Deadline: January 31, 2022
Applications are open for the AUDA-NEPAD Home Grown Solutions Accelerator for Pandemic Resilience 2022. The Home Grown Solutions (HGS) Accelerator for Pandemic Resilience is an initiative that aims to accelerate the growth of African healthcare companies to strengthen the continent’s pandemic resilience, in line with the African Union’s Agenda 2063 aspirations.
This is achieved through offering hands-on and tailored support to growth and mature stage healthcare businesses. The African Union Development Agency (AUDA-NEPAD) founded the accelerator initiative in partnership with the Japan International Cooperation Agency (JICA), the official development assistance agency of the Government of Japan, and with support from Boston Consulting Group (BCG), a global management consulting firm.
They will work shoulder-to-shoulder with your team to design and deliver a customized, six-month acceleration roadmap in 2022, to support your company’s specific growth needs across three key areas:
- Context Specific Advisory: They have a team of world class consultants to diagnose your business needs and deliver tailor-made business advisory services.
- Investment Readiness Support: They help you be better prepared for fund raising including business model validation, pitch preparation and linking you to capital needed to scale.
- Matching to Strategic partners: They will leverage their network and introduce you to leading organisations to grow your business through partnership.
There are 3 criteria you will have to meet to be considered for the second cohort:
- You are a growth or mature stage company, meaning you must …
- Be registered as a for-profit entity
- Demonstrate clear market traction and sizable customer base
- Express ambition and potential to scale beyond your current size
- You strengthen Africa’s health system, for example …
- You manufacture medical consumables or devices on the continent
- You provide healthcare services to patients, be it diagnostic, treatment or otherwise
- You provide technology solutions to strengthen health access or delivery
- You can be described as a Home Grown Solution, meaning you must …
- Operate mainly or solely in Africa (preference for companies operating across countries)
- Employ mostly local staff in the markets in which you are active
- Have strong African representation in your leadership
After the submission deadline, shortlisted companies will be asked to provide references of investors and customers and additional high-level information on their finances during February 2022. Final decision making will happen in March 2022, with Acceleration support definition and delivery to occur between April and October 2022.
For more information, visit AUDA-NEPAD.