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11th CavinKare-MMA ChinniKrishnan Innovation Awards 2022
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CKIA-MMA/2021/14/1626590858468
18 Jul 2021
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Your innovation in brief
CanceRX is working on Clinical Decision Support for Oncology. An analogous example would be "Google maps for Oncology" which suggests Oncologists' path A, path B, path C / Protocol A/B/C are the choices for treating the patient.
Describe about your innovation
We are addressing the pain point of lack of best practices in cancer care & the standardization-optimization of care at the point of delivery in India & other low HDI countries, leading to sub-optimal outcomes. We are working on CDSS( Clinical Decision Support for oncology). Our AI-based proprietary algorithm reads reports and deconstructs them to a crisp summary for review. Based on the patient & disease profile, the CDS system in the algorithm suggests indicative treatment protocols. Once the protocols are reviewed by doctors, they can be shared along with clinical notes with patients, caregivers. There is an option of providing, care continuum for patients, sharing with nursing, pharmacy, referring peers, patients, caregivers. Standardized, Optimised Treatment protocols as per NCCN, ESMO, ASCO guidelines, that can be deployed with ease across geographies, help solve the supply chain pain point of an alarmingly low oncologist to patient ratio and lack of best practices at the grass-root level. AI-based summarisation of reports helps reduce the load on oncologists by giving them a quick summary for review while ensuring that key parameters are not missed and helping with better diagnosis. Our Vision is to improve outcomes and prognosis in cancer care. Cancer Care, in general, is plagued with sub-optimal outcomes due to a lack of best practices at the point of delivery. We want to help patients with access to best practices in cancer care at the grass-root level. We have validated CanceRX with stakeholders at all levels, oncologists, hospitals. We are a B2B Healthtech SAAS model. GTM for us is B2B and B2G. We are looking at tie-ups with Institutes, Hospitals, Clinics, and post initial deployment with the private sector, we would look at tie-ups with NHA, PMJAY, state govt for deployment at state and district hospitals. Hospitals, Institutes, are payers for our solution and Oncologists are users. We are priced competitively at INR 100 per new protocol download in India and $1.50 per download outside India We will be filing our patent soon. We received INR 5 lacs as prize money from New Venture Investment I have been shortlisted as "One amongst 100 women transforming India in 20'20." I have also been a National Startup Award Finalist in the year 20'20. We also got shortlisted amongst "Clarion Call Top 20", in 2021 We are looking at raising our next round of USD 1 million in the next 12-18 months, which would provide an opportunity to angels wanting to exit at that stage. As a team, we have several Years of Healthcare and Tech experience. On the advisory board, we have Mr. Dwividei, CIO of a leading cancer institute mentoring us for technology from an Oncology perspective. We also take advice from Saran who heads data and analytics at a large pharma company.
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