The Health Innovation Exchange (HIEx) and Cross Border Impact Ventures (CBIV)* are pleased to announce the launch of an Investor Coalition with a focus on growth-stage innovative solutions for Sustainable Development Goal 3 through a systems-based healthcare lens.
This significantly involves drawing on new technologies and innovations and leveraging on new investment opportunities to enable countries fast-track progress and leapfrog their health responses, culminating in the attainment of envisioned goal i.e., Universal Health Coverage for all.
Scientific knowledge and new technologies are crucial to all aspects of society, sectors and markets, and can have the potential to transform healthcare systems into accessible and sustainable ones. However, many innovations that could be potential game changers do not reach countries and communities on scale, to have the desired impact. To maximize the impact of technology and innovation, willingness of political leadership to adopt innovations, driven by identified needs of countries can help entrepreneurs and innovators tailor and adapt their innovations to specific contexts for sustainable solutions. Despite commitment by innovators, gaps created due to missing links on translation of needs between governments and innovators pose a challenge and also lack of significant investments prevents adequate scale-up.
In order to bridge this gap and crystallize the innovative initiatives towards health, the Health Innovation Exchange (HIEx) identifies critical pain points in health responses of countries and connects the implementers to innovative new solutions and technologies. The HIEx, as a global entity, also connects funders and investors to innovators, thereby synergizing innovations with investments to ensure implementation of new solutions on scale for sustainable impact on journey towards the SDG3 goals.
The Coalition brings together an exclusive cadre of international leadership in venture capital, private equity, health systems and globalhealth thought-pioneers. The members will convene with global policy makers, government and global agency leadership to identify, evaluateand support paradigm-shifting health technologies that can be harnessed to change the way equitable healthcare is delivered in the Global South.
The Coalition is designed to demonstrate that catalytic health technology startups built for scale and superior market returns can be achieved through well-designed public-private partnerships for deployment in the Global North as well as the Global South. We seek to support and generate context-ready systems based impact.
Building on the unique convening power and political access of the HIEx, the Coalition will unpack how catalytic health technology companies that demonstrate market traction and promise can be scaled, supported and deployed in multiple markets within the Global South. We also aim to work in full partnership with national and international policymakers to select context ready innovations and effect new innovation policy within the context of 2030 goals.
The Coalition is designed to demonstrate that catalytic health technology startups built for scale and superior market return can be achieved through well-designed public-private partnerships for deployment in the Global North as well as the Global South. We seek to support and generate context-ready systems based impact.
*Cross Border Impact Ventures aims to be the preferred investor for transformative health technology companies with the potential of addressing the unmet needs of women, children and adolescents across global markets. Cross Border Impact Ventures have partnered with Grand Challenges Canada to develop a world class platform that breaks the paradigm of who benefits from leading technologies