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Dr. Kailash Jialdasani, Head of Operations, South Asia at Venture lick, notes that despite India's burgeoning healthtech and ManTech startup scene, challenges such as funding and regulatory hurdles remain. With over 8,000 startups in this sector, India is poised to become a global leader in healthcare. However, the capital-intensive nature of the industry poses difficulties for startup founders lacking proper guidance, hindering their ability to scale and grow effectively. Dr. Jialdasani emphasizes the role of national and international platforms, such as Venture lick, in catalysing innovation and enhancing the success rate of these startups. Venture lick, headquartered in Singapore and operating across several countries including India and China, focuses on three core business verticals: Super Incubator and Fund, Consulting, and Discovery. Dr. Jialdasani elaborates on the healthcare innovation landscape in India, highlighting areas of startup focus such as AI in oncology, radiology, and pathology, as well as diagnostics and geriatrics. He discusses the challenges faced by healthcare startups, including the necessity of having a diverse founding team with expertise in technology, science, and regulatory affairs. Dr. Jialdasani also outlines Venture lick's selection criteria for startups, its onboarding process, and its support mechanisms for fundraising and growth. He addresses investor confidence in healthcare startups and the importance of medical investors in instilling trust. Additionally, Dr. Jialdasani discusses the level of innovation in India compared to established markets, government regulations, underutilized emerging technologies, and the state of available data for startups. He emphasizes the need for structured and high-quality data to drive advancements in AI and technology-driven healthcare solutions, expressing optimism about India's potential to become a global data hub in the coming years.
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