Are you a HealthTech entrepreneur with an innovative idea to revolutionize healthcare in Africa? Do you have a scalable, defensible solution with clear monetization plans? If so, apply now for the 2024 UNDP Timbuktoo HealthTech Startup Accelerator Programme. This initiative is designed to support startups that can significantly impact Africa’s healthcare landscape.
UNDP Timbuktoo HealthTech Startup Accelerator 2024
Africa’s Health Tech sector is full of challenges and opportunities, with the digital health market expected to reach $11 billion by 2025. While the continent struggles with limited access to quality healthcare, insufficient infrastructure, and a shortage of healthcare professionals, these gaps provide room for innovation. Startups can leverage technology to create solutions that improve healthcare outcomes for millions across Africa.
Programme Objectives
The initiative seeks to nurture startups working in advanced technologies like:
- AI-driven diagnostics: Enhancing diagnostic accuracy with artificial intelligence.
- Locally produced medical devices: Creating devices tailored for African healthcare needs.
- Biotechnology: Addressing specific health challenges unique to Africa through biotech solutions.
The implementation of this accelerator program will provide invaluable support to startups seeking to expand the reach and impact of their innovative solutions. By facilitating the growth of these ventures, the program aims to contribute to the establishment of a robust and sustainable HealthTech sector within the African continent.
Eligibility Criteria
Eligible startups must meet the following:
- Founders: Must be African nationals.
- Location: Startups must be registered and operating in Africa.
- Operational Duration: Startups must be active for at least one year.
- Development Focus: Must address development challenges with technology.
- Minimum Viable Solution: A regulated and functional product is required.
- Corporate Governance: Startups should have governance and accountability structures.
- Citizenship: Founders must be from African Union member states.
Selection Criteria
The Timbuktoo HealthTech Hub looks for startups that demonstrate:
- Tech-driven Solutions: Utilizing technology to improve healthcare delivery, such as mobile health apps or telemedicine platforms.
- Alignment with SDGs: Solutions contributing to the UN’s Sustainable Development Goals, such as SDG 3 (Good Health) and SDG 5 (Gender Equality).
- High Scalability: Ability to expand quickly across markets through digital channels.
- Defensible Position: Strong intellectual property, domain expertise, or market dominance.
- Innovation: Offering unique solutions with the potential to disrupt the healthcare sector.
- Technical Feasibility: A realistic development plan with achievable milestones.
- Regulatory Compliance: Understanding of relevant healthcare regulations and strategies for obtaining approvals.
Benefits for Participants
Selected startups will receive:
- Membership in the Timbuktoo HealthTech Hub: Join a network of entrepreneurs and innovators.
- Mentorship: Learn from industry experts and seasoned entrepreneurs.
- Equity-free funding up to $100,000 USD: Financial support to scale your solution without losing equity.
- Networking Opportunities: Connect with partners, collaborators, and customers.
- Access to Investor Networks: Exposure to potential investors.
- Support for Growth: Resources to accelerate growth and impact.
- UN and AfCFTA Networks: Leverage the support of the UN and African Continental Free Trade Area systems.
- Opportunity to Shape HealthTech in Africa: Play a role in transforming the continent’s healthcare landscape.
Application Deadline
Don’t miss the opportunity to submit your application by October 6, 2024. Join a transformative program designed to accelerate the growth of your Health Tech startup and make a significant difference in improving healthcare across Africa.
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