UnitedHealth Group’s business platform, Optum has partnered with IIIT-Hyderabad to set up a startup studio. The studio’s mission is to find creative ideas and entrepreneurs that may assist speed value delivery by addressing some of healthcare’s difficulties.
Optum Global Solutions (India), a subsidiary of the UnitedHealth Group, is establishing Optum Startup Studio in collaboration with the International Institute of Information Technology, Hyderabad (IIIT-H).
The studio’s mission is to find creative ideas and entrepreneurs that may assist speed value delivery by addressing some of healthcare’s difficulties. The program is being expanded in the United States and Ireland with the launch.
Two main components of the program are a startup accelerator and support for fast-track pilots with reasonably mature businesses that already have market-ready products. According to a recent press release on the studio’s inauguration, the accelerator will mentor India’s emerging health tech entrepreneurs to quick maturity. The program’s innovation partner is IIIT-H.
Aside from the Startup Studio program, the collaboration will include research on specific difficulties in the healthcare industry, with a focus on utilizing learnings and special talents to give people with the chance to live healthier lives.
According to the firm, ideas submitted by participating entrepreneurs will be examined by industry and functional experts from Optum and IIIT-H for further discussion and potential investment.
Optum Chief Information Officer Phil Mckoy stated, “India’s burgeoning startup ecosystem provides a fantastic potential for collaboration in the development of several advancements in the health technology industry. We want to encourage this through our Optum Startup Studio program”.