New incubator launched to support African health-tech innovators
TLDR
- Pishon Health launches Social Innovation Incubator program for tech-driven healthcare solutions
- Program offers 12-week training, mentorship, and funding valued up to $100,000
- Aim is to empower startups in developing and scaling healthcare solutions in Africa
Pishon Health, an African healthcare innovation incubator, has launched its Social Innovation Incubator program, designed to support innovators developing tech-driven solutions in healthcare.
The 12-week program offers access to training, mentorship, and potential funding, with services valued at up to $100,000. By providing mentorship, capital, and advisory services, the program aims to assist healthcare innovators in refining and scaling their solutions.
Through this initiative, Pishon Health seeks to empower startups in navigating the complexities of developing and scaling locally relevant healthcare solutions, fostering the growth of the next generation of African innovators in the healthcare sector.
Key Takeaways
The surge of the COVID-19 pandemic significantly expanded the digital health ecosystem in Africa, prompting numerous startups to address existing and emerging challenges in the healthcare sector. The industry is revolutionizing patient care through various means while African governments are also engaging in partnerships with innovators to grow the ecosystem. A Salient Advisory report found nearly 50 collaborations in 2022 between health startups and African governments. The digital health market in Africa will experience a growth rate of 15.42% between 2023 and 2027, resulting in a market of $10.42 billion by 2027. This underscores the significant potential for expansion and the importance of having incubators support early-stage players.
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