Affordable and appropriate medical devices and diagnostics are an integral part of an effective healthcare system, but continue to be a critical unmet need for billions of consumers in emerging markets like India. This gap exists because Western MedTech innovation (directed, as it is, towards resource-rich, reimbursed, price-insensitive markets) is fundamentally misaligned with the resource and skill-constrained, self-pay, price-sensitive emerging markets. This critical need is fast becoming a generational market opportunity as MedTech expenditure explodes globally, reaching $42 billion in India, and over $200 billion in BRICS by 2025. Emerging markets require a new kind of innovation, Affordable Innovation, which results in products that effectively address the resource-constraints, skill gaps, and price sensitivity endemic in these markets.
InnAccel has created India’s first MedTech innovation platform, anchored by state-of-the-art R&D facilities and a network of national and global partners, to drive such innovation, and transform healthcare globally.
To be the global leader in MedTech Innovation for global emerging markets
To create a portfolio of medical products designed, engineered, and PRICED, for global emerging markets
Initiate 40 transformational MedTech projects, addressing critical unmet needs with large markets globally, by 2020
Launch 25 transformational medical products, and impact 25 million lives, by 2025
InnAccel is driven by a highly experienced, entrepreneurial, and multi-disciplinary team that brings the right expertise, experience, and relationships to startups.
Siraj is a successful entrepreneur, healthcare professional and active angel investor in MedTech and IT. Previously, he founded and led PharmARC, a healthcare marketing analytics and consulting firm (INR 50+ cr revenues; sold to IMS Health). He also has experience in pharmaceutical marketing (BMS, NJ) and healthcare investment banking (UBS, NYC).
AVR is a MedTech veteran with 35+ years experience including stints as Head of Product Development at GE Medical Systems, Chief Executive at Wipro Health Sciences, and VP at Hewlett Packard. Previously, he led the development of India’s first robotic system for tumor ablation at Perfint Healthcare.
He is a practicing ENT surgeon, Stanford-India Biodesign Fellow, and an MBA in Entrepreneurship and Hospital Management. A serial innovator, with over 20 inventions, his core expertise is in the process of identifying and analyzing unmet clinical needs for quick development of low-cost and high quality medical devices.
A product engineering professional with 20+ years of medical device domain experience in end-to-end product development, product life-cycle management, program management, and quality & regulatory systems. Prior experience at GE Healthcare, Baxter, Gendex Imaging, and L&T Medical where he worked on products for Indian and global markets.
At InnAccel, Ram is involved in building the acceleration pipeline for new MedTech startups and has expertise in MedTech market sizing, segmentation and estimation, which he does for InnAccel’s internal projects, accelerated startups, and external project evaluations. He was part of InnAccel’s first AIM Program that resulted in the formation of a startup working in critical care.
She is Biomedical Engineer from the University of Cincinnati, where she focused on Medical Device Innovation and Entrepreneurship. She has prior experience working as a Clinical Research Fellow in Emergency Medicine with the US FDA, internships at Johnson and Johnson, Cincinnati Children’s Hospital, and Huiheng Medical.
A qualified CA with 20+ years of experience working in strategic financial planning, budgeting & MIS, fund sourcing and management, accounts & auditing, as well as in taxation. He has previously worked at PharmARC, Global Healthline, and Guardian Healthcare. He has expertise in mapping business requirements, designing & implementing systems towards cost control, steering formation of companies, and coordinating project finance.
Front Office Executive
Muniraj provides administrative and operations support at InnAccel. His responsibilities include managing the office’s functional requirements, logistics and implementing daily administrative tasks.
Umesh comes to the InnAccel team with vast experience working in the accounting and banking domains. He has 20+ years of experience working in core accounting functions including statutory compliance, including 12 years in the Banking sector. He previously worked at the Hubli Urban Co-Op bank in the operations team.
InnAccel is advised by industry leaders and visionary thinkers, who have set new benchmarks in the Healthcare and Technology industries.
Mr. D. A. Prasanna
A pioneer of India’s MedTech industry, he was the startup CEO of GE Medical Systems, where he helped build a $300+ million global business. He also served as the Executive Chairman of the Manipal Group and developed a research focus for the health-to-education entity. He was a founding team-member of Wipro Technologies and has served as Vice Chairman of Wipro.
A veteran at Aravind Eye Care System, he runs the Lions Aravind Institute of Community Ophthalmology. He served as South-East Asia’s Regional Chair for the International Agency for Prevention of Blindness, and is the founder and past President of Vision 2020 – Right to Sight India. He is a Schwab Fellow and earned his MBA at IIM Calcutta.
Dr. Brian Weeks
A global balloon sinus dilation expert, Dr. Weeks is a successful ENT, head & neck, reconstructive / skull-based surgeon based in San Diego, California. He has advanced training in endoscopic sinus surgery and is an international leader in balloon sinusplasty. He was rated Top-ENT- Otolaryngologist by US News for 3 successive years.
InnAccel has formed strong partnerships and relationships with a number of national and global entities. Our partnerships with medical colleges and hospitals in Bangalore enable our teams to gain clinical input, conduct fieldwork, and carry out early testing of products. Our relationship with leading academic institutes provides access to top-notch students as well as strong engineering and technical expertise. In addition, our global partnerships enhance the flow of ideas, funds, and entrepreneurs to the MedTech startup ecosystem in India. Some of our key partners are listed below.