Investing in Innovation Africa (i3), a pan-African initiative for start-ups constructing the way forward for healthcare provide chains, is looking for main innovators to hitch its second cohort. Funded by the Invoice & Melinda Gates Basis and sponsored by AmerisourceBergen, Merck Sharpe & Dohme (MSD), Microsoft and Chemonics, i3 is supporting the commercialization of 60 promising early- and growth-stage corporations.
The programme connects African-led provide chain innovators to donors, trade, and authorities companions, to energy start-ups’ progress and impression. Chosen start-ups obtain focused introductions to prospects to help commercialization and impression, a $50,000 grant, and tailor-made funding readiness help. i3 is especially targeted on deciding on women-led corporations and people working in Francophone areas.
Yusuf Rasool, Director, Sustainable Entry Options, World Market Entry, at MSD commented: “Increasing entry to medicines requires a brand new mind-set that faucets into the unimaginable expertise we’ve throughout the continent. We are able to discover African options for African challenges by bringing collectively authorities, trade, and donors to create the scaffolding for entrepreneurs to succeed. MSD is proud to accomplice with i3 to search out, meet and accomplice with the subsequent era of African well being care corporations which might be discovering progressive methods to resolve tomorrow’s healthcare challenges at present.”
The primary cohort, chosen in September 2022, featured 31 innovators enhancing entry to well being merchandise throughout greater than 24,000 hospitals, clinics, and pharmacies in 26 African international locations. So far, the i3 program has facilitated 200+ introductions between the cohort, the sponsors, and potential companions reminiscent of USAID, The World Fund, Benshi.aI, i+Options, Chemonics, John Snow Inc., FHI360, Madiro Basis, authorities representatives from Nigeria’s Federal Ministry of Well being, representatives from Ekiti and Lagos state, and extra. i3 has featured cohort corporations on CNBC Africa, on the World Cup, the Africa Well being Agenda Worldwide Convention, the forthcoming Africa CEO discussion board, and extra. Greater than 17 innovators have secured partnerships and pilot initiatives thus far.
Purposes for the second cohort are open now till June 26th. Chosen start-ups will probably be introduced on September 14th. i3 continues to be impressed by the progress and potential of African innovators in healthcare provide chains, and is coordinated by Salient Advisory, Southbridge A&I and Solina Heart for Analysis and Growth (SCIDaR). Main regional tech hubs – CcHUB (Co creation Hub), Startupbootcamp Afritech, Villgro Africa, and IMPACT Lab, spearhead cohort choice and funding readiness help.
Kieran Daly, Director, World Well being Companies and Funds, on the Invoice and Melinda Gates Basis additionally commented: “i3 intends to jump-start a brand new method of doing enterprise throughout help, trade, and authorities companions to help native innovation – beginning with well being care provide chains. With our companions, we’re constructing a community throughout the African continent to assist construction commercialization help for start-ups, to speed up their progress and public well being impression. We consider native, data-driven innovators closest to the supply challenges are vital to constructing the resilient, agile, and responsive provide chains we want.”
For extra info and to use, please go to the programme’s web site at innovationsinafrica.com. Be part of us in our mission to create a extra inclusive and progressive ecosystem for health-tech start-ups in Africa.