Unitus Seed Fund, India’s leading venture seed fund supporting startups innovating for the masses, announced the results of its India StartHealth Competition. Out of of 130 competition applications, 10 health-tech startups participated in the final online pitches to an industry jury. The companies were assessed on several factors including the depth of innovation, business model, market feasibilty ,leadership and impact.
OmiX has invented a hand-held portable device for vector-borne infection diagnosis and prognosis that is targeting to reduce the time and cost to detect infectious disease pathogens. This device could be deployed to the more than 1 lakh (100,000) diagnostics labs across India including the many small labs that currently don’t offer these type of lab services. This product also addresses the problem of drug resistance – which is increasingly becoming a constraint in healthcare delivery in India.
“OmiX Labs has a great team and collaborators needed for the success of the project,” said A Vijarajan, Founder and CTO at InnAccel and a StartHealth jury member. “Early stage disease detection in India is still at a very nascent stage and this product has the potential to be a new standard of care for infectious disease detection.”
Omix will receive a prize of INR 10 lakhs and an opportunity to pitch for participating in Unitus’ StartHealth investment Program that includes up to 50 lakhs of additional non-dilutive funding, an investment of up to INR 1 crore from Unitus Seed Fund and go-to-market support from StartHealth partners Narayana Health, Manipal Hospitals, PATH, Pfizer and Unitus Seed Fund.
xBITS is developing a table-top diagnostic device for faster and accurate detection of urinary tract infections (UTIs). The device can provide results as accurate as the high-end microbiology devices and do so in under 4 hours. Similar to OmiX, the xBITS’s team is also working on solving the drug resistance problem by separating out and detecting specific pathogen species.
“Very impressed to see a near commercial solution coming out of a University,” said one of the jury members, K Chandrasekhar, Founder & CEO at Forus Health. xBiTS will soon be pitching for entry to Unitus’ StartHealth investment Program with potential for additional funding and support from the StartHealth partner network.
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