2070 Health, India's leading healthcare venture studio, recently held the second installment of "All Things Healthcare" in Bengaluru, aimed at aspiring healthcare entrepreneurs, offering valuable insights into the healthcare industry and the workings of a venture studio.

Dr. Pankaj Jethwani, CEO of 2070 Health, highlighted the significant transformations in India's healthcare sector due to the COVID-19 pandemic. With a valuation of $400 billion and over 400 million users adopting healthcare technology, the industry offers immense opportunities for innovation and expansion. Jethwani emphasized the importance of sustained dedication, patience, and patient well-being in healthcare, rather than focusing on quick financial gains.

The event also showcased an engaging fireside conversation between Dr. Jethwani and Suryansh, Co-founder of Elevate Now. This dialogue offered insights into Elevate Now's journey and its innovative approach to transforming weight loss in India. Suryansh openly shared his personal weight loss journey and the unique challenges faced in the realm of healthcare entrepreneurship, particularly in establishing the right ecosystem partnerships.

The speaker highlighted the significant risks associated with healthcare ventures, emphasizing the responsibility of founders. He emphasized that in healthcare, mistakes are not a luxury, and founders must ensure they make the right decisions from the start. The conversation also highlighted the evolving landscape of healthcare startups, shifting from capital-raising to demonstrating tangible value for consumers.

The discussion with Suryansh and the other founders in the audience highlighted specific challenges encountered while establishing healthcare ventures. Themes such as forging the right partnerships, gaining access to domain expertise, and honing the ideal product-market fit (PMF) were prominent topics of discussion.

Subsequently, in a follow-up conversation with Namit Chugh, Head of Investments at 2070 Health, and Nikhil Hegde, Head of New Ventures at 2070 Health, the discussion delved into how a venture studio can provide substantial support to first-time founders. This support encompasses identifying the right concept, recruiting the appropriate talent, and accessing pre-existing technology infrastructure, marketing strategies, and distribution expertise. Furthermore, venture studios like 2070 Health leverage their profound industry knowledge and established playbooks to assist founders in building their ventures more efficiently and effectively.