OurCrowd, an Israeli investment firm, has launched a $200 million fund that is focused on technology for healthcare globally, as reported by Reuters.
(Photo : JACK GUEZ/AFP via Getty Image)
Regional Director for Europe of the World Health Organisation (WHO) Hans Henri P. Kluge (L) and Israeli Health Minister Nitzan Horowitz attend the 72nd session of the WHO Regional Committee for Europe on September 12, 2022 in the Israeli coastal city of Tel Aviv.
The firm's Global Health Equity Fund (GHEF) will boost the investment in the health sector, at the same time, deliver competitive returns to its investors. With this fund, expect to see more breakthrough tech in the health sector globally.
The Fund
The fund was conceived during the COVID-19 pandemic and the deep-rooted healthcare inequalities. Indeed, the 2020 global health emergency has shed light on healthcare issues, such as access to initial vaccines and diagnostics. Many investors were alarmed with this, which pushed many of them to reinforce the potential of innovative technology to help save more lives.
Anil Soni, the CEO of WHO Foundation, said in a statement, "In every country in the world, too many men, women, and children lack access to adequate healthcare because of income disparities and systemic barriers that perpetuate inequity." This calls for solutions in response to the failure during the COVID-19 crisis.
OurCrowd already has health-related venture investments, such as in Alpha Tau Medical and BrainQ.
With the new fund and the collaboration with WHO, more investments will be identified and will make investors and business owners commit to equitable access to technologies.
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Health Inequalities and the Need for Advanced Health Technologies
You might be aware that health inequities are one of the most pressing global challenges. As of now, approximately a billion people in the world don't have access to primary care and other basic resources, such as vaccines. Poverty, non-access to healthcare, and the lack of pharmaceuticals are some of the major causes of inequities in the global health sector.
For this reason, the Global Health Equity Fund will seek to bridge the gap; create a pool of investments to increase access to health technologies. This will become the breakthrough technology that is needed to address massive healthcare disparities across the world.
With the help of the new fund and support from WHO, these gaps can be filled. For investors to continue innovating in the health sector, they need to stay ahead of the curve. This means that they need to commit to investing more in the sector. This can only be achieved with an ecosystem of investors who commit to truly helping the potential of the health sector to increase.
Innovators will be supported and will be able to continue innovating in the healthcare sector. With the GHEF, OurCrowd can help identify technologies and give them the needed funding to help transform lives and make healthcare more accessible globally.
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Written by April Fowell
