July 24, 2023
In a significant stride towards advancing healthcare accessibility and innovation in African low-middle-income communities, AAIC Investment and OurCrowd, Israel’s most active venture investor, have joined forces by signing a momentous Memorandum of Understanding (MOU). The collaboration is made on behalf of the Global Health Equity Fund (GHEF), a groundbreaking financial-first impact venture capital investment fund designed to foster healthcare breakthroughs with global impact.
The MOU marks the formal initiation of a strategic partnership between AAIC Investment and OurCrowd, aimed at fostering knowledge sharing and facilitating investments in startups within the healthcare sector across Low and Middle-Income countries (LMICs) in Africa through the Global Health Equity Fund. By leveraging their networks and resources, both entities are determined to drive growth and sustainable social impact in the African region, with the ultimate goal of addressing health inequity.
The Global Health Equity Fund, established jointly by OurCrowd and the WHO Foundation, has a distinctive focus on seeking out technological solutions that can revolutionize healthcare on a global scale. Emphasizing innovation and increased investment in the health sector, the GHEF is driven by the mission to deliver competitive returns to its investors while ensuring that medical care is accessible and equitable for all. The fund’s commitment to health equity is unwavering, making it an essential player in fostering positive change in the healthcare landscape.
As pioneers in their respective fields, AAIC Investment and OurCrowd bring valuable expertise to the table. AAIC Investment is a leading venture capital firm renowned for its specialization in funding fast-growing startups within the healthcare sector in Africa. The firm is not only focused on providing financial support but also actively assists these companies in enhancing their performance and accelerating their business expansion.
On the other hand, OurCrowd has established itself as a prominent global venture investing platform catering to accredited investors. With a strong track record of successful investments in technology companies and the proficient management of investment funds, OurCrowd’s partnership with the WHO Foundation has led to the creation of the GHEF, setting new standards for impactful investments in healthcare.
The GHEF’s investment strategy is all-encompassing, seeking out companies involved in various aspects of medical care and health risk mitigation, such as AgTech, FoodTech, and energy transition. By targeting accessible solutions that can drive global health advancements, the GHEF reinforces its commitment to health equity for everyone, regardless of their socioeconomic background.
Through this MOU, AAIC Investment and OurCrowd aim to accelerate the growth of healthcare startups in Africa, thus catalyzing the realization of their social impact potential. By combining their resources and networks, the partnership will not only support innovative healthcare ventures but also strengthen the infrastructure necessary to combat health disparities in the African region.
As the collaboration between AAIC Investment and OurCrowd gains momentum, the ripple effects are expected to extend far beyond the boundaries of individual startups. The joint efforts of these two influential entities are poised to create a transformative impact on the African healthcare landscape, bringing much-needed innovations and progress to low-middle-income communities.
With a shared vision of promoting health equity and a robust investment strategy, the partnership sets an exemplary model for fostering impactful change in the healthcare sector, underscoring the vital role that private enterprises can play in driving positive social outcomes.
In conclusion, the MOU signed by AAIC Investment and OurCrowd on behalf of the Global Health Equity Fund represents a significant milestone in advancing healthcare innovation and accessibility in African low-middle-income communities. With a steadfast commitment to health equity, the collaborative effort seeks to empower startups and catalyze their growth, ultimately creating a brighter and healthier future for the continent and its people.
photo source: google
Delino Gayweh
Serrari Financial Analyst
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