The healthcare technology unit of GE will provide $50 million funding, aimed at improving services of healthcare startups in developing countries.
GE Healthcare has set up an accelerator – five.eight, which is part of its Bangalore-based Sustainable Healthcare Solutions (SHS). According to GE, it is estimated that more than 5.8 billion people in the world lack access to quality, affordable healthcare. Hence the name five.eight.
The first company to join the programme is Bangalore-based Tricog that focusses on improving survival rates of heart attacks in India.