Digital Health Lab

Digital Health Lab 2017-11-08T07:06:12+00:00

CENTRE OF EXCELLENCE FOR DIGITAL HEALTH LAB

Present Scenario – India’s Traditional Healthcare

India has one of the lowest doctor to patient ratio & spends 4.7% of GDP with 1.4% from public sector. We have a rapidly rising geriatric population; 100mil in 2014, >168mil in 2026 and low penetration of health insurance. With rising non-communicable diseases, the economic burden of chronic disease alone is around 200B $ by 2020. Leveraging the fact that we have one of the largest mobile phone penetration, digital health (mHealth) can be the answer in this scenario which provides a scalable platform for addressing healthcare in disruptive way.

Present mHealth Status & Opportunity:

Worldwide, mHealth is a booming market with ~259,000 apps available with a cumulative 3.2B downloads in 2016. A CAGR of ~15% is expected even-though there is slow demand side growth – Downloads at ~7.6% in 2016. A vast majority of the apps are developed outside India and there is a clear lack of standardisation and documented efficacy based on clinical trial. Fostering an ecosystem for indigenous mHealth solutions (Make on India + Digital India) is imperative and a there is a need for an agency that can customise these with respect to local use case, business model, regulatory needs.

Leveraging the above facts, the Digital Health Lab at KIIT-TBI will enable new bilateral trade for India, as well fillip to have global supply of innovation which will cross breed faster entrepreneurs. Growing Govt. interest to integrate into health care system.

Objectives:

  • To identify, foster & mentor innovators/entrepreneurs in medical innovation process encompassing need identification, conception and implementation.
  • To encourage co-creation by involving entrepreneurs, innovators and professionals from multiple disciplines.
  • Provide necessary “state-of-the-art” infrastructure for prototyping & establishing proof-of-concept.
  • Promote commercialization by liaising with corporates, funding partners, hospitals etc.
  • To organize short-term workshops, boot camps and internship programs to raise awareness and motivate different stakeholders towards healthcare innovation.

Operational Focus

  • Promoting neo-entrepreneurs, local innovations through TBI.
  • Promoting Policy/ best practices for digital health in India
  • Prioritisation of digital health sub types
  • Based on new insights either old applications can be customised or new apps might be developed

TEAM CSR

Dr. Mrutyunjay Suar
CEO, KIIT TBI

Mr. Raghab Prasad Panda
Head Investment