Pune: ZS PRIZE – a healthcare innovation challenge launched by ZS, a global professional services firm – just announced the winner of its maiden program. The eight-month program received over 2,900 submissions from 33,000 registrations on various health care innovations, the best eight of which were announced for the latest edition.
Industry experts at ZS and the eminent jury – Ravi Venkatesan (Founder, G.A.M.E, ex-Microsoft, Board member Bank of Baroda), Kiran Mazumdar Shaw (Biocon), Sangita Reddy (Apollo), Prof Srinath Reddy (Public Health Foundation of India) among others — provided relevant mentorship and ongoing feedback throughout the span of the challenge. ZS PRIZE winner will each receive a monetary award that will help them take the necessary steps to bring their prototypes closer to reality.
Know the winners:
The first-place award was given to Stamurai, a mobile app that provides speech therapy for stuttering and speech impairments through an automated solution. As the winner, team Stamurai was awarded a cash prize of Rs. 75 lacs to further develop and scale their solution.
The other two winning solutions are OmniPD, a portable dialysis solution that renal patients can use anytime, anywhere, and Ameliorate Biotech, a rapid testing kit that can accurately detect and differentiate between mosquito-borne diseases like Malaria, Chikungunya, and Dengue. Each of these two runners-up teams received Rs. 25 lacs to develop these solutions further, enabling a faster scale-up.
Other honorary mentions were given to CareMother, a fetal monitoring device for pregnant women, and MedPrime Technologies, a digital macroscopy machine that meets the scarcity of pathologists in India who will also be awarded a cash prize of 10 lacs INR.
ZS PRIZE was launched in October 2020 to bring affordable, accessible, and transformative healthcare solutions to the Indian and global healthcare segment. With a focus on advancing healthcare innovation using data, analytics, and technology, the programme intended to act as a catalyst in driving innovations further and creating a large impact on the Indian healthcare landscape.
At the awards ceremony on July 2, Ravi added, “We witnessed India’s worst public health crisis, and while everybody was affected, once again, it is the poor, weak, and old who were disproportionately impacted. The second wave highlighted the urgent need for a tremendous amount of innovation to make healthcare in India preventive, affordable and accessible. This can only happen if many more people across our country are inspired to apply their minds and technology to solving healthcare issues with ideas both small and large.”
Besides Ravi Venkatesan, the jury included Kiran Mazumdar Shaw, Executive Chairperson, Biocon; Sangita Reddy, Joint Managing Director, Apollo Hospitals; Dr. Dipak Jain, President (European) and Professor of Marketing at China Europe International Business School (CEIBS), Former Dean of Kellogg School of Management; Prof. K. Srinath Reddy, President, Public Health Foundation of India; Vijay Chandru Reddy, Founder, Strand Life Sciences; Sandeep Singhal, Entrepreneur, Pioneer in Indian Venture Capital Industry; Dr. Ferzaan Engineer, Co-founder, and Chairman, Cytecare Hospitals.