A group of students from the Bangalore-based Indian School of Business (ISB), who have designed a social enterprise called NanoHealth, have been invited to present their ideas at the Clinton Global Initiative Summit to be held in in New York in September.
NanoHealth uses innovative technology to create local health networks for urban slum-dwellers, bringing cost-effective healthcare to their doorstep.
The students entered their business idea at the Hult Prize 2014. The healthcare challenge is set by the Clinton Initiative, headed by former US president Bill Clinton, in association with the Hult Prize; and is known as the largest student competition in the world. Its aim is to tackle non-communicable diseases in urban slums.
Over 11,000 teams from more than 300 global universities participated in the competition. After rigorous screening, 170 teams were invited to the regional finals held in six cities – London, Dubai, Sao Paulo, Boston, Shanghai and San Francisco.
Healthcare leaders, public policy experts and global business leaders further narrowed down the field to six teams, one from each city to move onto the global finals, ISB said in a press release on Friday.
The ISB team, comprising Ashish Bondia, Manish Ranjan, Ramanathan Lakshmanan, Adit Vaish and Praveen Kumar Maranganty, won the regional finals at Sao Paulo.
According to ISB, this is the first time an Indian team has entered the finals in the Hult Prize 2014 competition. The other six finalist teams are from France, Spain, USA and Canada.
All the teams will go through an accelerator programme that provides mentorship and support, with up to seven weeks of stay in Boston.