All over the globe, it is well known that women are responsible for the majority share of all the healthcare provided. Beyond offering the caring and motherly figure every patient deserves, they play an important role in educating society to recognize their health and nutrition needs.
It is based on this background, and a lot more facts put together, that a new fund has been launched. Named the Women in Innovation Fund (WiNFUND), it aims to close the health gap by supporting passionate women entrepreneurs to have the greatest impact.
It is a financial and non-financial support accelerator designed to support women-led and women-focused organizations in different regions around the world. The fund invests in innovative product or service organizations working to enable impact on health, access to health, and health outcomes, at both start-up and growth stages.
The initiative to create the fund was led by Health Innovation and Investment Exchange and Reckitt in support of women-led, health innovation start-ups to succeed in democratizing access to healthcare.
In partnership with Tokenproof and other leading organizations and businesses across sectors, the fund wields the power of technology and uses NFTs as a tool to generate funds and drive real change in the healthcare sector.
Other partners are the Kofi Annan Foundation and the Ecobank Foundation.
How to apply for the WiNFUND Africa
Submissions for the fund are now open and will close on November 30th, 2022.
To apply for the fund, your organization must meet all three criteria to be considered a viable candidate for investment.
- Positive impact on health and/ or access to healthcare.
- Women-led or women-focused organization. Can match one or more of the criteria:
- One of the organization’s co-founders is a woman.
- At least 30% of the senior management team are female.
- The organization focuses on health issues related to women and girls.
- The organizations must be based in one of the following African countries: Egypt, Ghana, Kenya, Nigeria, Rwanda, South Africa, and Uganda.
What Are NFTs?
NFTs are verifiable digital assets that are traded on blockchain technology. They are one-of-a-kind and allow the owner to prove an asset is theirs. Buyers of NFTs receive a digital file that claims ownership of some asset. This is away from the physical objects we buy and have.