Kenya-based Healthcare Incubator Villgro Awards $100k Cash Grants To East African Startups 

With the African startup ecosystem struggling in the face of the coronavirus pandemic, Nairobi-based healthcare incubator and investor Villgro Kenya has come to the aid of two startups in East Africa — Kenya’s The Pathology Network and Uganda’s clinicPesa — by pouring a total of US$90,000 into them. 

clinicPesa CEO Chrispinus Onyancha
clinicPesa CEO Chrispinus Onyancha

“At Villgro Kenya, we strongly feel that this is the time that enterprises need all the financial support that they can get to cushion themselves against the negative economic impact of COVID-19. We are proud to play a small role in ensuring that startups outlive the pandemic,” Wilfred Njagi, co-founder at Villgro Kenya said. 

Here is What You Need To Know

  • Out of the new grant, US$50,000 went to the Kenya-based startup The Pathology Network. The Pathology Network has developed an artificial intelligence (AI)-powered digital platform linking small labs to specialised ones for seamless test referral, with access to specialists remotely to shorten the turnaround time for diagnosis.
  • Villgro has earlier this week awarded US$150,000 in grant funding to 12 startups from East Africa that could help in testing, monitoring and managing aspects of the COVID-19 outbreak, provides equity-free capital and support to innovative healthcare-focused startups.
  • The business incubator also announced an additional investment of US$50,000 in Uganda-based clinicPesa, having also invested US$40,000 in the startup back in 2018. clinicPesa is a digital micro-savings and loans platform that provides users with convenient and affordable means to accessing healthcare. The startup’s CEO Chrispinus Onyancha welcomed the additional investment.
  • Earlier in March, 2020 the business incubator Villgro Kenya also awarded US$20,000 each in grant funding to three innovative e-health startups, two from Uganda and one from Kenya.
  • Dr Joshua Kibera, chief executive officer (CEO) at The Pathology Network, said the investment was catalytic and that his company would greatly benefit from the technical assistance and business coaching offered by the Villgro Kenya team.

“On behalf of everyone at The Pathology Network, I would like to thank Villgro Kenya for a meticulous and transparent due diligence process and for choosing to invest in our company. We are excited to partner with Villgro and look forward to revolutionising the diagnostic space together,” he said.

What Attracted Villgro To The Startups

Wilfred Njagi, co-founder at Villgro Kenya, said while most investors are scaling back on deals due to the business slump being experienced in many parts as a result of COVID-19, Villgro was stepping up its financing efforts.

“We envision improving access to healthcare services and reducing self-diagnosis through mobile money savings and micro-loan top-ups for the uninsured population in Uganda and other African markets,” he said.

Villgro Kenya portfolio manager Gibson Muriuki said the additional funding had been made available to clinicPesa based on their impact since the initial investment.

“ClinicPesa’s unique approach to health insurance will give more communities access to quality and affordable health in Uganda. After working with them this past year, we have noted their commitment and progress in making key partnerships to ensure they scale their product,” he said.

A Look At What Villgro Kenya Does And How Startups May Benefit From Its Grant

Launched in 2017, Villgro Kenya is an early-stage business incubator and impact investor that offers mentoring, funding and access to networks to startups in the healthcare and life sciences sector in East Africa.

Startups can apply to join Villgro Kenya’s portfolio and receive funding from $20,000, business development expertise and access to further investment opportunities by clicking here: https://villgrokenya.or.ke/apply/

“We have a preference for scalable and sustainable models led by a multidisciplinary team with a minimum viable product,” the incubator noted on its website. 

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer