Healthtech - Afrikan Heroes

New $7M Funds For African HealthTech Up For Grabs, Courtesy Of Southbridge A&I. Here’s How To Apply

July 4, 2022

The “Investing in Innovation” (i3) programme was launched on 22 June 2022 as the result of a collaboration between Southbridge A&I, Salient advisory, and SCIDaR. This pan-African programme intends to address the issue of insufficient funds for health product distribution African startups. The goal is to channel international money to African entrepreneurs.

The i3 initiative has a budget of $7 million spread over two years. The a mount is designed to yearly support 30 HealthTech startups in Africa, notably in the health product distribution industry.

This initiative receives support from multiple partners. These organisations include the Bill & Melinda Gates Foundation, the African Union Development Agency, and the World Health Organization. We also observe the presence of two big pharmaceutical industry players, namely Merck and AmerisourceBergen.

A grant of $50,000 and integration into the global HealthTech market “Investing in Innovation” seeks to find start-up or growth-stage entrepreneurs on the continent. The targeted projects are those that make it possible to have a measurable impact on public health in terms of product availability, accessibility, quality, or transparency.

Four of the continent’s most famous accelerators will choose the startups. First, IMPACT Lab is in charge of coordinating the selection process in French-speaking Africa. The Morocco-based accelerator will also track startups throughout the duration of the programme. The South African accelerator responsible for Southern Africa is Startupbootcamp AfriTech. Kenya’s Villgro Africa is entrusted with East Africa. Co-creation Hub (CcHUB) in Nigeria is the authorised West African accelerator.

After a lengthy screening procedure, the first thirty startups will get a $50,000 funding. In addition, they will have access to markets through events held across the continent. The startups will be directly linked to a high-level global ecosystem in the health industry.

The application deadline for the first batch of 30 enterprises is August 14, 2022. The programme is slated to begin on September 19, 2022.

Please visit this link to submit your application: https://innovationsinafrica.com/

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Three Years After, Egyptian B2B Ecommerce Startup Fatura Acquired By One Of Its Investors

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh

Egyptian Healthtech Startup TakeStep Secures Seed Funding Round

March 30, 2021

Egypt’s angel investors are some of the most active in Africa. Serial investor and entrepreneur Mohamed Hossam Khedr and another undisclosed angel investor have poured some seed funding into TakeStep, a Cairo-based healthtech startup that aims to support people struggling with substance abuse and addiction. Khedr becomes TakeStop’s latest managing partner, following the latest investment.

“We’re very excited about closing this investment round, and proud of the unfailing trust our investors have in us,” said Mohamed Khashaba, CEO of TakeStep. “We look forward to further developing our technology and operations in order to help more patients in the region on their road to recovery.”

*The team at TakeStep. Image credits: TakeStep*

Here Is What You Need To Know

Ahmed Hossam, a gamification guest lecturer at Oakland University for AI PHD Researchers and vice-chair at The International Gamification Confederation, has also joined the TakeStep board at this stage.

The funding will assist TakeStep in expanding its operations to the Gulf Countries made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates — except for Iraq.

The startup was part of the RiseUp Pitch Competition in 2018, securing funding in the process.

Why The Investors Invested

“This is truly an exciting time for TakeStep. I am personally thrilled about joining this exceptional team, and cannot wait to see how the company will grow in the coming months,” said Khedr. “TakeStep is very intelligently using technology to transform patients’ healing processes, and has a significant impact on the community.”

A Look At What The Startup Does

Launched in 2018, TakeStep helps patients, licenced therapists, and guardians to interact with one another while still allowing them power over their rehabilitation. Since its founding, the organisation has helped over 15,000 people in resolving their addictions.

Takestep has initiated many campaigns to provide mental health care to over 260,000 Egyptians since the beginning of the pandemic.

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

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