2022 Health Entrepreneurship African Impact Challenge: Celebrating the Success of 16 Healthcare Startups

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Health Entrepreneurship

The African Impact Initiative’s Health Entrepreneurship Challenge saw resounding success in 2022, engaging over 500 innovative founders from 227 startups. After a rigorous selection process based on impact, sustainability, and scalability, 16 healthcare startups were chosen to join the incubation cohort of 42 amazing founders from eight African countries.

The 2022 cohort benefitted from capacity building, mentorship, and venture funding of up to $25,000 CAD each, and on December 2, 2022, they took the virtual and in-person stage for the highly anticipated pitch day event. Over 450 attendees from 30 countries across five continents tuned in to see the startups pitch their ventures and provide feedback, with additional funding totaling $30,000 CAD being granted to the deserving teams.

The winners of the pitch day event were a diverse mix of startups providing innovative solutions in healthcare:

Hosted by the African Impact Initiative team alongside personnel from the University of Toronto, founders in the incubation cohort of the Health Entrepreneurship Challenge ended the 2022 year with an all-expenses-paid trip to Kigali, Rwanda. They engaged in peer-to-peer networking and a well-attended in-person Investor Mixer that connected startups to investors and fellow entrepreneurs in the Rwandan entrepreneurship ecosystem. The cohort closed off the year with a ceremonious in-person graduation and awards ceremony at the African Leadership University in Kigali. View pictures from this trip here. 

With support from our partners, in summer 2023, founders in the incubation cohort of the Health Entrepreneurship Challenge will continue their implementation phase with an all-expenses-paid 10-week trip to Toronto, Canada. The founders will engage in activities that grow their business development skills, expand their entrepreneurship network, and expose them to potential investors. 

The Health Entrepreneurship Challenge is supported by a partnership with The Mastercard Foundation in collaboration with three University of Toronto accelerators—The BRIDGE, Health Innovation Hub (H2i), and ICUBE—as well as programming support from expert African investors, founders, and mentors. 

Our institutional partners, Addis Ababa University, African Institute for Mathematical Sciences (AIMS), Amref International University, Kwame Nkrumah University of Science and Technology, Moi University, University of Cape Town, Ashesi University and the African Leadership University, contributed to program promotion, recruitment, and venture reviewing, with the latter two playing a key role in this year’s cohort.

We would like to extend our sincere gratitude to all our partners for their significant contributions to the African Impact Initiative’s Health Entrepreneurship Challenge 2022, and their continued support of future programs.

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