In a bid to foster entrepreneurship in India’s nascent healthcare sector, Bengaluru-headquartered Aster DM healthcare, investment firm Life Science Vision Capital and non-profit start-up incubator Social Alpha have jointly set up an incubator-cum-accelerator, per a report by news agency PTI.
The platform called XHealth Innovation Lab will reportedly have an initial corpus of $50 million. The two investors have so far given a commitment for 60 per cent of the funding, the report added, quoting a source privy to the development.
