ISB Updates

ISB Team wins Hult Prize and USD 1 million in prize money

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

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. 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’sHEART (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.