Founders Factory Africa (FFA) has partnered with Netcare, to provide a platform for entrepreneurs to build and scale health-tech start-ups across Africa. According to Business Report, the FFA model includes its accelerator programme, which develops existing businesses through a bespoke six-month programme, whilst the incubator programme will build completely new businesses focused on addressing key health issues on the continent. FFA’s experienced and knowledgeable pool of talent will cover all aspects needed to scale its start-ups including product development, UX/UI, engineering, investment, business development and growth marketing.
Together FFA and Netcare will support investee companies and deliver innovative opportunities in healthcare in South Africa and in selected areas on the African continent. Netcare and Standard Bank will also work together to cross-collaborate across fin-tech and health-tech. Standard Bank was the first corporate to invest in Founders Factory Africa.
The report says Netcare will play an integral role by providing access to hospitals, primary healthcare clinics and healthcare value chains, deep health technical expertise, data and IP to the start-ups. These resources and expertise will deliver a significant advantage to the businesses in which FFA, including Netcare, select to invest and scale. Netcare will also have the opportunity to continue investing in the new health businesses once their value propositions are proven.
The report says in addition to the corporate and hands-on support from FFA, the participating start-ups will have access to global capital, talent and knowledge transfer through the Founders’ group that includes Founder Factory in the UK, and a network of world class entrepreneurs, investors, corporates and successful start-ups across Africa, Europe, the UK and the US.Business Report report