Investment News – NIDHI SSS

Venture Center has invested in three healthcare startups – Dee Dee Labs, Sensivision Health Technologies, and Nayam Innovations – under the NIDHI-SSS (National Initiative for Developing and Harnessing Innovations-Seed Support System), an umbrella programme of the DST (Department of Science & Technology) of Government of India.

Dee Dee Labs is an innovation-driven company working in the healthcare domain. They are working on developing a non-invasive multigrasp myoelectric prosthetic arm for transradial amputee population in India and the Indian subcontinent. Their bionic arm technology platform is designed to restore anatomical function, lost by amputation, by using intelligent hardware and algorithms that can respond in a human-like way.

The funds will be invested in product development and pilot testing of the prototype. This will help them reach a stage where they can show the beta version of the product and raise further investment.

Nayam Innovations is a biomaterial based company working towards developing novel Intra-Ocular Lens (IOL) to provide spectacle-free vision to patients undergoing cataract surgery.

Sensivision Health Technologies is a medical device company focused on the critical care segment of Neonates. Sensivision has developed a patented and first-of-its-kind integrated device to predict, monitor and treat Hypoxic Ischemic Encephalopathy (HIE) in new-borns. It is a portable cooling system with amplitude integrated EEG for monitoring and prognosis. This device can be used in emergency cases where a newborn needs their body temperature to be regulated. The investment will help in clinical investigations and commercialization of the device in the coming months.

More about the NIDHI Seed Support System

NIDHI-SSS (National Initiative for Developing and Harnessing Innovations-Seed Support System) is an umbrella program of the Department of Science and technology that provides financial assistance up to Rs. 1 Crore to potential startups with promising ideas, innovations & technologies.