Gates Foundation-backed i3 to invest $1.6 million in 15 African healthtech startups
- i3 to invest $1.6 million in 15 healthtech startups.
- Ten early-stage startups will receive $50,000 equity-free grants.
- Five early-stage startups can receive up to $225,000 each.
The initiative by i3 represents a crucial step towards revitalizing the healthtech sector in Africa, especially in light of declining venture capital funding. By providing not only financial support but also strategic partnerships, i3 is likely to foster innovation and improve healthcare access in underserved communities. This model could serve as a blueprint for future investments in the region.
