Johannesburg-based tech accelerator and incubator Founders Factory Africa (FFA) and major South African healthcare provider Netcare aim to build and scale the future of African healthcare tech. The companies unveiled a partnership this week to invest in health tech in South Africa and across the continent.
Existing companies would enter FFA’s six-month accelerator program while the incubator program would launch new health tech ventures. Participants in both programs have FA’s deep talent pool within reach to guide product development, UX/UI, engineering, investment, business development and growth marketing.
Healthcare technology startups eager for access to resources and expertise in the healthcare industry can benefit from Netcare’s vast network of hospitals, primary healthcare clinics and healthcare value chains as well as the company’s technical expertise and IP.
"This exciting initiative enables us to stimulate healthcare innovation and development in South Africa and across the rest of the continent. We are proud to be joining Founders Factory Africa in creating a support system for entrepreneurs which will help them grow innovative healthcare businesses and will provide value to people across Africa, while also unlocking future investment opportunities for Netcare."
"This exciting initiative enables us to stimulate healthcare innovation and development in South Africa and across the rest of the continent. We are proud to be joining Founders Factory Africa in creating a support system for entrepreneurs which will help them grow innovative healthcare businesses and will provide value to people across Africa, while also unlocking future investment opportunities for Netcare," said Richard Friedland, CEO of the Netcare Group, in a statement.
Roo Rogers, Co-Founder and CEO of Founders Factory Africa, added: "We are incredibly proud to partner with Netcare. Together we will unlock groundbreaking opportunities in accessing affordable healthcare. We will deliver digitised healthcare solutions and contribute to spearheading Africa's innovation in healthcare. The time, the opportunity, and the need is now, for driving Africa's health-tech to improve the lives of millions of people."
