Firms complain they are unable to tap the big govt market because of the rigid bidding procedure
While the country is prepping hard for the launch of the ‘Startup India’ movement by prime minister Modi on Saturday, most healthcare startups are suffering teething problems; that of selling their products to the government sector. Medical technology startups are struggling to scale up, especially with regard to tapping into the government hospitals market, because of the rigid tendering processes in place. Major challenges at the entry point for these startups include guidelines such as a minimum of three years’ industry experience, no single-bidder policy and tenders not being time-bound.
For instance, last week, the state government invited open tenders for the proposal of screening of retinopathy of prematurity (ROP) in four zones of Karnataka under the national health mission (NHM). For the full article click here
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