MED4DEV – the first ever India-Israel Affordable Healthcare Hackathon tackling the most pressing healthcare challenges of low-income communities in India. The event will bring together 600 participants including engineers, designers, health practitioners, entrepreneurs and programmers from July 22-24, 2016, simultaneously in four major cities: Tel Aviv, Mumbai, Hyderabad, Bangalore to develop innovative ideas and prototype solutions (hardware and software) to disrupt the affordable healthcare sector in India.
The Event MED4DEV is being organized:
- To develop bridges between the Israeli and Indian innovation ecosystem. Israel has the highest concentration of tech start-ups and venture capital financing per capita in the world, and has been the origin of many of the disruptive technologies that the world uses: computer firewalls, instant messaging, USB keys, voicemail and digital printing, to name a few. Israel has over 1,000 startups in the healthcare sector, almost all of them targeting the needs of rich people in rich countries. India is a world leader in frugal innovation that targets the needs of mass markets in healthcare and other fields and is the leading country in the world in developing business models to serve low and lower-middle income consumer needs. We believe that collaboration on affordable innovation presents immense opportunities for both sides.
- To seed a pipeline of viable future ventures in both countries. The hackathon will enable sponsoring partners to identify promising ideas. The hackathon partnership structure will include a full range of partners in Israel and India that will provide mentoring support following the hackathon for teams with viable venture ideas, acceleration and eventual access to potential early-stage investors.
Participants will be supported by several dozen mentors, who will provide both on-site mentoring and virtual cross-location mentoring along with direct access to leading stakeholders, investors, corporates and healthcare providers in both countries. Teams will compete for cash prizes worth over Rs.15 lakhs, mentoring packages, and placement in leading Indian and Israeli accelerators to transform the most promising ideas into successful ventures!
The MED4DEV Hackathon is organized in collaboration with leading VCs, accelerators, healthcare providers, MNCs, NGOs and academia in India and Israel. Among our Indian organizing partners are T-HUB, Nasscom 10,000 Start-Ups, WeSchool,TiE Mumbai, Your Story and more.
For more information:
Hilly Hirt [hilly.hirt@gmail.com]
Tejinder Singh [Tejinder.Singh@israeltrade.gov.il]
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