OurCrowd, an Israeli investment firm, has launched a $200 million fund focused on global healthcare technology, Reuters reports.
(Photo: JACK GUEZ/AFP via Getty Image)
World Health Organization (WHO) Regional Director for Europe Hans Henri P. Kluge (L) and Israel’s Health Minister Nitzan Horowitz attend the 72nd session of the WHO Regional Committee for Europe in the Israeli coastal city of Tel Aviv, September 12, 2022.
The company’s Global Health Equity Fund (GHEF) will boost investment in the healthcare sector while providing investors with competitive returns. Expect more disruptive technology in healthcare around the world with this fund.
The deposit
The fund was conceived during the COVID-19 pandemic and deep-seated health inequalities. Indeed, the 2020 global health emergency has shed light on health care issues such as access to first vaccines and diagnostics. Many investors were alarmed by this, leading many of them to bolster the potential of innovative technologies to save more lives.
Anil Soni, the CEO of the WHO Foundation, said in a statement: “In every country in the world, too many men, women and children do not have access to adequate health care because of income disparities and systemic barriers that perpetuate inequality.” This requires Solutions in response to failure during the COVID-19 crisis.
OurCrowd already has venture investments in healthcare, such as Alpha Tau Medical and BrainQ.
The new fund and collaboration with WHO will identify more investments and engage investors and business owners on equitable access to technology.
Also read: How technology can help patients understand their health conditions
Health inequalities and the need for advanced health technologies
You may know that health inequalities are one of the most pressing global challenges. Currently, around a billion people in the world do not have access to basic health care and other essential resources such as vaccines. Poverty, lack of access to health care and lack of medicines are some of the main causes of inequity in the global health sector.
For this reason, the Global Health Equity Fund will seek to fill this gap; Creation of an investment pool to improve access to health technologies. This will be the breakthrough technology needed to address the massive health inequalities around the world.
With the help of the new fund and the support of the WHO, these gaps can be closed. For investors in the healthcare sector to continue to innovate, they need to stay ahead of the curve. That means they must commit to investing more in the sector. This can only be achieved with an ecosystem of investors committed to truly increasing the potential of the healthcare sector.
Innovators are supported and can continue to innovate in healthcare. With the GHEF, OurCrowd can help identify technologies and provide them with the tools needed to transform lives and make healthcare more accessible around the world.
Related article: The 5 most important healthcare innovations that will be trending in 2022
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Written by April Fowell
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