Successful Technology Startup Ideas- Where and How you get them?
Why Technology Startup? What are the advantages and disadvantages in a technology startup?
Technology and social media have brought power back to the people. Mark McKinnon
Technology, like art, is a soaring exercise of the human imagination. Daniel Bell
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Today technology touches almost everyone's life even on day to day basis. It makes life easier. The flip side appears to have created tensons and over rflowng information some times called garbage/ trash. One to interaction the essence of human race is a casuality in the technology world
The famous saying "Google it" when you are looking for something in the word wide web is similar to saying download "apps" on your smart phone.
Smartphone has been a boon for the growth of technology startups. It is reported that affordable smart phones suitable for AR/ VR are in the offing.
Smart Tech. Geeks are blessed to have many mentors and venture capitalists who are looking at breakthrough ideas with huge market opportunities.
According to the World Economic Forum, in India alone, over 6 Mn lives are lost every year due to lifestyle diseases. And the economic burden of lifestyle diseases has been estimated to be over $4.58 Tn by 2030
If you are contemplating a technology startup board the ship and join the band wagon.
Mobile app helps rural patients with pre-and post-op care
Crittenton Hospital Medical Center's new workflow includes a customized app for surgical patients who don’t have easy access to physicians.
Patients receive bite-size daily activities covering all aspects related to pre-op preparation, including nutrition, exercise, pain/risk management, mindfulness tips and information on how to properly set up one’s home to eliminate fall hazards. Once the procedure is complete, Frisch follows patients during their recovery process through the app.
“Digital technology can deliver content at set intervals and quantities that, for some, enhances understanding and retention,” he explained. “Since content is delivered over time, the breadth can be expanded to include important topics that in a traditional clinical environment we may not have the capacity to discuss.”
Medopad-Connecting patients and healthcare professionals in real time
Medopad uses remote patient monitoring applications, mobile technology and advanced data analytics to deliver a personalised care experience.The company produces a data-capture platform that connects patients and healthcare professionals in real time. Patients can continuously capture data through a variety of devices and transmit the data to healthcare professionals, who can analyse the information and intervene as required.The London-based startup was one of a handful of companies that joined Theresa May on her recent trade mission to China, where it announced more than £100 million in trade deals with leading Chinese organisations. Medopad was founded in 2011 and has since secured a total of $28 million (£20.3 million), including $26 million (£18.8 million) from a Series A round in February 2018. It aims to raise $120 million (£87 million)in equity capital over the coming months.
With a fast-growing middle class and increased usage of Internet and mobile broadband, there is a high demand for quality and affordable healthcare in India. Healthcare market in India is poised to grow from $100 billion in 2016 to $280 billion in 2020, creating huge opportunity for healthcare and healthtech companies and startups.
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The SuperDoc App offers chat-functionality for the patients to interact with their doctors. Founded in 2015 by Chaitanya Mehta, Abhishek Mane and Dr.Dinesh Rijhwani, the startup has plans to provide subscriptions for doctor and psychologist chat which will be based on a fremiummodel wherein the first chat is offered free of charge. With plans to venture into mental health counseling by certified psychologists, Superdoc wants to provide the patient community with a 24X7 access to healthcare professionals and services. The Superdoc app currently has a base of 12000 plus users with new additions ranging to about 150 per day. The firm claims to have achieved this feat organically with 27 percent of its traffic being generated from the U.S. and 9 percent from the UK. The app users actively seek medical advice for mental health, dermatology and pediatrics.
In India alone, 5 Mn people suffer heart attacks every year and 3 Mn of them don’t survive. Forget rural areas, the average time it takes to diagnose a heart attack even in urban India is 360 minutes. The chance of survival with this delay is a mere 20%. If this delay were reduced to 90 mins, the survival probability jumps to 80%. Founded by Dr. Charit Bhograj, an interventional cardiologist with over 16 years of experience, Tricog is an attempt to achieve the same.
The Tricog team has built a cloud-based ECG machine, and appointed a team of doctors who can sit at a centrally-located hub 24×7 in Bengaluru. The idea was to allow any doctor at any remote location to take the ECG data of the patient using this machine and send it via the cloud to the Tricog team of doctors.
The product and the services are offered on a pay-per-use model, so it also solves affordability issues for even small general practitioners. Also, the business model enabled Tricog to scale and reach even the remotest of locations.
Inhaled corticosteroids and bronchodilators are the cornerstone treatments for asthma.
The first medication helps control inflammation while the second provides immediate relief when symptoms flair.
Inhalers are efficient when they’re used correctly, but up to 94 percent of people who use them don’t do so in the proper manner.
“Standard of care works for approximately 90 percent of all patients when taken correctly and as prescribed,” Tonya A. Winders, president and chief executive officer of the Allergy & Asthma Network, told Healthline.
“On the other hand, studies show about 50 percent of patients with asthma are not well controlled, which leads us to believe more can be done to increase adherence.”
Enter Bluetooth-enabled smart inhalers.
These devices are designed to detect inhaler use, remind patients to use their medication, encourage proper use of the device, and gather data about a patient’s inhaler use that can help guide care.
Each time the inhaler is used, it records the date, time, place, and whether the dose was correctly administered.
“This will provide valuable insight to determine how adherent patients are to their controller medications, as well as help us understand the patterns of when a patient experiences a flare,” Winders said.
Add-on devices, which clip to existing inhalers and send data to a smartphone app, are available now.
In a clinical trial for Propeller’s add-on smart inhaler device, researchers found that participants used less reliever medication, had more reliever-free days, and improved overall asthma control over the 12 months of the study.
The first fully integrated smart inhalers should be available to consumers by the middle of the year, Winders said.
NeoLight is a medical tech startup developing empathy-driven products for newborn health conditions. Their first device, which received FDA clearance this fall, provides care for infant jaundice, a condition that occurs in 60 percent of infants, globally. NeoLight is also developing therapeutic and diagnostic tools that aim to reduce hospital readmissions caused by jaundice. The team is headed by Vivek Kopparthi, a Forbes 30 Under 30 luminary for health care, and is backed by industry leaders like Dignity Health. Recent investors include Steve Case and NFL quarterback Ben Roethlisberger, among others.
Mobility and Mobile Apps
Mobile software applications (aka mobile apps) are key to improving accessibility for patients and healthcare professionals. Mobile apps enable people to easily manage their health and wellbeing; everything from prompting them to get checkups, to finding general medical information or accessing their test results securely online 24/7 without having to book in an appointment with their GP and wait days for results. Healthcare professionals on the other hand, can quickly access information relating to diseases and drugs, images for clinical matters, continued education activities and so on.
Not only does this app cook up diet plans, but also packages good food for you
Grow Fit uses data science and medical expertise to improve health and wellness
As Jyotsna Pattabiraman says, the seeds of her venture Grow Fit were sown in the early 2000s, when she was working in the Silicon Valley and when she was carrying. Jyotsna recalls that she had a series of unfortunate events that affected her health.
“I started Grow Fit in September 2015. The idea was to just give people diet charts,” says Jyotsna.
Grow Fit now has three products – the diet chart; a range of packaged foods that is available online; and, in Bengaluru, a central kitchen that makes and delivers food in the city.
MUrgency – bringing medical emergency services under one app
Mumbai-based MUrgency is a healthcare mobile app that connects people who need emergency responses with qualified medical, safety, rescue, and assistance professionals. On the supply side, MUrgency acts as an aggregator bringing together varied emergency services – doctors, nurses, paramedics, ambulances, and first-aid assistants – all on one platform. On the demand side, users can call for emergency medical response and assistance with just one tap on the mobile app. So far, the app has responded to over 3,00,000 emergencies, helping patients during the critical hour.