Female-Led Health Tech Startups in Ghana
Deadline: 31st August 2022
The Female-Led Health Tech Startups in Ghana call, a collaboration between Villgro Africa and Ghana Tech Lab, is seeking startups in the Ghanian health tech space that have at least one woman in their leadership team to apply for the opportunity to receive incubation and funding support. In addition to grant funding, beneficiaries of this call will receive 12 months of incubation support from both the Villgro Africa and GTL teams, including business modelling, product development, operations, investment readiness, and governance and regulatory affairs. For more information and to apply, please visit the link above.
Frequently Asked Questions
About the Selection Process
1. How do you choose which startups to accept into the incubation program?
Key requirements for startups looking to apply include:
- Must be women-led and preferably female-founded / co-founded
- Must be in the healthcare space
- Must have a minimum viable product
- Must be based in Ghana
- Must be for profit
2. If chosen as one of the beneficiaries, what is expected of me?
Your commitment to go through the accelerator program.
3. If I have more questions. Where can I find answers?
For more information contact: [email protected].
4. What are the main drivers for selecting a startup?
The main selection drivers are that the startup must meet the eligibility criteria. However, companies that show a high potential for sustainably improving the health sector, an understanding of the Ghanaian market and a strong overall team will have an advantage.
5. I am already earning revenue, do I fit in an accelerator program?
Yes, alongside the eligibility criteria required of all applicants.
About the Program
1. How long can my company remain in the accelerator?
The acceleration period will run for a period of 12 months.
2. Why should I apply?
Access early-stage acceleration funding and insights on building your business at this stage and network across the board. Companies will be supported in developing business models, financial models, pitch decks, go-to-market strategies, etc. At the end of the acceleration, your company will be better equipped to succeed in the market and find additional investment.
3. Do I have to give up any equity or pay any money to the program?
No, you do not have to give up any equity or pay any money to be a part of this program.
4. What kind of schedule can I expect?
Program meetings will be a mix of Zoom and in-person, which will take place most frequently at the Ghana Tech Lab main office.
5. What is your policy on intellectual property protection?
Our platforms use the latest data encryption technology to securely collect and store data. While there is no guarantee the information cannot be intercepted by a third party, the chance of this occurring is extremely unlikely.
6. Where is the money coming from? Who are the investors?
Villgro Africa in partnership with Ghana Tech Lab will offer a $50k ticket for the chosen startups by the end of the incubation period.
7. How does the program choose to allocate the capital to each startup?
The eligibility criteria stipulated on the application call shall be the basis of a start-up being a recipient of the acceleration ticket.
About the Program Partners
1. Who are the program partners?
The program partners are Villgro Africa and Ghana Tech Lab.
Villgro Africa is an early-stage business incubator and impact investor that supports health and life science start-ups on the African continent to transform product and process innovations into viable, scalable businesses that impact the base of the economic pyramid. The incubation program de-risks impact investment for global health technology and service companies, supporting them to become investable ventures. Villgro’s multidisciplinary team has deep sector expertise spanning the startup spectrum, from business and product development to manufacturing and financial modelling.
Ghana Tech Lab (GTL) works with ecosystem partners to drive tech innovations and advance digital transformation in Ghana through skills training and providing innovative entrepreneurs access to early-stage funding, mentorship, investors, relevant businesses, and technical support under our incubation program. It is established under the Ministry of Communications Ghana’s E-transform project with funding from the World Bank. Through a collaborative effort, the work of GTL also supports the ambition, creativity, and skills of young people in Ghana under the Pathway to Sustainable Employment (PaSE) Project in partnership with Mastercard Foundation. GTL provides a platform for taking simple ideas and turning them into successful startups. Their unique programs and curriculum are designed to take things from the idea stage and develop them into products or services that address a societal need.
2. Where are your offices (Vilgro, GTL)?
Villgro's office is located in Nairobi, Kenya and the Ghana Tech Lab is located in Accra, Ghana.