India, May 23 -- Bengaluru-based conglomerate healthcare provider Aster DM Healthcare in partnership with investment firm Life Science Vision Capital and Social Alpha, on Friday (May 22), announced to have set up an incubator-cum-accelerator named XHealth Innovation Lab to bolster healthtech startups.

According to sources quoted in a report by the Economic Times, XHealth Innovation Lab has been set up with an initial corpus of $50 Mn. Out of the total corpus, investors have reportedly committed 60% of the funding.

Aster DM Healthcare chief innovation officer Satish Prasad Rath said that the company plans to accelerate the discovery of new therapies by leveraging deeptech in the field of healthcare. Rath noted that Aster's network of hos...