Call For Applications: UNDP timbuktoo HealthTech Startup Accelerator Program 2024 (up to $100,000)

Are you a visionary HealthTech entrepreneur/innovator with a groundbreaking idea to transform healthcare in Africa and committed to leveraging innovation to contribute towards the Sustainable Development Goals (SDGs)? Do you have a scalable, defendable solution with clear monetization strategies? Apply now to join the UNDP timbuktoo HealthTech Startup Accelerator Programme 2024.

Africa’s HealthTech landscape presents both challenges and opportunities, with a projected $11 billion digital health market by 2025. To address critical healthcare gaps, there’s an urgent need to establish a robust HealthTech hub.

This initiative aims to foster startups developing groundbreaking solutions in deep tech, hardware, and advanced technologies. Key areas include AI-driven diagnostics, locally manufactured medical devices, and biotechnology tailored to African needs.  The hub can provide a foundation for building a flourishing full stack HealthTech industry.

Eligibility Criteria:

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.

Selection Criteria:

• Technology-Enabled Solution: Your startup must have a technology-enabled solution at its core, utilising digital tools and platforms to drive innovation and efficiency in the financial sector.
• Contribution Towards the SDGs: Your solution should align with and contribute towards one or more of the United Nations Sustainable Development Goals, addressing pressing global challenges such as poverty, inequality, climate change, and more.
• High Scalability: Your startup should demonstrate high scalability either through digital distribution channels or the ability to scale sales rapidly across markets.
• Defensible Position: Your startup should have a defensible position, whether through Intellectual Property (IP) rights, network effects, domain expertise, or regional market dominance, ensuring sustainable competitive advantage in the HealthTech landscape.
• Innovation and uniqueness: Novel approach to solving health challenges, potential for disruptive impact in the healthcare sector
• Technical feasibility: Sound scientific/technical basis for the solution, realistic development timeline
• Regulatory compliance: Awareness of relevant healthcare regulations, strategy for obtaining necessary approvals

Benefits:

• Membership in the pioneer cohort of timbuktoo HealthTech Hub and entire Timbuktoo ecosystem.
• Mentorship from industry experts and seasoned entrepreneurs.
• Equity-free funding of up to $100,000 USD.
• Networking with potential partners, collaborators, and customers.
• Access to investor networks.
• Resources and support to accelerate growth and impact.
• Access to networks and agencies within the larger UN system.
• Access to networks and resources within the AfCTA system.
• Impact and shape a pan-African HealthTech evolution.

Deadline: October 6, 2024

Click HERE to Apply