast-track progress to reach Universal Health
Coverage (UHC) and other health-related Sustainable Development Goals (SDG).
Dr. Renu Swarup, Secretary DBT &
Chairperson, BIRAC said that India, with its rapidly growing
start-up ecosystem, technology strength and government’s commitment to universal
health coverage, is the best test bed and offers the right ecosystem for
scaling disruptive healthcare innovations. BIRAC has significantly enhanced the
capabilities of the Indian startup ecosystem by supporting a number of
healthcare innovations and UNHIE-BIRAC India Accelerator will further enhance
the adoption potential of health innovations. We congratulate UNAIDS and Social
Alpha for joining hands with BIRAC in this ambitious initiative.
The platform will also create and
curate investment opportunities for capital providers, prepare innovators for
regulatory approvals, assist in market access and leverage all partners and
their network for global advocacy. The platform will help Indian Innovators to
use multilateral and UN mechanisms to fund and scale their innovation
globally. Social Alpha will
manage the accelerator programme.
Manoj Kumar, Co-Founder and CEO , Social Alpha said that India can
take a leadership role in creating multilateral “market shaping” mechanisms to promote innovative solutions
globally and help drive down the cost of healthcare while improving both access
and adoption. Moreover, homegrown technologies in India are an excellent market
fit for several developing countries since they all share similar healthcare
challenges. Innovations developed in India also have significant potential for
translation and adoption in developed economies. We are very excited to partner
with UNHIE and BIRAC to design and execute the India Accelerator Platform.
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