The corporate is in the early stages of setting up an India-based corporate venturing unit that will fund local healthcare technology startups.
Netherlands-based electronics and healthcare technology manufacturer Philips is preparing to set up an Indian corporate venturing fund that will invest in local healthcare startups, the Economic Times reported on Wednesday.
Jeroen Tas, chief executive of Connected Care & Health Informatics at Philips, told ET the company is still in the early stages of setting up any Indian fund, adding that its formation would depend on the progress of the company’s healthcare investment units in Israel and the Netherlands.
The executive…
