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April 2013

Opportunities for Innovation at the BoP within India’s Healthcare Industry

Perzen Patel's picture

Healthcare has become one of India’s largest sectors – both in terms of revenue and employment. Although the country’s healthcare industry is projected to continue its rapid expansion, with an estimated market value of US $280 billion by 2020, increased population growth in India’s low-income communities has resulted in a lack of affordable and easily accessible quality healthcare for millions of people.

As a comparison China has 30 hospital beds every 10,000 people, whereas India has only 12. The figures are even more alarming for nurses. In the United States there are 98 nurses per 10,000 people and in India there are only 13.

Despite government efforts to improve widespread access to quality healthcare, India’s existing infrastructure continues to be insufficient resulting in limited treatment options, especially for low-income families.

Recognizing the need for innovation within healthcare, in 2012, Ennovent, a business accelerator, partnered with the University Impact Fund, one of the world’s first student driven impact-investing firms, to research the opportunities available for entrepreneurs, investors, mentors and experts to add value to the Indian healthcare industry.

Former DM Grantee D.Light Wins Prize!

Dougg Jimenez's picture

d.light logo - photo credit: www.zayedfutureenergyprize.comD.Light design, a Development Marketplace (DM) grantee (through the Lighting Africa Program in 2008), was chosen as the recipient of the prestigious Zayed Future Energy Prize, the world’s largest annual award in the renewable energy and sustainability sector.

"We are very honored to win the Zayed Future Energy Prize," said d.light Chairman and CEO Donn Tice. "d.light represents an essential part of the future of energy: small-scale, distributed energy solutions at the community, household and individual level. Winning this prize will enable us to transform millions more lives that we would not otherwise reach as quickly. This is not just a win for d.light, but for everyone without access to reliable grid power.