THE UK government has invited applications from healthtech start-ups from India to participate in TeXchange 2020: Healthcare Innovation.
The applications are being invited through the UK’s Tech Hub Network.
Besides India, the British government has invited applications from three African countries – Kenya, South Africa and Nigeria – to participate in the event.
The most innovative start-ups will be selected to come to the UK and participate in TeXchange, February 2020.
This will be an early initiative of the UK-India Tech Hub, which aims to develop UK-India tech collaborations, create skilled digital tech jobs and stimulate the digital economy of both the UK and India.
The hub was announced last year as part of the wider UK-India Tech Partnership.
Digital Minister Matt Warman said: “We are giving the brightest global entrepreneurs focused on the development of innovative healthtech solutions the unique opportunity to come to the UK and showcase their solutions to the UK’s healthcare sector.
“Texchange will help to build connections for global innovative start-ups and demonstrate that the UK is the place to grow and scale your tech business.”
TeXchange is an immersive three-day programme that offers participants direct access to the UK’s top corporate and government agencies through public events, meet-ups and presentations.
TeXchange 2020: Healthcare Innovation will focus on AI and big data in healthcare, early detection of diseases, population health, telemedicine, and diagnostics.
The key stakeholders involved in the event will include healthcare start-ups, British healthcare companies, and leading UK service providers and intermediaries.
Since 2013, TeXchange, the flagship programme of the UK-Israel Tech Hub, has exposed British businesses to some of the world’s best innovators.
India is home to a thriving digital sector worth approximately £160 billion ($200bn).
India’s healthcare is forecast to be valued at over £224bn ($280bn) by 2020. There are estimated to be over 5,000 start-ups in the healthtech space, which raised more than £400 million ($500mn) between 2014 and 2018.
The UK government is building an International Tech Hub Network to support entrepreneurs around the globe.