Press Releases

ISB Alumni Team wins Hult Prize and USD 1 million in prize money from HULT and Clinton Foundation

Nano Health founded to provide cost effective Healthcare services to slum dwellers by using innovative technology
 

Hyderabad | Mohali, September 24, 2014:  A group of five alumni  from 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 the Grameen Bank, at a high profile event held in New York city last evening.  http://www.hultprize.org/. 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 the ISB.
 
Ajit Rangnekar, Dean , ISB  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 into the global finals. This is a culmination of the efforts of the students, supported by the faculty, the Max Institute of Healthcare Management at the ISB, and everybody associated with the team.” The team studied healthcare courses, designed and offered by the Max Institute of Healthcare Management at the 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 the Urban Slums” was the challenge for participants this year. All teams had to propose solutions which would impact at least 25 million people in urban and semi urban areas. The ISB group competed against teams from the USA, Latin America, the Middle East and China.

Nano Health has received support from industry and the Telangana government to implement their business plan.  They have recently partnered with GVK Biosciences' proprietary HEART (Health Emphasized Analytical and Reporting Tool). GVK BIO’s HEART (Health Emphasized Analytical and Reporting Tool) platform - a cloud-based healthcare analytics framework with multiple applications including the multilingual Disease Management Application. The Honourable Minister for Information Technology and Panchayat Raj, Government of Telangana has also offered to extend support to the Nano Health team.
 
About Nano Health
NanoHealth is a social enterprise specializing in chronic disease management that provides holistic managed care services to slum dwellers by creating local health networks and using innovative technology to bring cost-effective healthcare to their doorstep. NanoHealth is founded by 5 alumni of Indian School of Business, with campuses at Hyderabad and Mohali. The ISB alumni comprising the NanoHealth Team are: primary care physician Dr Ashish Bondia, business process re-engineering consultant Manish Ranjan, financial services and risk management specialist  Ramanathan Lakshmanan, marketing and communications expert Aditi Vaish and technology design expert Pranav Kumar Maranganty. NanoHealth is creating a network of community Health-workers known as “Saathi” and equipping them with a diagnostic device called “Doc-in-a-Box”. The reach of the doctor is extended by NanoHealth’s Saathis and they are well-paid, empowered women in the community forming a strong network of caregivers. 
 
About Max Institute of Healthcare Management at the ISB
The Max Institute of Healthcare Management, at the ISB plays a key role in the development of the health sector in India and other emerging countries.   Building on the vehicles of education, research and analysis, the Institute provides thought leadership within the industry, bringing together public and private entities to effectively meet healthcare needs, and providing a platform for innovation and transformation efforts nationally and globally.
 
About the Indian School of Business
Indian School of Business (ISB) is a global Business school offering world-class management education across its two campuses – Hyderabad and Mohali. The School has grown at a rapid pace over the twelve years since its inception and already has several notable accomplishments to its credit – it is the youngest school ever to consistently rank among the top Global MBA programmes, the first institution in South Asia to receive the prestigious AACSB accreditation, one of the largest providers of Executive Education in Asia, and the most research productive Indian management institution. A vibrant pool of research-oriented resident faculty, strong academic associations with leading global B-schools and the backing of an influential Board, have helped the ISB fast emerge as a premier global Business school in the emerging markets.