Hyderabad: Medix Global, a pioneering global healthcare management company, announces the launch of the Digital Health Innovation Challenge 2023 for start-ups and innovators creating cutting-edge digital health solutions.
The challenge focuses on tech start-ups catering to healthcare issues linked to Women’s Health and Mental Health. The two-month challenge, scheduled to conclude in August 2023, invites entries starting June 28, 2023. A panel of distinguished judges, consisting of healthcare experts, investors, technology leaders, and influential figures in women’s health, will evaluate the submissions based on innovation, feasibility, scalability, and potential impact.
Speaking about the Digital Health Innovation Challenge 2023, Sigal Atzmon, Chief Executive Officer, Medix Group, says, “The national statistics and decreased workforce participation showcase an alarming picture with respect to Women and Mental health in India. This is a wakeup call for each of us to take initiative. While significant strides have been made by the government of India in this area, it becomes our collective responsibility to work towards mitigating these issues as well. The Digital Health Innovation Challenge 2023 is one step in that direction. Through this competition, we create a platform where initiative, pro-activity, innovation, and technological development can come together to make a difference in society.”
In 2021–22, only 29.4 per cent of women in the working age group were part of India’s labour force, a much lower figure compared to the early 2000’s. To sustain and even accelerate economic growth, it is imperative to increase the participation of women in the workforce. This necessitates providing better care for women’s physical and mental health, enabling them to overcome barriers and contribute to the economy.
According to national statistics, in the last two years, over two lakh women in the country have lost their lives due to cervical cancer and breast cancer alone. The mortality rate in India was higher than the Asian rate of 34 percent and much higher than the global average of 30 percent. Mental health is a significant concern that directly impacts productivity and economic growth. Indian employers bear a staggering cost of approximately $14 billion each year due to mental health issues. This underscores the urgent need to prioritize mental health support and create accessible solutions that can alleviate the burden on individuals and employers alike.
To participate in the Digital Health Innovation Challenge 2023, start-ups are invited to submit their applications through the official competition website at www.medix-startups.com. The submission deadline for entries is July 21, 2023, giving start-ups ample time to refine and showcase their innovative solutions.