i3 Initiative Allocates $1.6M to Boost 15 African Healthtech Startups
- Gates Foundation allocates $1.6 million to healthtech startups in Africa.
- i3 provides $50,000 equity-free grants to ten early-stage startups.
- Five additional startups can receive up to $225,000 each.
The initiative by the Gates Foundation and its partners is a commendable effort to bolster healthtech innovation in Africa, especially in light of declining venture capital funding. By providing substantial financial support and strategic resources, i3 has the potential to significantly enhance healthcare access and delivery across the continent, which is crucial for addressing the needs of underserved communities.
