Deadline October 31st 2023 | IAS Pharma Innovation Challenge 3.0 in Africa
| Title; | IAS Pharma Innovation Challenge 3.0 in Africa |
| Organisation; | Impact Africa Summit |
| Fund/grant; | NGN20,000,000 |
| Deadline; | October 31st 2023 |
| Eligible countries; | All |
IAS Pharma 2023 is open to innovations to stimulate medical research and development, utilising potentially game-changing technologies, in order to realise the goal of innovative healthcare solutions and access to effective therapies in Africa.
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The IAS Pharma recognises and honours individuals each year who have made significant contributions to the manufacturing and digital health industries. There is no question that the delivery of healthcare is undergoing a paradigm shift as a result of the exponential expansion in technology, which has made it more affordable, effective, and accessible.
IAS is organising an innovation challenge pitch session in the run-up to the IAS Pharma 2023 finals to help advance the development of creative solutions.
Innovation Types
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Health care
- In addition to the acute scarcity of healthcare workers, Sub-Saharan Africa carries a sizable portion of the burden of the world’s diseases. To fill up the gaps and improve access to healthcare in Africa, they are looking for innovative, disruptive solutions that are also effective, efficient, and sustainable.
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Biotech
- The goal is to enable significant biotech development because biotech funding is a major barrier to the biotech industry. They are looking for solutions that will immediately address the rising demand for medical technology that is suitable for environments with limited resources.
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Digital Health/IT
- They are searching for digital and tech-enabled tools that help link people to care, support, and treatment while also enhancing health outcomes at the primary healthcare level.
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Logistics, Supply Chain, and Manufacturing
- Lack of availability to necessary devices & products is explained by the widening disparity in Africa’s overall healthcare manufacturing. They are looking for solutions that can help the domestic manufacturing and supply chain sectors by fostering access to environmentally friendly products and systems through efficient domestic distribution networks.
the driving force
- Being a supporter and advocate for sophisticated clinical research and healthcare solutions.
- Give innovative thinkers who have intriguing ideas financial backing.
- Develop, develop, and mentor a group of seasoned and dedicated professionals who will offer the healthcare industry strategic insight and perspective.
Rewards for Winners
- The top innovators will have access to the network and value chain of Xcene Research, enabling them to expand and refine their value proposition.
- NGN20,000,000.00 in equity investments for selected enterprises will help product development, distribution, and business modelling.
- Mentorship and assistance from Xcene Research and professionals in the selected business sector.
- Recognition and publicity on the IAS website and during the IAS 2023 event.
- In order to strengthen their business operations even further, the winners will also have access to Xcene Research’s clientele and employee expertise.
Selection Standards
- As it relates to the healthcare industry, businesses may operate in the financial technology, e-commerce, education, manufacturing, and agricultural sectors, among others.
- The disclosure of the entire business value as well as the proportion and valuation of shareholder equity available for financing.
- The company must have been legally registered with the Corporate Affairs commission for at least three years and be in operation.
- The ability to scale from proof of concept to long-term sustainability must be shown in the entries.
- The last three years’ worth of profit and loss statements, a statement of financial condition, and a corporate account with a commercial bank are all requirements for candidates.
- a brief business plan with a 3-5 year business prediction is provided.
- signed authorization from your shareholders and/or partners.
Visit Impact Africa Summit to learn more.
