Ashoka Making More Health Accelerator 2023 for social entrepreneurs (50,000 euros in funding)

Application deadline: January 13, 2023

the Business Accelerator Making More Health, is a structured business growth program aimed at social entrepreneurs with innovative solutions in the health sector. The program offers two phases of participation.

Phase 1, called “pilot phase”, has a duration of 12 months and focuses on supporting entrepreneurs to:

  • a) identify strategic challenges and/or opportunities related to the growth, sustainability and impact of their social enterprises
  • b) co-create and test relevant solutions.

Phase 2, called “expansion phase” is also 12 months long and focuses on helping participants scale up successful solutions from the very first phase of participation. In both phases, participating entrepreneurs have access to technical support from Boehringer Ingelheim employees, strategic networks, financial resourcesand a platform to collaboratelearn and interact with other social entrepreneurs and other actors in the ecosystem.

The accelerator is broadly focused on supporting social entrepreneurs with innovative solutions aimed at promoting access to healthcare in sub-Saharan Africa. The solutions can be both in the field of animal and human health. The specific countries we are currently recruiting participants from are Kenya, Uganda, Rwanda, Nigeria, and Ghana.

Requirements
You should apply for the program if you have an innovative human or animal health solution that fits the description provided above and meets the criteria below.

  1. Legal entity: Limited Liability Company, Limited Liability Company, NGO
  2. Years: At least three years of operation
  3. Sector: Related to human or animal health.
  4. Country of operation: Ghana, Nigeria, Kenya, Uganda and Rwanda.
  5. Income: At least USD 100K in annual sales revenue.
  6. Impact: Evidence of social impact with clearly defined impact metrics

Benefits

Access to knowledge:

The program offers participants multiple opportunities for professional growth and development on their entrepreneurial journey. It includes face-to-face and online workshops and seminars on topics of operation, systems change, replication and transfer, social finance, among others.

Technical knowledge:

Participants have access to experienced Boehringer Ingelheim employees who volunteer their time to provide hands-on technical assistance in a variety of professional disciplines. Engagement with BI employees can take place virtually or in person through an Executive in Residence program that has experienced executives located within social entrepreneur organizations for 2-4 weeks to work on specific aspects of projects.

Strategic networks:

Accelerator participants become part of a growing and tight-knit community of ecosystem players, including impact investors, foundations, philanthropists, government agencies, corporate executives, social entrepreneurs, experts, and multinational healthcare companies, all committed to with improving access to medical care for humans and animals in Africa. .

Investor and financial access support

The program provides each participant with a grant of 50,000 euros for the implementation of the pilot, with the possibility of extending the additional funds at the end of a successful pilot. Participants also receive expert-led investment readiness advice and support before and after the program to facilitate access to outside investors.

Business Collaboration

When there is a timely and strategic fit between Boehringer Ingelheim and an accelerator participant, there is the potential for a strategic business collaboration to be formed with the promise of significant long-term benefits for both organizations.

Chronology:

Exercise Chronology
submission of applications November 14, 2022 – January 13, 2023
one-on-one interviews January 14, 2023 – February 20, 2023
Due diligence and site visit February 1, 2023 – February 28, 2023
panel interview March 15, 2023
Ad of
successful applicants.
March 17, 2023

For more information:

Visit the official website of the Ashoka Making More Health Accelerator 2023

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