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Apply now for the IAS Pharma Innovation Challenge 3.0 ($26K)

Date:

Apply now for the IAS Pharma Innovation Challenge 3.0 ($26K). The initiative was launched with innovative healthcare solutions in mind to access effective treatments in Africa. IAS Pharma 2023 is now open to innovations to drive medical research and development, leveraging potential groundbreaking solutions.

Furthermore, to advance the development of innovative solutions the IAS is hosting an innovation challenge pitch session. IAS Pharma 2023 is motivated to be an enabler and champion of complex clinical research and healthcare solutions, providing financial support for compelling ideas among intellectual innovators and creating, training, and mentoring a pool of experienced and committed leaders who will provide strategic expertise and perspective for the health care sector.

The IAS Pharma innovation categories include Healthcare, Biotech, IT/Digital Health, and Manufacturing/Supply Chain and logistics.

See Also: Apply Now for the AGRI-Business Innovation Challenge $16,000 Equity-Free Grant

Eligibility and Requirements for the IAS Pharma Innovation

Participants must meet the following:

  • Participant’s businesses may operate in but are not limited to the Financial Technology, E-Commerce, Education, Manufacturing, and Agricultural sectors because it relates to the Healthcare Industry.
  • Participants must provide a corporate account with a commercial bank, a statement of financial position, and a profit and loss statement for the last 3 years.
  • Participant’s entries must demonstrate the potential for scale from proof of concept to long-term sustainability.
  • Participant business must have been in existence and duly registered with the Corporate Affairs Commission for at least 3 years.
  • Participants are to provide total business valuation, percentage, and valuation of shareholder equity up for financing.
  • Participants must provide a concise business plan with a 3–5-year business projection.
  • Participants must have signed permission from their partners and/or shareholders.
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See Also: A Call for Proposals for the Innovation Fund under the RAISE-FS Project €50,000

What You Stand to Gain from the IAS Pharma Innovation

Selected participants will receive the following:

  • The IAS Pharma Innovation will support the selected participants with product development, distribution, and business modeling and support through NGN20,000,000.00 in equity investments.
  • Selected participants will receive mentorship and support from Xcene Research as well as industry leaders in the chosen business industry.
  • Selected participants will get access to Xcene Research’s network and value chain.
  • Selected participants will have recognition and exposure during the IAS 2023 event and on the IAS website.
  • Selected participants will also have access to Xcene Research’s customer base and employee expertise to bolster their operations.

Application Process

The application deadline is on the 31st of October, 2023.

Click here to apply.

For more information, visit the official webpage of IAS Pharma 2023 Innovation Challenge 3.0.

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