Three Health based organizations have partnered to launch an investment program targeting African e-health start-ups. Southbridge A&I, Salient Advisory, and SCIDaR are set to launch a $7 million (Sh824,950,000) fund dubbed i3 to provide 30 African e-health start-ups with funding and support each year.
i3 seeks to identify early-stage or growth-stage innovators from across the continent who can have a tangible impact on public health, whether through availability, accessibility, quality, or transparency of health supply chains.
The program, which has been sponsored by the Gates Foundation will see the African start-ups access a $50,000 systematic grant, market and government events across the continent and a network of a high-level global ecosystem in the healthcare community.
The start-ups will be selected by Startupbootcamp AfriTech in South Africa for Southern Africa, Villgro Africa in Kenya for East Africa, Co-Creation Hub (CcHub) in Nigeria for West Africa, and IMPACT Lab in Morocco for North Africa.
The deadline for applications for the first cohort of 30 companies is August 14.