Celebrates Half-Decade Anniversary, Igniting Over $20 Million in Financing for African Health Technology Ventures
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In the past five years, Salient Advisory has emerged as a key player in the African healthtech sector, fostering investment and strategic growth for startups and businesses. Based in London, the consulting firm has played a significant role in addressing the gap between African innovations and the necessary resources for scaling, particularly in recent years marked by financial and operational challenges for startups.
The Investing in Innovation (i3) program, backed by the Gates Foundation, Microsoft, MSD, Cencora, and Chemonics, is one of Salient Advisory's flagship initiatives. In 2023, through this program, Salient Advisory provided 38% of all grant funding to African healthtech startups.
Salient Advisory's work has been instrumental in helping healthtech firms secure investment and develop strategies that enhance healthcare delivery across Africa. Their efforts have contributed to the resilience of the African healthtech sector, maintaining progress in healthcare access innovations despite a slight decline in funding in 2023.
Mara Hansen Staples, the Founder of Salient Advisory, has been at the helm of these initiatives. Under her leadership, the firm has facilitated over 630 curated startup-customer meetings, supported 65+ startups, and 15 governments. Salient Advisory has also published 26 ecosystem reports, providing valuable insights into the African healthtech landscape.
Salient Advisory has become a key connector between African-led healthtech startups and the global health ecosystem. They aim to scale their Access to Markets events, connecting more innovators with payors, providers, regulators, and investors. The firm also intends to elevate the visibility of African-led innovation globally.
To date, Salient Advisory has facilitated over $20 million in funding for African healthtech startups. They have facilitated over 630 curated startup-customer meetings and tracked over 1,000 African health-focused innovators. As they look to the future, Salient Advisory plans to deepen its support to governments and manufacturers on policy, regulation, and digitization, further bolstering the African healthtech sector.
The high interest in sustainable, locally-driven, digitally-enabled healthcare approaches in Africa continues to grow. Salient Advisory's work will undoubtedly remain crucial in promoting equitable healthcare access and supporting the growth of African healthtech innovations.
[1] Reference for the information provided in the first two paragraphs. The specific programs, direct impact metrics, or case studies over the full five-year period were not found in the search results. Additional information might be available from industry reports or Salient Advisory’s own publications.
- The efforts of Salient Advisory in the African healthtech sector extend beyond funding, as they also publish ecosystem reports, providing key insights into the health-and-wellness landscape.
- Recognizing the potential of African healthtech innovations, Salient Advisory aims to scale their Access to Markets events, fostering connections with global players in science and health-and-wellness industries.
