Healthcare enterprise incubator, 2070 Health, has raised $30 million from VC fund W Health Ventures to create a platform that can construct healthcare firms from scratch in India.

The enterprise studio will use the funds to construct the platform, rent extra staff and improve its tech stack. The capital will even be utilised as pre-seed capital to launch new startups within the health-tech area.

2070 Health helps founders test, launch, and iterate on ideas and has created three companies so far — ElevateNow, Nivaan Care, and Reveal HealthTech. It now plans to launch 15 to 20 healthcare companies over the next five years.

“We are creating these playbooks leveraging the staff’s a long time of expertise constructing healthcare, expertise, and shopper firms. The aim is to scale our firms quicker, higher, and cheaper than conventional start-ups within the riskiest early months of firm constructing,” said Dr Pankaj Jethwani, CEO, 2070 Health.

The venture studio shortlists potential ideas, which go through a validation process involving conversations with doctors and patients, clinical studies, and go-to-market experiments to arrive at a solution. The incubator will ideate and build startups that will have a minimum addressable market of 100-300 million users and prioritise areas where it is capable of building a 10X better solution than existing products in the market.

“We prioritise problems where we feel confident about building a 10x better solution than what exists today. Our guiding principle is keeping patient experience and results, front and centre. I’m grateful to the 100+ incredible team members of the Studio and our three companies. I’m confident that what we are building will attract the best talent, partners, and capital, and together with them, we will transform the way healthcare is delivered in India,” added Jethwani.

W Health Ventures is an early-stage, healthcare-focused VC fund that invests in firms that tackle crucial unmet healthcare wants to enhance care supply leveraging expertise within the US and India. The firm has backed Indian startups like Wysa, BeatO, Mylo, amongst others.