Madiro looks to partner with Grand Challenges Canada

We had a great meeting with Peter Singer and the team at Grand Challenges Canada. They have a great pipeline of opportunities in health innovations for the developing world that are in need of funding and mentoring. Of roughly 600 applicants, they select 120 finalists who can receive $100k grants to develop and market their innovations. A subset of these will qualify for follow-on funding. Their key grand challenges are:

A fifth, still in development, is Strengthening Health Enterprises. Modelled on the Oxford Lotus program and sharing lots in common with one of our heroes, the Acumen Fund, we see this as a great opportunity to get involved with social VC (the patient Venture Capital kind… not the Silicon Valley Vulture Capital variety!).
We’re looking at various ways to get involved, from being a part of the selection committee to meeting the finalists at the World’s Fair in July 2012 in the Development Exchange. Some finalists who are not ready to put $100k to work right away may benefit from a smaller investment by the Madiro Fund and some help to advance the idea.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>