Africa’s HealthTech sector is on the brink of a transformative shift, driven by a projected $11 billion digital health market by 2025. This promising growth highlights both significant challenges and substantial opportunities within the healthcare domain. Addressing these critical healthcare gaps requires the establishment of a robust HealthTech hub dedicated to fostering innovation and development.
Establishing a HealthTech Hub
To bridge existing healthcare disparities, there is an urgent need to create a HealthTech hub that supports startups working on groundbreaking solutions in deep tech, hardware, and advanced technologies. This initiative will focus on key areas such as:
- AI-Driven Diagnostics: Leveraging artificial intelligence to enhance diagnostic accuracy and efficiency.
- Locally Manufactured Medical Devices: Developing medical devices tailored to the unique needs of the African context.
- Biotechnology: Innovating in biotechnology to address health challenges specific to the region.
Building a Flourishing HealthTech Industry
The proposed HealthTech hub aims to serve as a foundational platform for nurturing a vibrant, full-stack HealthTech industry. By supporting startups in these critical areas, the hub will contribute to the development of a sustainable and impactful HealthTech ecosystem.
Eligibility:
Groundbreaking founders and innovators across Africa who are already building startups that
meet the following criteria:
• Startups with founders who are nationals of an African Country
• Startups must be registered and operating within Africa
• Startups must have been in operation for a minimum of one year
• Startups must address development challenges
• Must be a technology-based solution
• Startups must have a Minimum Viable Solution (MVS) (regulated and licenced if necessary)
• Startups should have existing corporate governance systems and accountability.
• This application is limited to citizens of the African Union member states.
Technology-Enabled Solutions
We invite startups to apply with technology-enabled solutions that utilize digital tools and platforms. Your solution should focus on driving innovation and improving efficiency within the healthcare sector.
Contribution Towards the SDGs
Applications should demonstrate alignment with and contribution to one or more of the United Nations Sustainable Development Goals (SDGs). Your solution should address pressing global challenges, including poverty, inequality, climate change, and more.
By fostering innovative startups and supporting impactful HealthTech solutions, this initiative aims to revolutionize healthcare across Africa and contribute to global sustainability efforts.