• Legacy
  • Academy
  • Business
  • PayTech
  • Ignite
  • Cellcos
  • Wired
  • CovidTech
  • Library
  • Touch Base
Subscribe
CW Pakistan

Computerworld Pakistan

CW Pakistan
  • Legacy
  • Academy
  • Business
  • PayTech
  • Ignite
  • Cellcos
  • Wired
  • CovidTech
  • Library
  • Touch Base
  • DEMO PAKISTAN
  • Ignite

HealthTech Startup Aims to Revolutionize the Industry

  • August 10, 2020
  • Content Desk
Total
0
Shares
0
0
0

Seed funding has been helping a local startup revolutionize the way the healthcare system functions.

With the onslaught of the pandemic, the world’s healthcare system has become the major structure fighting against the virus. The sector has been brought to the fore, with its major strengths and weaknesses now being exposed completely as it struggles to house thousands of patients. This has caught the interest of angel investors, it was reported from Lahore.

As the lockdown went into effect, and businesses moved online, so did the medical sector. Large scale pharmacies with enough resources initiated home deliveries and doctors set up e-clinics and online appointments for ease and safety.

This shift from on-ground facilities to a more digitized space caught the attention of VM Interactive, a UK-based digital technology company. This organization recently invested $250,000 in seed funding in Pakistan’s health-tech ecosystem via a locally indigenous startup named emeds.pk.

The Chief Operating Officer of the company, Alex Kalavrezos saw this time as a golden opportunity to invest in Pakistan’s tech industry which has been growing and progressing along with the government’s help.

“The recent pandemic has exposed vulnerabilities of healthcare systems around the globe, however, Pakistan is among the few countries that have performed relatively better,” Kalavrezos told The Express Tribune.

It can be inferred that the country then has the means to compete with some of the most developed health-care systems around the globe, in light of a strong system created for health care workers to flourish in their field.

He holds the view that this is one of the reasons why numerous Pakistani doctors and health care workers do very well in western countries with more developed health care systems.

“Having worked closely with the tech fraternity of Pakistan, I am familiar with the wealth of talent available here, so having first-hand knowledge and experience played a major role in convincing our investors,” Alex said.

The local startup, which is aiming for revolutionary changes in the concept of health-tech in Pakistan, is being supported by the UK-based company, in terms of investments and training programs. The startup also hopes to eliminate the risk of counterfeit medicines available widely in the market.

Plans for the future include working in collaboration with manufacturers to acquire medicines and store them in safe warehouses, eliminating the dependency on third party suppliers.

“Medicines are temperature oriented and if a minimum temperature is not maintained, they expire,” said emeds.pk Chief Executive Officer Umaad Sheikh. “Small scale pharmacies do not consider this fact while operating business nor do they empower pharmacists to do so.

The startup began operating in March 2020 and obtained its seed funding in the first week of July 2020.

Sheikh projected to receive the next round of investment at the end of the year which would be utilized for expansion of company operations in Punjab and the rest of Pakistan.

Despite this, there are numerous hurdles that the company is facing, and it has reached out to the government for help in this matter.

“The government is working towards improving ease of doing business in Pakistan but to do that, a special zone for online investors should be materialized to cater to the needs of start-ups,” Sheikh said.

He emphasized that tech-startups were the future, and with the government’s help and encouragement, other sectors could also improve along with this one.

Presently, tech startups face obstacles when it comes to online payment facilities, banking sector paperwork, and timely issuance of visas to foreign investors.

“The reason why most tech investors prefer India over Pakistan is the fact that our neighboring country has a proper ecosystem in place and it facilitates them in all possible manners,” he said. “A little attention by the government in this regard will bring a higher amount of tech investors to Pakistan.”

 

Source: The Express Tribune

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • Alex Kalavrezos
  • India
  • UK
  • VM Interactive
Content Desk

Previous Article
  • Computerworld

Alhamra moves online for a virtual art experience

  • August 10, 2020
  • Content Desk
View Post
Next Article
  • CIO

The Indus Hospital Selects Oracle Cloud ERP for Improved Patient Care

  • August 11, 2020
  • Content Desk
View Post
You May Also Like
View Post
  • Ignite

To boost the Economy, A Federal Minister Advises Universities to Start Offering Entrepreneurship Courses.

  • Sub Editor
  • December 12, 2022
View Post
  • Ignite

Reputation Management Jazz Xlr8 Powered Session At The National Incubation Center

  • webdesk
  • August 2, 2022
View Post
  • Ignite
  • Wired

Empowering Emerging Talent in Tech: Confiz Launches CEmerge 2022

  • webdesk
  • July 28, 2022
View Post
  • Ignite
  • Technology

The inclusion of Pakistan in Amazon’s Sellers’ List will boost exports, according to President Alvi

  • Sub Editor
  • April 15, 2022
View Post
  • Ignite
  • Technology

The Higher Education Commission (HEC) has launched e-courses to make Pakistani universities safer and more inclusive.

  • Sub Editor
  • April 15, 2022
View Post
  • Computerworld
  • Ignite

The government plans to build a software technology park in Bannu.

  • Sub Editor
  • April 15, 2022
View Post
  • Ignite
  • Technology

The government has completed its digital policy for all newspaper websites.

  • Sub Editor
  • April 15, 2022
View Post
  • DEMO PAKISTAN
  • Ignite

The National Hepatitis C Hackathon 2021 is now accepting applications.

  • Sub Editor
  • April 15, 2022
View Post
  • DEMO PAKISTAN
  • Ignite

The government has high aspirations for the IT sector.

  • Sub Editor
  • April 15, 2022
View Post
  • Computerworld
  • Ignite

The economy is booming: Bags from Pakistan Top ten rankings in terms of improving the business climate

  • Sub Editor
  • April 15, 2022
View Post
  • Computerworld
  • DEMO PAKISTAN
  • Ignite

Shafqat Mahmood, Minister of Education, Launches IBCC E-Portal And Mobile App For Education Sector

  • Sub Editor
  • April 15, 2022
View Post
  • DEMO PAKISTAN
  • Ignite

Teams from NUST and FAST are the national champions of the Microsoft Student Hackathon

  • Sub Editor
  • April 15, 2022
View Post
  • DEMO PAKISTAN
  • Ignite

The federal and provincial governments have agreed to fund a technology university in Sialkot.

  • Sub Editor
  • April 15, 2022
View Post
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

The Board of Investment has launched an online portal for Special Economic Zones.

  • Sub Editor
  • April 15, 2022
View Post
  • DEMO PAKISTAN
  • Ignite

Smart Village Projects are being launched by the Pakistani government across the country.

  • Sub Editor
  • April 15, 2022
View Post
  • Ignite
  • Technology

SBP proposes changes to regulatory guidelines for global digital marketplaces.

  • Sub Editor
  • April 15, 2022
View Post
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

Shibli Faraz reports on PSQCA’s plans to launch an automated system to speed up the standardisation process.

  • Sub Editor
  • April 15, 2022
View Post
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

Teachers in Punjab now have access to an electronic transfer system.

  • Sub Editor
  • April 15, 2022
View Post
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

SBP Simplifies the Process of Increasing Overseas Investment for Startups

  • Sub Editor
  • April 15, 2022
View Post
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

PTCL and GCU have signed an agreement to provide premium ICT services.

  • Sub Editor
  • April 15, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about
About
Launched in 1967 internationally, Computerworld Magazine is the oldest tech magazine/media property brand in the world. Today Computerworld (abbreviated as CW) is an ongoing decades old professional publication which in 2014 "went digital”. In Pakistan Computerworld was launched in 1995. Initially providing news to IT executives only, once CIO Pakistan from the same family launched, and took over the domain, CW Pakistan has slowly emerged as a holistic technology news platform reporting everything tech in the country. It remains the oldest running continuous IT media publishing platform in the country and approaching 3 decades of existence, it has been the industry’s biggest benchmark and hopes to continue for years to come.
Read more
Explore Computerworld Sites Globally
  • ComputerWorld.es
  • computerworld.com.pt
  • Computerworld.com
  • cw.no
  • computerworldmexico.com.mx
  • computerwoche.de
  • computersweden.idg.se
  • computerworld.hu
  • cwi.it
  • project.nikkeibp.co.jp
Content from other IDG brands
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • GameStar
  • Network world
CW Pakistan
  • CWPK
  • CXO
  • WALLET
  • Demo
CW Media & all its sub brands are copyrighted to SPIN-IDG Wakhan Media Inc., the publishing arm of NCC-RP Group. Site is designed by Crunch Collective ©️ 2022

Input your search keywords and press Enter.