As part of the World Bank Group (WBG) Global Tech Challenge launched today, IFC, the private sector arm of the WBG, called on health tech innovators from around the world to bring their solutions to the East African market to meet the needs of patients and health care providers in the region.
Application Deadline: 25th February 2020
To be Taken at (Countries): East African countries
About the Award: Over 20 leading private healthcare providers in Kenya, Uganda, and Ethiopia have signed on to the program and are interested in working with health tech companies that can address their needs. Through a competitive selection process, with the support of an network of external technical advisors, shortlisted innovators meet with local organizations to demo their products and discuss potential pilot opportunities. With our support, selected innovators and local healthcare providers partner to test and validate technologies in the local setting.
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Selected innovators receive funding and guidance from the TechEmerge team to pilot their tech solutions in the East African market, with the ultimate goal of wider commercial deployment of the technologies. IFC provides support during the market-entry and tech transfer process for both innovators and healthcare providers – mitigating financial and operational risks associated with market entry for innovators and reducing adoption risks for local healthcare providers.
How does the Program work?
- Assess:Â We identify challenges and gaps in emerging markets, talking in person with local organizations to ensure we understand which technologies could best meet their needs.
- Source: We launch an open call for innovators from around the world with market relevant solutions to apply to join the program.
- Select:Â With the support of a network of expert advisors, we select high-performing innovators with proven technologies that can meet the needs of participating local organizations.
- Match:Â Through a carefully curated process, we arrange events and meetings for the shortlisted innovators to meet local organizations, demo their products, and discuss the potential to pilot projects together.
- Pilot: With our support, selected innovators and participating organizations partner to test technologies in a local setting.
- Commercialize: If the pilot is successful, the local organization and innovator may decide to enter into a commercial contract.
Type: Entrepreneurship
Eligibility:
- Proven product, installed with at least one health system
- Privately owned company, typically with less than 50 employees and less than US$100M in venture capital funding (with some exceptions)
- Meets the needs of the East African Healthcare Providers
- Demonstrated managerial capacity and scalability
- Ability to allocate time and resources to participate in the Project, including attending periodic meetings, and implementation of field testing/pilot project in East Africa
Number of Awards: Not specified
Value of Award:
- Access to robust network of East Africa health systems and potential users/buyers of technology
- Access to a pool of up to $1M in funding to support pilot projects in East Africa (competitive selection)
- Guidance from the TechEmerge team and global network of advisors to develop pilot implementation and market entry strategies
- Potential investment from IFC.
How to Apply: Apply here
- It is important to go through all application requirements in the Award Webpage (see Link below) before applying.
- GOODLUCK
Visit Award Webpage for Details
