Pune, 26th December 2023: In a groundbreaking development, Hidoc Dr. Inc. (US Business) has been selected to join the prestigious StartUp Health Accelerator Program, solidifying its commitment to pioneering innovation in the healthcare sector. StartUp Health, recognized as one of the top healthcare accelerator programs in the United States, has not only welcomed Hidoc Dr. into its esteemed community but has also committed to a significant investment of up to $200K through a Simple Agreement for Future Equity (SAFE) at an impressive valuation of $5 million.
The StartUp Health Accelerator Program is renowned for its dedication to supporting and investing in healthcare entrepreneurs and startups. The global platform offers a unique ecosystem that provides invaluable resources, mentorship, and guidance to companies committed to reshaping the future of healthcare. Hidoc Dr’s inclusion in this exclusive program is a testament to the company’s groundbreaking work in developing an AI Medibot set to revolutionize the medical landscape.
HiDocMedibot, the world’s first medical chatbot, is designed to address a wide range of medical queries and solve complex cases, ensuring prompt and accurate responses to users. What sets this technology apart is its unprecedented ability to redirect users to specialist chat interfaces within minutes. This feature positions Hidoc Dr. Inc. at the forefront of transforming the healthcare landscape, providing users with efficient and specialized medical assistance in just a few clicks.
COO of Hidoc Dr Inc., Varun Gadia, expressed enthusiasm about the collaboration with StartUp Health, saying, “Being selected for the StartUp Health Accelerator Program is a tremendous honor and a validation of our team’s dedication to advancing healthcare through innovative solutions. This partnership opens up new avenues for growth and collaboration, allowing us to further enhance our AI-driven healthcare offerings.”
Anup Badhe, HiDoc’s Chief Technology Officer, echoed these sentiments, emphasizing the strategic significance of the investment, “StartUp Health’s investment of up to $200,000 is a strong vote of confidence in our vision for the future of healthcare. This support not only validates the potential of our AI Medibot but also provides us with the financial backing needed to accelerate our mission of leveraging the latest technologies in making healthcare more accessible and efficient.”
The SAFE agreement is a common investment contract in early-stage startup financing. It allows investors to contribute capital to a startup in exchange for the promise of potential future equity when a triggering event occurs, such as a future financing round or acquisition.
This collaboration with StartUp Health marks a significant milestone in Hidoc Dr’s journey, propelling the company into a new phase of growth and development. The financial investment, coupled with the mentorship and resources offered by StartUp Health, positions Hidoc Dr. to continue driving innovation in the healthcare sector.
As Hidoc Dr. gears up for the cash-out event, the company is poised to leverage the support and expertise gained through the StartUp Health Accelerator Program to further advance its AI-driven healthcare solutions. This strategic partnership not only benefits the company but also contributes to the broader mission of improving healthcare outcomes through cutting-edge technology.
With the evolving healthcare landscape, Hidoc Dr. Inc. stands at the forefront, poised to make a lasting impact on the industry. The collaboration marks the beginning of an exciting chapter, one that holds the promise of transformative advancements in healthcare technology.