GE Healthcare, the USD 18-billion healthcare technology unit of GE, has announced USD 50-million funding aimed at improving services of healthcare startups in developing countries. The four social impact investors include Acumen, Aavishkaar-Intellecap Group, Unitus Seed Fund and Villgro. Through the programme, GE Healthcare and each startup will focus on commercially scaling healthcare innovations for emerging economies, with the potential for GE Healthcare distributing the startup’s product or integration of the service into GE Healthcare’s Affordable Care Portfolio. GE Healthcare President and CEO John Flannery said it is estimated that more than 5.8 billion people in the world lack access to quality, affordable healthcare. GE Healthcare and Tricog will collaborate on scaling latter’s solution to more markets globally, it said.

Source: The Hindu September 23, 2016 11:15 UTC