Aster DM Healthcare, an integrated healthcare provider and Social Alpha, an initiative supported by the Tata Trusts and Government of India have collaborated to support entrepreneurs and innovators working in the areas of digital health and medical technologies and have launched Aster – Social Alpha Co-Innovation and Clinical Practice Integration Initiative.
The partnership will support selected start-ups to take their solutions and technologies to market via Aster and Social Alpha’s platform and ecosystem, provide access to a shared pool of mentor network, expert connects and market access opportunities.
Aster and Social Alpha will work together on co-creation of technologies and support start-ups with a vast network of pharmacies, primary care clinics and hospital expertise in India and Middle East for easy clinical adoption.
According to Aster DM Healthcare, the initiative aims to provide vast infrastructural support to start-ups which will include incubation support including access to specialized co-working space within Aster and Social Alpha premises in Bengaluru, Cochin and Delhi.
The initiative includes creation of Healthcare Technology Experience Centre at Aster CMI Hospital in Bengaluru. The Centre will host Aster Social Alpha – Innovation Lounge with Clinical Investigators who will work closely with innovators to co-create disruptive MedTech innovations.
It includes creation of Digital Health Incubation Core Group that will provide specific research support to help start-ups with relevant resource material and substantially reduce their R&D costs.
Under the initiative, Social Alpha will host an Open Innovation Platform to systematically curate problem statements and manage the ‘lab to market’ journey of innovative solutions that solve a set of validated problem statements. It will allow multiple stakeholders to work together and create as well as build on an existing solution. Aster DM will co-host and participate in the curation, validation & prioritization of problem statements, innovations and enterprises.
Mr Manoj Kumar, Founder and Chairperson, Social Alpha, says, “The need for accelerated adoption of tech innovations in healthcare delivery cannot be overstated. The ability of the MedTech start-up ecosystem to pivot their technologies to respond to the immediate needs of the COVID-19 demonstrates the innovation agility and creativity of our entrepreneurs.”
“The appetite for new technologies that can strengthen our healthcare delivery system is palpable but engaging clinicians and healthcare professionals throughout the lab to market progression is necessary to drive user acceptance and adoption at scale. Our partnership with Aster DM Healthcare is a step forward in that direction,” added Mr Kumar.
Dr. Satish Prasad Rath, Chief of Innovation and Research, Aster DM Healthcare, says, “In the COVID-19, non-contact healthcare delivery era, importance of this has increased manyfold. We are extremely glad to have partnered with social alpha. The start-ups need real testing environment, real data, real insights, which Aster with its comprehensive network; from pharmacy, primary care to tertiary and quaternary care can help in acceleration.”