Taking a bet on the use of new-age tech in healthcare, Kauvery Hospital Group, has invested an undisclosed sum for a minority stake in IIT-Madras incubated startup MediSim VR. The funding comes from its investment arm Healthcare Capital set up two years ago.
MediSim VR leverages virtual reality (VR) in the area of medical simulation training. With a patented technology, it delivers immersive skill training to medical college students. Their built-in AI-based competency assessment tool also provides performance metrics. Incubated initially at the HealthTech Incubation Cell (HTIC) of IIT-M, MediSim VR is also the first Indian company to be a resident company of Johnson & Johnson InnovationLabs, Boston.
The Kauvery group believes that using MediSim’s solution, healthcare professionals will be able to train in real-world work scenarios in a risk-free environment. “This is our first investment out of Healthcare Capital, and we plan to invest in five-six more startups in the next two-three years, as need arises,” Manivannan Selvaraj, founder and MD, Kauvery Group of Hospitals, told TOI. The technology has potential to act as a fi nishing school for colleges and we also intend to help our partnereducational institutions leverage MediSim’s solution, he added.
Sabarish Chandrasekaran, co-founder and CEO, MediSim VR, said that the association with the healthcare major will help them to scale the technology and funds will also be used toward further R&D in the areas of patient-facing VR technology. “Seniormembers of the Kauvery team will also help us in creating content and training solutions for doctor and nurses training besides medical students training. MediSim already has a customer base of 1500+, and with this support from Kauvery, it plans to take this technology to over 200 medical institutions in the next three years. The healthcare group aims to leverage tech in ventilator and ECMO management, which have recently emerged as critical care areas post Covid. It is also investing in AI-powered data analytics solutions and said that it will soon also launch advanced digital ICU platforms for ICU monitoring.
Original News Link
https://timesofindia.indiatimes.com/city/chennai/kauvery-hospital-group-invests-in-iit-m-startup/articleshow/96098869.cms
