Discovery has announced 17 South African medical technology entrepreneurs who will be travelling to the US as part of Discovery’s first Discovery Entrepreneurs MedTech Silicon Valley Programme.
The MedTech programme is part of Discovery’s Enterprise and Supplier Development initiatives, and aims to provide local medical technology entrepreneurs with the opportunity to network and learn in a global market.
Discovery, in partnership with En-novate, will take these participants on a week-long educational business trip from 26 November to 5 December 2016 to Silicon Valley to explore technology-driven innovations and how these are transforming healthcare in the US, as well as alternative approaches to venture capital.
Discovery launched the programme in September 2016 during a session held to discuss the use of technology as a driver for reducing medical inflation.
“Technology is rapidly influencing and changing the healthcare industry. The use of video consultations, health apps and smartphone-enabled diagnostic tools are gaining traction across the world,” said Discovery Health’s Deputy CEO, Dr Ryan Noach.
“This is an industry that has the ability to disrupt the game, and with this programme, Discovery will provide promising entrepreneurs in this field with the opportunity to network and learn in a global market,” continued Dr Noach.
Entrepreneurs were invited to submit ideas that demonstrate innovation in terms of product or service, delivery model or social innovation (broad base market reach) for advancement of the health and wellness sectors. The 17 participants were selected after a rigorous selection and interview process.
The selected participants will receive business mentorship, and they will have access to business development and procurement support, and supply chain and investment opportunities following their inspirational tour to the US.
The Discovery MedTech participants are:
|Coincido||Ms Lebo Shange||Medical diagnostics company|
|Geo-Q Technologies||Mr Zukhanye Mayekiso||Mobile interactive mapping|
|hearX Group||Mr Nic Klopper||Mobile hearing detection devices|
|iMed Tech||Ms Nneile Nkolise||3D modelling|
|iVacBio||Ms Sibongile Gumbi||Local vaccine manufacturing|
|Iyeza Health||Mr Siraaj Adams||Health logistics company|
|LifeAssay Diagnostics||Mr Robin De Cauwer||Affordable diagnostic tests|
|Look See Do||Mr Dean Hodgkiss||Remote equipment monitoring|
|Mediswitch||Mr Andrew Brown||Electronic claim switching|
|M-Squared Medicals||Ms Masego Mohajane||Medical engineering company|
|Niche Integrated||Ms Nisha Maharaj||Tech-driven management|
|Patient Focus||Mr Jacques du Toit||Validated point of care solutions|
|RecoMed||Mr Sheraan Amod||Online healthcare booking|
|Sancreed (Pty) Ltd||Mr Graham Rowe||Tech-enabled disease coaching|
|Thinta Diagnostics||Mr Dayne Morkel||Medical devices company|
|UDo Test||Ms Allison Martin||Home-testing kits|
|UX Foundry||Mr Patrick Carmody||Pharma-centric instant message|
Detailed information about the programme and updates are available on the Discovery website and social media channels.