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# WHO, Bill and Melinda Gates Foundation, and others launch $7 million Africa-focused healthtech fund
- URL: https://www.techloy.com/who-bill-and-melinda-gates-foundation-and-others-launch-7-million-africa-focused-healthtech-fund/
- Published: 2022-06-22T18:11:44.000Z
- Updated: 2022-12-08T01:41:49.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Health Tech, Tech in Africa

The African arm of the World Health Organization, the Bill and Melinda Gates Foundation, Merck Sharp & Dohme (MSD), AUDA-NEPAD, and AmerisourceBergen have launched a $7 million healthtech fund to support impact-making health-driven African startups. 

- The investment alongside market support is earmarked for 60 early and growth stage African health-led startups for scaling and improvement.
- The funding will be conducted through the program tagged Investing in Innovation (i3), with coordination from Salient Advisory, SCIDaR, and the SouthBridge A&I.
- Applications are currently [open](https://innovationsinafrica.com/) for the first 30 companies to participate in the innovation program, focusing on improving accessibility and availability of health products in Africa.
- The funding launch is coming after the release of a market intelligence [report](https://healthtech.salientadvisory.com/reports/innovations-in-digitizing-distribution-of-health-products-2022/) by Salient Advisory, a healthcare consulting firm, detailing the stellar performances of healthtech startups in the continent.