Southbridge A&I, Salient Advisory and SCIDaR have partnered to launch a program called i3 (Invest in innovation) which seeks to support 30 African health startups with funding of up to $50,000. The initiative, according to a report by Disrupt Africa, is funded by the Bill and Melinda Gates Foundation and any startup from the continent can apply.
i3 Program Eligibility Criteria
If you are an African entrepreneur creating a solution to a healthcare distribution challenge in Africa, you are invited to apply for the 2022 cohort. donors, industrial and institutional actors who will support presentations to clients. Up to 30 companies will be selected for this round. However, you will need to be:
- Start-up and growth-stage technology companies owned or operated by African nationals and with a legal presence on the continent.
- Companies focused on the distribution of technology products with a validated proof of concept, recorded revenues and demonstrable growth potential.
- Demonstrable potential for social and societal impact.
What your startup should provide
The i3 program is also looking for startups that have innovations or products that:
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- Improve availability of health products – Services that minimize supply chain inefficiencies and provide critical links between manufacturers, wholesalers, distributors, providers and consumers to reduce stock-outs and ensure the availability of essential drugs, consumables and necessary devices.
- Improve accessibility of health products – Solutions that help bring products closer to people, through lower level providers, solutions to bring products closer to people in rural areas and/or create digital access are needed .
- Health Product Quality – Innovations that enable providers and consumers to authenticate health products, track and trace the origin and movement of health products, and ensure proper storage of health products to preserve their effectiveness.
- Addressing the affordability of healthcare products – Solutions to reduce prices and price variability of medicines, consumables, devices and assistive technologies are needed.
- Improve Visibility of Healthcare Product Movement – Solutions that improve visibility of product movement, consumption and demand are important
- Addressing Waste Management in the Healthcare Supply Chain – Technological innovations to improve the safe disposal and proper management of medical waste are needed.
Applications for the i3 accelerator close on August 14, 2022 and you can find the application form with the link here.
You should also check
Around this time last year, we were joined on an episode of Technikari by Tafadzwa Munzwa, the co-founder of Dawa Health. The startup had recently announced its inclusion in the Telecel Group and Afritech Startupbootcamp finals, worth $750,000, as it sought to reduce maternal mortality by providing pre- and post-natal care to pregnant women in Southern Africa.
You can check out this episode with the player below or with the link here.
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