UNDP Timbuktoo HealthTech Startup Accelerator Programme 2024

Highly motivated young African Innovators are invited to apply for the UNDP Timbuktoo HealthTech Startup Accelerator Programme 2024 for an opportunity to receive USD 100,000 in Equity-free funding.

The UNDP Timbuktoo HealthTech Startup Accelerator Programme aims to offer visionary HealthTech entrepreneurs/innovators who have a groundbreaking idea to transform healthcare in Africa and are committed to leveraging innovation to contribute towards the Sustainable Development Goals (SDGs) and have a scalable, defendable solution with clear monetization strategies with an equity-free funding of up to USD 100,000.

The Timbuktoo HealthTech Hub initiative aims to foster startups developing groundbreaking solutions in deep tech, hardware, and advanced technologies. Key areas include AI-driven diagnostics, locally manufactured medical devices, and biotechnology tailored to African needs. The hub can provide a foundation for building a flourishing full-stack health tech industry.

Eligibility for the UNDP Timbuktoo HealthTech Startup Accelerator Programme 2024:

Startups with founders who are nationals of an African Country
Startups must be registered and operating within Africa
Startups must have been in operation for a minimum of one year
Startups must address development challenges
Must be a technology-based solution
Startups must have a Minimum Viable Solution (MVS) (regulated and licensed if necessary)
Startups should have existing corporate governance systems and accountability.
This application is limited to citizens of the African Union member states.

Categories for the UNDP Timbuktoo HealthTech Startup Accelerator Programme 2024:

Technology-Enabled Solution: Your startup must have a technology-enabled solution at its core, utilizing digital tools and platforms to drive innovation and efficiency in the financial sector.
Contribution Towards the SDGs: Your solution should align with and contribute towards one or more of the United Nations Sustainable Development Goals, addressing pressing global challenges such as poverty, inequality, climate change, and more.
High Scalability: Your startup should demonstrate high scalability either through digital distribution channels or the ability to scale sales rapidly across markets.
Defensible Position: Your startup should have a defensible position, whether through Intellectual Property (IP) rights, network effects, domain expertise, or regional market dominance, ensuring sustainable competitive advantage in the health tech landscape.
Innovation and uniqueness: Novel approach to solving health challenges, potential for disruptive impact in the healthcare sector
Technical feasibility: Sound scientific/technical basis for the solution, realistic development timeline
Regulatory compliance: Awareness of relevant healthcare regulations, strategy for obtaining necessary approvals

Program Benefits:

Membership in the pioneer cohort of Timbuktoo HealthTech Hub and the entire Timbuktoo ecosystem
Mentorship from industry experts and seasoned entrepreneurs.
Equity-free funding of up to USD 100,000.
Networking with potential partners, collaborators, and customers.
Access to investor networks.
Resources and support to accelerate growth and impact.
Access to networks and agencies within the larger UN system
Access to networks and resources within the AfCTA system
Impact and shape a pan-African HealthTech evolution

Program Timeline:

Application and Selection Process: August 2024 – October 2024
Bootcamp: November 2024 – December 2024 (Attendance in Kigali, Rwanda from November 7th – 17th 2024)
Incubation & Acceleration: January 2025 – May 2025

Method of Application UNDP Timbuktoo HealthTech Startup Accelerator Programme 2024:

Interested and eligible applicants are to complete the Application here: link

Application Deadline: October 6, 2024.

For more information about this opportunity, Visit the Official Website.

UNDP Timbuktoo HealthTech Startup Accelerator Programme 2024