Singapore's National Research Foundation has poured in $500,000 in funding in health care startup Ring.MD
The Singapore government has backed new healthcare startup Ring.MD with $500,000 in funding. The said capital was raised from Singapore's National Research Foundation, a group that offers financing to innovative young scientists and researchers, according to an exclusive report by VentureBeat.
Ring.MD was founded by 21-year-old entrepreneur Justin Fulcher. Since age seven, Fulcher has been coding. He started his first business in his preteen years. With the new venture, Fulcher hopes to improve access to high-quality doctors in the Asian region, the report stated.
The startup is launching this week with around 100 physicians signed up to the platform. The website of the eight-employee company is easy to use. Clients just need to type in symptom to get a list of doctors with the most relevant background. The patient can request a call with one of these doctors at about $3 or $4 per minute. The said service meets the necessary regulatory requirements for security, the report detailed.
According to Ring.MD, it is working on partnerships with insurance firms. With the new funding, the company also plans to develop iOS and Android apps to help clients connect with a physician from their smartphones, wrote VentureBeat.