India: Ray IoT, a developer of non-contact baby monitoring technology solutions, has received support from American multinational Johnson & Johnson (J&J) and HAX, a hardware accelerator, as part of the Joint Consumer Health Device Accelerator Program. Ray IoT is the first Indian company to be supported by Johnson & Johnson Innovation as a part of this initiative.
We have found out the hard way every now and then that if you try to do everything, it doesn’t work,” said John Bell, vice president external innovation and new business models at Johnson & Johnson Consumer, when they announced the programme in Hong Kong. “We are really focused on working together with the external world to co-create new innovations.”
HAX had announced a strategic collaboration with Johnson & Johnson, facilitated by Johnson & Johnson Innovation, to co-accelerate consumer healthcare-related companies in HAX’s hardware accelerator in Shenzhen, China, last month. The collaboration is focused on nurturing startups with technologies in areas of interest to Johnson & Johnson, including skin care, baby care, over the counter, wound care, oral care and feminine care.
Ray IoT will be introducing its product at the Consumer Electronics Show (CES) in Las Vegas from 5 January to 8 January. “Johnson & Johnson is a household name in India. We at Ray are excited to be the first Indian company to be a part of this initiative,” said Ranjana Nair, CEO of Ray IoT. The Bengaluru based startup was HAX’s first bet on an Indian startup.
It will also participate in the demo day by HAX in San Francisco on 10 January and launch its campaign on Kickstarter on 31 January to collect pre-orders.
Part of the US based SOSV global fund, HAX has invested in over 160 hardware focused companies across 5 main categories — robotics, health, lifestyle, infrastructure and fabrication technologies.