A team of five students from India will represent in the summit which will held at New York. The five students take up the health challenge.
What their idea is?
The Five students are going to present their idea of creating a network of local physicians and urban slum dwellers on the mobile application platform at the annual Clinton Global Initiative Summit in New York in September.
Who are the minds behind the idea?
Dr Ashish Bondia, Manish Ranjan, Ramanathan Lakshmanan, Aditi Vaish and Pranav Kumar Maranganty, all students of the Indian School of Business (ISB), Hyderabad, will present their ‘Nano Health’ project along with five teams from France, Spain, US and Canada to compete for the Hult Prize.
The project makes use of technology and a disruptive business model to establish local health networks and brings cost-effective healthcare to the doorstep of urban slum dwellers. The aim is to negate the impact of chronic diseases, which get aggravated due to under-diagnosis, non-standardised treatment and poor prescription adherence.
First time for India– It is the first time that an Indian team will take part in the final round of this annual prize, awarded to teams which come up with ingenious solutions to the world’s healthcare needs. The prize was launched by Bill Clinton in 2010. Working extensively on urban slums, the team was exposed to various healthcare challenges that such residents face.
The audience and the jury at the summit will include Nobel laureate Muhammad Yunus, heads of states and leaders in the healthcare and social entrepreneurship sector.
The winners will receive a seed capital of $1 million for their social enterprise.
“Nano Health is a social enterprise concept that builds local physician networks for slum dwellers to tackle the rising burden of chronic disease. The initiative’s aim is to ensure that a patient is monitored throughout the entire life cycle of a disease.” – Elaborates Lakshmanan, a former financial service and risk management specialist.
Maranganty, who previously worked as a technology designer, shares, “We found that the traditional ways of looking at healthcare issues — the triangle of affordability, access and quality — must be adapted to face the challenges by non-communicable diseases.”