Pune: The Indian School of Business (ISB) team from India has become the first from the country to reach the finals of Hult Prize 2014 competition, known to be the largest student competition in the world. The students have entered the competition as winners of the regional finals at Sao Paulo.
They will be presenting their idea at the Clinton Global Initiative Summit in New York, later this year. The project is a social enterprise dubbed as “NanoHealth”, which uses innovative technology to create local health networks for urban slum dwellers, bringing cost-effective healthcare to their doorstep. The ISB students who are a part of the NanoHealth Team include Ashish Bondia (primary care physician), Manish Ranjan (business process re-engineering consultant), Ramanathan Lakshmanan (financial services and risk management specialist), Aditi Vaish (marketing and communications expert) and Pranav Kumar Maranganty (technology design expert).
The Healthcare Challenge had been initiated by Bill Clinton, President of the Clinton Global Initiative to tackle non-communicable diseases in urban slums, in association with the Hult Prize.
Over 11,000 teams from more than 300 global universities had participated in the competition. After rigorous screening, 170 teams had been invited to the regional finals held in 6 cities – London, Dubai, Sao Paulo, Boston, Shanghai and San Francisco – simultaneously. Healthcare leaders, public policy experts and global business leaders further narrowed down the field to six teams, one from each city for the global finals. The ISB team wowed the jury at Sao Paulo with their keen understanding of business, healthcare and technology.
The other six finalist teams hail from France, Spain, USA and Canada. All the teams will go through an accelerator programme that provides mentorship and support with up to seven weeks of stay in Boston. The teams will make their pitch at Clinton Global Initiative’s annual dinner hosted by former US President Bill Clinton at New York in September, 2014.
NanoHealth’s idea combines innovative use of technology and a novel business model to establish local health networks and bring cost-effective healthcare to the doorstep of urban slum dwellers, which in turn will reduce the burden of chronic diseases in the following areas – under-diagnosis, non-standardized treatment, and poor prescription adherence.