East Africa

Program

Product

IFC - International Finance Corporation - TechEmerge East Africa Movemeback African initiative cover image

Details

TechEmerge brings technologies to new markets and launch potential projects that are scalable and purposely significant. They do this by matching best-in-class, proven, affordable technology solutions from around the world with local partners in emerging markets to conduct pilot projects and build commercial partnerships.

Their six-step process sets them apart from other accelerator programs, they go directly to the needs of emerging markets and leveraging the industry expertise and extensive partner network.

  • Assess - identify challenges and gaps in emerging markets, talking in person with local organizations to ensure they understand which technologies could best meet their needs.
  • Source - launch an open call for innovators from around the world with market relevant solutions to apply to join the program.
  • Select - with the support of a network of expert advisors, select high-performing innovators with proven technologies that can meet the needs of participating local organizations.
  • Match - through a carefully curated process, arrange events and meetings for the shortlisted innovators to meet local organizations, demo their products, and discuss the potential to pilot projects together.
  • Pilot - with their support, selected innovators and participating organizations partner to test technologies in a local setting.
  • Commercialize - if the pilot is successful, the local organization and innovator may decide to enter into a commercial contract.

Criteria

Participants who are interested to join should comply with the following:

  • Proven product, installed with at least one health system
  • Privately owned company, typically with less than 50 employees and less than US$100M in venture capital funding (with some exceptions)
  • Meets the needs of the East African Healthcare Providers
  • Demonstrated managerial capacity and scalability
  • Ability to allocate time and resources to participate in the Project, including attending periodic meetings, and implementation of field testing/pilot project in East Africa

Benefits

Successful individuals that captured the criteria and passed through the six-steps process will receive:

  • Potential investment from IFC
  • Access to robust network of East Africa health systems and potential users/buyers of technology (competitive selection)
  • Access to a pool of up to $1M in funding to support pilot projects in East Africa
  • Guidance from the TechEmerge team and global network of advisors to develop pilot implementation and market entry strategies

About IFC - International Finance Corporation

The International Finance Corporation (“IFC”), the private sector arm of the World Bank Group, is a global leader, investor and advisor committed to projects in its developing member countries that reduce extreme poverty and boost shared prosperity. IFC finances private sector investments, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to businesses and governments in the developing worl