India Edison^TM Accelerator is GE Healthcare’s global startup collaboration program. It allows startups to learn from the Healthcare and Information Technology expertise for which GE Healthcare is well known and thus enhance the value proposition of their business ideas. India Edison^TM Accelerator is an advanced intelligence offering used by GE Healthcare’s internal developers and strategic partners to develop new healthcare applications, services and AI algorithms. It comprises of applications, smart devices and the India Edison^TM Accelerator platform. It is in early stages of development, but over the next few years, we expect India Edison^TM Accelerator to become central to the healthcare ecosystem and an important hub for healthcare innovation with thousands of applications and services available.

The program is focused on GE working with startups developing solutions that help healthcare providers deliver precision health for end-consumers. We are looking across the healthcare continuum in terms of preventive healthcare, precision diagnosis and treatment in a timely and affordable manner, improving workflows keeping patient at the core and the clinicians, technicians, radiologists and IT support as the surrounding ecosystem. We are also looking to get feedback on the India Edison^TM Accelerator platform – including its services, functional capabilities, portal and APIs – with the aim of improving its effectiveness for internal and external consumption. Further, we are looking at startups that can help GEHC improve and expand its own product portfolio of medical devices. These could include elements like preventive maintenance, product training and monitoring, and supply chain among other things.

Core intent of the program is to nurture the startup ecosystem and work with them to create healthcare solutions leveraging the India Edison^TM Accelerator platform and decades of GE Healthcare’s expertise – solutions that will improve patient outcomes, improve clinical efficiency and that of the healthcare facilities, reduce waste and inefficiencies, and eliminate costly and harmful errors. There are several possible outcomes of the program:

• Co-creation and joint development
• Joint go-to-market
• Vendor/licensing agreements
• Could eventually lead to revenue generating opportunities for the startups who will engage with us in this program

The six-month program provides an opportunity to not only develop your business but also identify what these opportunities with GE Healthcare could be.

Any startup based out of India, having their core development activity/team in India can apply for India Edison^TM Accelerator. Companies working in the healthcare space, working on customer solutions are preferred. However, companies who are interested to build solution in healthcare space are also invited. Startups leveraging advanced technologies like cloud, Internet of Things, big data and advanced analytics, artificial intelligence and machine learning, image and time-series processing, edge computing, etc. will have an advantage.

Startups can apply online. The applications are evaluated via a three-stage screening process. Shortlisted applicants are invited for a final face-to-face pitch session with GE Healthcare leadership. The final selection is based on the strength of the business idea/plan, maturity and the closeness to productize their solution, team capabilities and relevance to the focus areas.

Startups should have an innovative and scalable idea coupled with a great team known for execution excellence. The more the idea is relevant to the program focus areas, the better.

1. 08^th June, 2020 – official launch of the program
2. 26^th July – Application Closure
3. 1^st to 7^th September – Business Pitch by selected start-ups
4. 28^th September – Cohort 2.0 Kick-off
5. 08^th April, 2021 – Cohort 2.0 Demo-day

The cohort will cover a period of six months. The program will provide startups with an opportunity to develop their solution and identify how GE Healthcare might help take these opportunities to market.

There will be 6 startups in the cohort.

The evaluation panel will comprise a technologist and a business leader from different businesses across GEHC + leading investors who can help identify the investment ability aspect of the startup’s solution. Product managers’ input is key to this effort.

Core value proposition of the program is to help startups scale their applications and start generating revenue through GE Healthcare’s India Edison^TM Accelerator platform. To make this possible,

• Startups will be assisted in problem validation, solution validation and eventual deployment
• Startups will have access to deep domain expertise
• Access to India Edison^TM Accelerator platform [large training datasets, marketplace and multiple deployment endpoints from edge to cloud (this capability will be restricted to only certain integration pattern – which may or may not be applicable to a given start-up)]
• Structured curriculum to strengthen 1st principles
• A zero-equity cash grant to cover basic costs during the program.

We provide a combination of data, technology and market access to startups including:

• 6-month long deep engagement customized to each startup
• $10,000 equity-free cash grant
• 1:1 Technology mentorship for evaluating design & architecture, integration, testing and launch
• 1:1 Business mentorship (with domain expertise) for understanding the market, domain & can help startups in achieving the right product-market fit
• 1:1 Mentorship regulatory and clinical validation
• Access to variety, quantity and quality of data
• Flexibility to work from existing offices
• Access to Edison^TM platform and services
• Support in customer discovery and product validation
• Validated problem statements of importance to healthcare practitioners
• Support in adapting, integration and launching solution on Edison^TM marketplace
• Access to sales teams & customers in target markets (e.g. US, EGM, LATAM)
• Support for trials and regulatory clearances in target geography

Unique value propositions for startups:

• Variety, quantity and quality of data (GE Healthcare manages 75Bn+ medical images)
• Multi-modal data integration (medical images, EHR records, device data)
• Access to medical device capabilities through India Edison^TM Accelerator Developer Portal (GE Healthcare has 4Mn+ installed base)
• Access to global India Edison^TM Accelerator Marketplace
• Seamless integration into clinical workflows
• Use-case validation basis clinical domain knowledge

Program provides a zero-equity cash-in-grant of USD 10,000 to every startup. In addition, startups will get access to various mentorship, skill development, platform, commercial guidance, regulation guidance, data provision as additional benefits. GE Healthcare will have the right of first refusal to participate in equity fundraise or M&A opportunity being considered by the startups.

Program provides access to technology and business mentors. Each startup has assigned technology and business mentors who share their expertise and connections within the organization and the ecosystem. Startups have access to various GEH learning modules, specific training, and industry insights.

the Program provides a unique opportunity for startups to learn from a major global corporation. This program is a platform to partner with an industry leader and learn from its experience with staying ahead of the innovation curve and scaling a business quickly to its full potential. The learning cohort enters a six-month program in which startups are mentored by GEH technology and business experts, entrepreneurs, investors, and other industry leaders. Startups will learn to understand their customer’s needs and how to apply relevant frameworks for their business. Startups will also gain access to coworking space, tools, platforms, investors, financial grants, technology support, and business advisory services.

Program is open to any startup with core product development team in India. Startups will have freedom to leverage their own workspace. However, they are expected to visit the GEHC campus in Whitefield, Bangalore for certain workshops and interactions with mentors from time-to-time.

Startups have sole ownership of their existing IP as well as any IP that they develop during the program. If GE Healthcare chooses to engage in a deeper partnership with a startup, the two parties can get into a separate MoU to handle IP sharing in a way that it is mutually beneficial to both.

The ownership of getting the solution clinically validated, tested etc. will rest with the startups. GE Healthcare will provide the support required to perform clinical testing and validation of the application, including access to data to test their solutions.

The startup will be responsible for seeking regulatory approvals across different markets. However, with its decades of understanding across markets will support the startups with knowhow and other support in this process.

Deployment on the India Edison^TM Accelerator platform will be governed by the platforms’ terms and conditions. All partners, including startups, are expected to adhere to platform’s quality requirements. Having said that, issues arising out of the solution/application will have to be addressed by the startup. GE reserves the right to withdraw the solution from the India Edison^TM Accelerator platform until the issue is satisfactorily resolved.

Participation in the program doesn’t translate into exclusivity with GE Healthcare. Our intent is to create a vibrant ecosystem of precision healthcare startups to make better and affordable healthcare possible for all. Startups can offer the solutions to their own customers. We will look at it on a case-to-case basis with GE Healthcare retaining the right of first refusal with respect to an investment or exit opportunity for startup.

Yes, applications developed as part of this program will be made available to GE Healthcare’s global customer base. While regulatory requirements vary based on country/region, our intent is to support startups in understanding those regulatory frameworks and tap into global markets.

It depends on the impact and applicability of the solution on a case-to-case basis. It is too early to comment on that aspect.

It depends on how the application will be commercialized. It is too early to comment on that aspect.

Yes, there is a possibility of GEHC partners engaging with startups. This is envisaged broadly in two categories – solution validation and market access. We will facilitate this on a case to case basis depending on the need.

The ownership of fundraise lies with the startup. Program will assist startups with best practices in driving an efficient fundraise process and will support with warm introductions with investor community.

The graduating startups are enrolled in the India Edison^TM Accelerator alumni network and will continue to execute on identified pathways with GE Healthcare. Program will continue to provide operational support to startups as they engage more deeply with GE Healthcare.

For any queries, you can reach out to us on our Email ID.

No. Startups need to make their own lodging and travel arrangements.

Although the time commitment might vary, teams should also attend the fortnightly review sessions, technology and business mentoring sessions, expert interactions, and other program activities.

There is no cost to you, except travel and living expenses. We see the 24-week program as an opportunity to learn more about your company, help you validate key assumptions and identify opportunities for further collaboration.

A key criterion of the selection process is to avoid any conflict with GEHC products or within startups in the cohort. This will be decided by the evaluation panel. If two startups submit competing ideas, the best solution proposed among them will be selected. We will look to avoid conflicts.

There are several possible outcomes of the program, we are looking for collaboration opportunities with early-stage startups and recognize that this could take many forms; be it an investment, co-creation and joint development, go-to-market or even licensing agreements. The six-month program provides an opportunity to not only develop your business but also identify what these opportunities with GE Healthcare could be.