RxPrism Health systems which is mainly focused on healthcare sector is going to set up its innovation hub in London and it will invest almost $2 million.
Next destination would be US
As per the CEO of the company, Maruthi Viswanathan, this center would be functional from the end of the current year thereafter the company will look forward to open its next hub in US.
RxPrism was selected for UK Launch
RxPrism belongs to those lists which have been selected by the “India Emerging 20” programe driven by the Mayor of London Partners, an inward investment company of London, for UK launch.
Reason for establishment of hub in London
Company will use this hub to expand its reachability and presence in UK and EU region.
Why to choose London as first international centre
Viswanathan said there are several reasons why company picked London as its first international centre and said that, “I believe that London is the ideal place for attracting the best talents from the medical technology standpoint – more than 15 institutes in the UK offer specific courses in medical technology. It also has a taxation system favourable for IPcentric businesses that own patents”.
Company that will invest for the first hub
He also said that,company’s innovation fund would invest a part for the new center while the UK based venture capitalist would invest the rest.
The company provides artificial intelligence based solutions for patients, creates interactive virtual reality platforms and virtual apps which assists patients in case of all chronic diseases.