Nine dedicated start-ups competed at CeBIT Australia’s annual PitchFest on Wednesday 4 May, with NetHealth crowned the winner after a competitive series of pitches in front of renowned judges Steve Baxter, Founder, River City Labs and Shark, Shark Tank Australia; Brad Rosser, Founder, TiE Board and Charter Member, BSF Group; and Dennis Silvers, Director, TiE Sydney.
NetHealth is the next generation tele-monitoring platform provider in the eHealth space, letting users take control of their health and well-being. The platform Net-HealthData helps users manage chronic conditions, as it sends the users’ clinically important information through wireless devices to their doctor in real time. Blood pressure, blood glucose, weight, heart rate and pulse can be assessed to enable better diagnosis during a consultation or continuously monitored. It integrates with clinic management software making it easy to use for both patients and doctors.
Vidya Nallamad, CEO and Founder of NetHealth, has a passion for health management having spent 10 years in the medical software industry working for various corporations like GE Medical Systems and Philips Medical Systems. She pitched the idea to a full house of ICT professionals, highlighting the key benefits of incorporating technical innovation with patient care.
“I am absolutely thrilled to have been crowned the winner of CeBIT PitchFest 2016; it is a privilege to go up against innovations that are set to make positive impacts on the healthcare industry.
“PitchFest presented a great opportunity for us to share our vision and our innovative solution that will transform how chronic medical conditions are managed, to a range of investors, corporations, potential users and government agencies. It was a very competitive process and one we feel unearthed a range of fantastic opportunities, we cannot wait to share our product with the CeBIT community as it continues to grow.
“We presented the judges a detailed analysis of our start-up including an outline of our product team and previous successes. I believe our win was due to clearly articulating what our product was and the market that we were targeting along with a clear business model.
“We provide technology that can enable people with chronic conditions, especially diabetes and hypertension to manage their health and enable their well-being. These chronic conditions are Australia’s greatest health challenge and we are here to help people manage these conditions and provide them with better patient care. This is Net-HealthData’s key point of difference that it offers benefits to both doctors and users,” said Ms Nallamad.
Nitin Singhi, Vice President and Director TiE Sydney announced NetHealth as the winner of CeBIT PitchFest after a fast paced interactive competition that saw Blrt come in second place - an app that enables users to talk, point and draw over images, documents and websites on any device, enabling faster communication and collaboration. Shippit came in third place, a service simplifying shipping using multiple carriers, enabling easier bookings and providing tracking services for companies of all shapes and sizes.
As the winner of PitchFest, NetHealth won a package valued at over $20,000 including an exhibition stand at CeBIT 2017, $1,000 per month hosted Cloud Services from OrionVM for 1 year and a fully sponsored scholarship to the Capital Pitch x Investor Ready course for start-ups valued at $1,000.
Winners of CeBIT PitchFest have gone onto become multi-million dollar, multi-national companies. Previous winners include Ingogo, now installed in thousands of taxis across Australia and Mathspace which has grown phenomenally in just a few short years to be available in over 20 countries.