The only Indian company in the top 22 semi-finalists of InvestHK 2013 StartmeUP Venture Programme of Hong Kong, out of 384 entries, is Forus Health Pvt. Ltd. “I don’t know whether we will get into top 12, but still to get into the list of top 22 is a proud moment,” says K. Chandrasekhar (KC), CEO of Forus.
This year’s Venture Programme of StartmeUP HK, received 384 entries from 43 countries including the US, Israel, the UK, Canada, India, Malaysia, Korea and Japan. From Hong Kong, there were 70 entries.
The 22 semi-finalists include eight ventures from the US, three from Canada, two each from Hong Kong and Israel, and one each from Denmark, France, India, New Zealand, Spain, Sweden and the UK, informs the press release. “Their ventures range from air pollution monitoring to a sports coaching application, robotics, sustainable packaging, interactive communications solutions and more.”
Each semi-finalist was chosen by the assessors for the scale of the problem/ opportunity being addressed, the effectiveness of the solution and its impact, their venture’s viability, sustainability and scalability, and the economic benefit to Hong Kong in terms of knowledge and skills, job creation, social and environmental value, the communiqué states.
“These 22 semi-finalists will be interviewed by assessors at the end of September to become one of the 12 Finalists who will take part in the StartmeupHK Week from 4-7 December in Hong Kong. At the culmination of this year’s programme, the Venture Forum on 5 December, three Grand Award Winners will be chosen by the judges and attendees.”
Forus Health addresses the healthcare delivery crisis in the developing world through innovative and inclusive product design and service deployment, such as 3nethra, an intelligent pre-screening ophthalmology device. “We develop affordable technology solutions that can easily be used by a minimally trained technician, thereby making health service accessible and scalable. We strongly believe that by ‘Democratising Wellness,’ we can play an active role in addressing healthcare issues in India and around the world,” the company site announces.
InvestHK is the department of the Hong Kong Special Administrative Region (HKSAR) Government, established in July 2000, to take responsibility for foreign direct investment (FDI), as well as support overseas, Mainland and Taiwan businesses to set up or expand in Hong Kong. InvestHK has completed 3,000 investment projects creating more than 33,950 new jobs in the first year of operation or expansion, and over HK$78.6 billion of investment, the press release of InvestHK informs.