Accelerating Health Innovation in Africa
In Africa, there is more life sciences research than commercialization. How can countries in sub-Saharan Africa tackle their own health problems, develop products and services, and capture the economic value of their own domestic research?
Based on background research and preliminary analysis of over one hundred in-depth interviews conducted by our team in Ghana, Tanzania, and Rwanda, this presentation lays out an ambitious yet achievable plan for a network of "convergence centers" - facilities which will bring together local scientists, entrepreneurs, business people, and investors to develop affordable health products and services focused on local health needs.
In combination with an associated venture fund, as recently proposed by IFC, these centers can tackle the gap in moving ideas from lab to marketplace, and build on growing economic strengths in several African nations. By linking with each other and with similar networks worldwide, a relatively modest investment into creating this critical infrastructure will help translate indigenous talent, capital, and know-how into positive health and economic impacts in a sustainable way.