Nano Health, a group of five alumni of ISB, was the first ever entrant from India in the global finals.
A group of five alumni of the Indian School of Business (ISB) has won the prestigious Hult Prize and a USD 1 million funding support from the Clinton Global Initiative (CGI).
The prize was given away by Bill Clinton, former President of the USA, and Muhammad Yunus, founder of Grameen Bank, at a high profile event held in New York city last evening.
The winning team - Nano Health - comprised of Aditi Vaish, Ashish Bondia, Manish Ranjan, Pranav Kumar Maranganty and Ramanathan Lakshmanan, who participated in this competition earlier this year as students of the Class of 2014 at ISB.
ISB Dean Ajit Rangnekar was present at the global event, and shared the historical moment with the team.
Congratulating the Nano Health team, he said, "It's a proud moment for all of us at ISB, as our alumni team was the first ever entrant from India in the global finals. This is a culmination of the efforts of the students, supported by the faculty, the Max Institute of Healthcare Management at ISB, and everybody associated with the team."
The team studied healthcare courses designed and offered by the Max Institute of Healthcare Management at ISB. They also received assistance from the institute, faculty, and the D-Labs accelerator.
The objective of the HULT Prize, the largest student business plan competition in the world, is for teams to design a social enterprise - an annual challenge set by former US President Bill Clinton. "Solving Non-Communicable Diseases in Urban Slums" was the challenge for participants this year.
The teams had to all propose solutions that would impact at least 25 million people in urban and semi-urban areas.
The ISB group competed against teams from USA, Latin America, the Middle East and China.
Nano Health has received support from industry and the Telangana government in implementing its business plan. It recently partnered with GVK Biosciences' proprietary HEART (Health Emphasized Analytical and Reporting Tool) platform, a cloud-based healthcare analytics framework with multiple applications including the multilingual Disease Management Application.
The Ministry of Information Technology and Panchayat Raj, Government of Telangana, also offered to extend support to the Nano Health team. (INN)