South Africa-based medical services provider Netcare has partnered Founders Factory Africa (FFA), a subsidiary of incubator and accelerator Founders Factory, to jointly grow 35 health technology startups in Africa.
Netcare will provide startups with access to hospitals, primary healthcare clinics, data and intellectual property in addition to possible funding. FFA members will support them in product development, user interface, engineering, investment, business development and growth marketing.
FFA’s six-month accelerator will consider Netcare portfolio companies’ applications while its incubator can help entrepreneurs devise health-related business ideas.
Netcare chief executive Richard Friedland said: “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.”
