- New Delhi: Indian Institute of Technology Hyderabad-incubated Startup “BeAble” has won Rs 25 lakh in funding at ‘Open Innovation Challenge 2019’ of India Innovation Growth Programme (IIGP) 2.0.
The startup is a spinoff from the first batch of Fellowship in Healthcare Entrepreneurship at Center for Healthcare Entrepreneurship (CfHE) – IIT Hyderabad, and works in the convergence of good design and technology to rehabilitate stroke patients, a statement from the institution said on Tuesday.
The IIGP 2.0 Open Innovation Challenge 2019 received more than 1,600 applications from across India.
“BeAble Health was selected as one of the winners and awarded seed grant of Rs. 25 lakh to support its market penetration and scale-up operations,” the statement said.
The IIGP 2.0 is a tripartite initiative of Department of Science and Technology (DST), Government of India, American global defense manufacturer Lockheed Martin and Tata Trusts.
Supporting the Government of India’s missions of ‘Start-up India’ and ‘Make in India,’ IIGP 2.0 works to enhance Indian innovation ecosystem by enabling innovators and entrepreneurs through the stages of ideation, innovation and acceleration to develop technology-based solutions for the future.
Congratulating BeAble on its success, Prof Renu John, Co-Head of CfHE and Head, Department of Biomedical Engineering, IIT Hyderabad, said, “The Center for Healthcare Entrepreneurship (CfHE), IIT Hyderabad, is focused entirely on boosting healthcare innovation in India. BeAble is one such example of an innovative startup coming out from the CfHE and we are sure they will make a positive impact on Indian healthcare sector.”
“IIT Hyderabad looks forward to incubating many more successful startups through CfHE,” it said.
‘ArmAble’ is BeAble Health’s first product and is aimed at solving the pressing need for an intensive, engaging and regular rehabilitation therapy for Upper Limb. It is aimed at conditions such as Cerebral Palsy, Multiple Sclerosis, Traumatic Brain Injury, Fracture and Frozen shoulder.
Highlighting the impact this Seed Grant will have on the startup, Habib Ali, a Biomedical Engineer and a CfHE Fellow who co-founded BeAble, said, “IIGP 2.0 has put BeAble Health in a position which allows us to aggressively pursue our targets. The seed granted will accelerate our pilot production.”
Further, speaking about the targets for BeAble, Mr Habib Ali, Founder and Chief Executive Officer, BeAble Health, said, “We aim to deploy around 100 devices in the coming year, which involves both sales and rent. This will allow us to deliver more than 1 Lakh hours of therapy impacting the lives of many”.