The Innovate for Life Fund

Deadline for applications: 31st of July
Selection process: August 2017
Accelerator 
programme: September – November 2017

The Innovate for Life Fund will tackle Africa’s most daunting health challenges by supporting local entrepreneurs and investing in companies that develop innovative, home-grown solutions.

Health demands in Africa are growing rapidly due to the continent’s rapidly expanding population, which is expected to double to 2 billion by 2050. A new generation of African entrepreneurs has recognised the need to develop novel technological solutions but are faced with a lack of support for early-stage entrepreneurs.

The Innovate for Life Fund aims to invest in African health entrepreneurs to create home-grown health solutions for the African market.

We offer African health sector-specific support: knowledge, network and access to funding. This is combined with business coaching by an experienced fund management organisation.

The Innovate for Life Fund will start in 2017 with a health specific Accelerator and Entrepreneur in Residence programme, embedding a maximum of six talented entrepreneurs at the Amref Health Africa offices in September 2017. The Fund will offer entrepreneurs the support of Amref Health Africa’s facilities and their extensive health network.

In January 2018, a maximum of three entrepreneurs will be invited to partner with Amref Health Africa, which will offer follow up support and joint outreach to investors both in Africa and worldwide.

Accelerator
Selected entrepreneurs will participate in a tailor-made three months accelerator programme, offering health specific knowledge, network and business coaching. The programme consists of: product/service review by experts, user group sessions, stakeholder sessions, site visits, piloting of products and services etc. Entrepreneurs will receive training and support on business skills such as setting up a legal, tax and administrative organisation.

Entrepreneur in Residence
For a period of 12 months (incl. accelerator programme) the participating entrepreneurs can make use of office space at the Amref Health Africa’s premises in Nairobi. This is a vibrant place where Amref staff, health specialists, health professionals, governmental authorities and international donors meet. It will enable the entrepreneur to access Amref’s knowledge and networks.

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