AI and Robotics PitchFest Selection
Inavya has been selected by the Knowledge Transfer Network to join an Investment Readiness Group to accelerate growth. The UK-based SME companies is this group are all developing cutting-edge AI and Robotics technologies. The series of investment readiness training and networking activities is delivered by leading experts in innovation financing.
The timing for these capacity-building activities aligns very well with Inavya’s development plans, which is targeting precision medicine initially, with a focus on lifestyle-related conditions. By 2020, 50% of global health care expenditures - about $4 trillion - will be spent on lifestyle conditions such as heart disease, stroke and diabetes. With global population of over 65 years old projected to increase by 8% by 2020, market demand will increase. Inavya intends to capture at least 0.25% ($10 million annual) of this large and growing global market.
Inavya is currently preparing for commercial deployment in Singapore, in collaboration with clinicians at the National Heart Centre. With direct access to clinicians and paying patients in up 43 countries, Inavya is currently hardening our technology and market offer in preparation for global scale-up.