GELLIFY commits $50 m for healthcare and wellness startups

GELLIFY commits $50 m for healthcare and wellness startups

GELLIFY Middle East is all set to boost innovation in the healthcare industry as it announced the launch of Digital Healthcare Practice Headquarters in UAE and unveiled Blockchain, Data Interoperability, and new AI Technologies during Arab Health 2022 week.

With this launch, GELLIFY aims at becoming a healthcare system integrator that builds platforms and applications integrating solutions to support the digital transformation of the healthcare ecosystem. The company has committed funds of $50 m for investing in Middle East startups, and Healthcare and Wellness Startups will be invested at high priority.

Apart from investing in Workfam, the employee engagement SaaS platform that supports mental health and wellbeing of the workforce, GELLIFY leadership decided to invest in start-ups able to detect a high occurrence probability of some diseases, just using face or voice scanning, elaborated by sophisticated AI algorithms.

GELLIFY comprises of three business units, one for companies where the digital transformation of small businesses and large corporations or governments happens, another for startups offering comprehensive services beyond mentorship; and the third for investors, which provides Investment advisory and the management of a GELLIFY Investment Fund on selected innovative B2B Tech Start-ups.

Disclosing the unique layers of its business model, Massimo Cannizzo, CEO, and co-founder of GELLIFY Middle East, said, “Our concept is quite unique in the environment of innovation because while it’s an accelerator for startups it also serves as a fund for venture capitalists. In addition to this, it also provides an innovation consultancy arm specifically for corporate entities. The firm’s expertise and professional guidance allow companies to focus on their strengths – build strategies and capabilities to take full advantage of advanced technologies such as artificial intelligence, IoT, blockchain, cyber security, etc. We help healthcare service providers to create end-to-end customer experience journey through digital healthcare platforms, telemedicine solutions, healthcare mobile apps, personal health and wellness assistants, and health-monitoring by integrating data collected with selected wearable solutions.”

GELLIFY is now investing in the emerging technology which is moving towards becoming more accessible, preventative, lower in cost, efficient, high in quality, less invasive, and deeply personalized driven by Blockchain and data interoperability.

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