MediLOT welcomes SGInnovate onboard as a Strategic Investor.
SGInnovate is a leading company wholly owned by the Singapore Government, which backs deep tech startups through equity-based investments, access to talent, and support in building customer traction. MediLOT is honoured to be the first Blockchain and Healthcare Analytics company in Singapore that SGInnovate has invested in.
SGInnovate is focused on transformational technologies such as Artificial Intelligence (AI), blockchain and robotics that have horizontal applications to many industries, as well as MedTech which impacts the healthcare industry.
“MediLOT has assembled a great team with a vision to build an interoperable decentralised platform that can be used by all healthcare providers to extract greater value from healthcare records, affording patients better diagnoses and more effective treatments,” said Tong Hsien-Hui, Head of Venture Investing, SGInnovate. “Their vision is in line with SGInnovate’s mission to help develop high potential companies with products that will have global impact. We are proud to back MediLOT in their journey to transform the healthcare industry around the world.”
MediLOT is pleased to have been selected as a portfolio company of SGInnovate and looks forward to an exciting future ahead with our new partners.
At SGInnovate, we believe that Singapore has all the resources and capabilities needed to tackle ‘hard problems’ that matter to people around the world. As part of our Deep Tech Nexus Strategy, we are focused on adding tangible value to the Singapore deep tech startup ecosystem in two key areas — development of Human Capital and deployment of Investment Capital. With the support of our partners and co-investors, we back deeply technical founders through equity-based investments, access to talent, and support in building customer traction. Our efforts are prioritised around transformational technologies such as Artificial Intelligence, Blockchain and MedTech, which represent impactful and scalable answers to global challenges. SGInnovate is a private-limited company wholly owned by the Singapore Government. For more information, please visit www.sginnovate.com
About MediLOT Technologies
MediLOT is a decentralised healthcare platform built on blockchain, Artificial Intelligence and database management system technologies for patients, healthcare providers, researchers and commercial companies. Integrating the principles of patient centricity, privacy, and equitable data sharing, MediLOT leverages on technologies with over 5 years of development that have been featured in numerous peer reviewed scientific publications.
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