{"id":4258,"date":"2023-03-15T09:41:08","date_gmt":"2023-03-15T09:41:08","guid":{"rendered":"https:\/\/www.impactafricasummit.org\/?page_id=4258"},"modified":"2023-10-13T12:45:20","modified_gmt":"2023-10-13T11:45:20","slug":"ias-pharma-2023-innovation-challenge-3-0","status":"publish","type":"page","link":"https:\/\/www.impactafricasummit.org\/pias\/ias-pharma-2023-innovation-challenge-3-0\/","title":{"rendered":"IAS Pharma 2023 Innovation Challenge 3.0"},"content":{"rendered":"<div class=\"inlr\">\n<div id=\"wrapper\">\n<div class=\"in_left\">\n<h2>Innovation Challenge 3.0<\/h2>\n<p>Every year, the IASPharma identifies and rewards individuals with impactful innovations across the manufacturing and digital health sectors. There is no doubt that there is a paradigm shift in healthcare with exponential growth in technologies driving the change in making care delivery less expensive, more efficient, and more accessible.<\/p>\n<p>To achieve its ambition of innovative healthcare solutions and access to effective treatments in Africa, IASPharma2023 is open to innovations to drive medical research and development, leveraging potential groundbreaking solutions.<\/p>\n<p>In furtherance of advancing the development of innovative solutions, IAS is hosting an innovation challenge pitch session for the period leading to the finale at the IASPharma2023.  Individuals with compelling breakthrough solutions based on scalability, effectiveness and business sustainability will have access to up to NGN20,000,000 in equity investments.\n<\/p><\/div>\n<div class=\"in_right\">\n<h3>Innovation Challenge 2.0<\/h3>\n<p><video width=\"100%\" height=\"auto\" controls autoplay><source src=\"https:\/\/www.impactafricasummit.org\/wp-content\/uploads\/2022\/04\/Xcene-SMES-Project-1.mp4\" type=\"video\/mp4\"><source src=\"https:\/\/www.impactafricasummit.org\/wp-content\/uploads\/2022\/04\/Xcene-SMES-Project-1.mp4\" type=\"video\/ogg\">Your browser does not support the video tag.<\/video>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"rdbo\">\n<div id=\"wrapper\">\n<div id=\"invsec2\">\n<div id=\"invsecin\">\n<h2>Innovation Categories Scope<\/h2>\n<style>#sp-ea-1334 .spcollapsing { height: 0; overflow: hidden; transition-property: height;transition-duration: 500ms;}#sp-ea-1334.sp-easy-accordion>.sp-ea-single {margin-bottom: 10px; border: 1px solid rgba(249,90,96,0); }#sp-ea-1334.sp-easy-accordion>.sp-ea-single>.ea-header a {color: #444;}#sp-ea-1334.sp-easy-accordion>.sp-ea-single>.sp-collapse>.ea-body {background: rgba(255,255,255,0); color: #444;}#sp-ea-1334.sp-easy-accordion>.sp-ea-single {background: rgba(238,238,238,0);}#sp-ea-1334.sp-easy-accordion>.sp-ea-single>.ea-header a .ea-expand-icon { float: right; color: #ffffff;font-size: 16px;}#sp-ea-1334.sp-easy-accordion>.sp-ea-single>.ea-header a .ea-expand-icon {margin-right: 0;}<\/style><div id=\"sp_easy_accordion-1775409588\"><div id=\"sp-ea-1334\" class=\"sp-ea-one sp-easy-accordion\" data-ex-icon=\"minus\" data-col-icon=\"plus\"  data-ea-active=\"ea-click\"  data-ea-mode=\"vertical\" data-preloader=\"\" data-scroll-active-item=\"\" data-offset-to-scroll=\"0\"><div class=\"ea-card ea-expand sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13340\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13340\" aria-controls=\"collapse13340\" href=\"javascript:void(0)\"  aria-expanded=\"true\" tabindex=\"0\"><i class=\"ea-expand-icon ea-icon-expand-minus\"><\/i> Healthcare<\/a><\/h3><div class=\"sp-collapse spcollapse collapsed show\" id=\"collapse13340\" data-parent=\"#sp-ea-1334\" role=\"region\" aria-labelledby=\"ea-header-13340\"><div class=\"ea-body\"><p>Sub-Saharan Africa bears a large percentage of the global disease burden in addition to the sheer shortage of healthcare professionals. We are seeking disruptive but efficient and sustainable innovative solutions to address the gaps and increase access to healthcare in Africa<\/p>\n<\/div><\/div><\/div><div class=\"ea-card  sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13341\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13341\" aria-controls=\"collapse13341\" href=\"javascript:void(0)\"  aria-expanded=\"false\" tabindex=\"0\"><i class=\"ea-expand-icon ea-icon-expand-plus\"><\/i> Biotech<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse13341\" data-parent=\"#sp-ea-1334\" role=\"region\" aria-labelledby=\"ea-header-13341\"><div class=\"ea-body\"><p>Funding is a big impediment to the Biotech industry and our aim is to enable meaningful biotech development. We are seeking innovations that directly contributes to the increasing demand for healthcare devices that are conducive to low resource environment<\/p>\n<\/div><\/div><\/div><div class=\"ea-card  sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13342\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13342\" aria-controls=\"collapse13342\" href=\"javascript:void(0)\"  aria-expanded=\"false\" tabindex=\"0\"><i class=\"ea-expand-icon ea-icon-expand-plus\"><\/i> IT\/Digital Health<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse13342\" data-parent=\"#sp-ea-1334\" role=\"region\" aria-labelledby=\"ea-header-13342\"><div class=\"ea-body\"><p>We are on the lookout for digital and tech enabled tools that can connect people to treatment, support and care and improve health outcomes at the grassroots level of primary healthcare.<\/p>\n<\/div><\/div><\/div><div class=\"ea-card  sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13343\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13343\" aria-controls=\"collapse13343\" href=\"javascript:void(0)\"  aria-expanded=\"false\" tabindex=\"0\"><i class=\"ea-expand-icon ea-icon-expand-plus\"><\/i> Manufacturing\/Supply Chain &amp; Logistics<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse13343\" data-parent=\"#sp-ea-1334\" role=\"region\" aria-labelledby=\"ea-header-13343\"><div class=\"ea-body\"><p>The increasing gap in Africa\u2019s overall healthcare manufacturing explains lack of access to essential devices &amp; products. We seek innovations that can support the local manufacturing and supply chain industries with effective in-country distribution systems that promote access to sustainable systems and equipment<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"blbo\">\n<div id=\"wrapper\">\n<div id=\"invsec3\">\n<div id=\"invsecin\">\n<h2>Our Motivation<\/h2>\n<ul class=\"inoli\">\n<li>To be an enabler and champion of complex clinical research and healthcare solutions.<\/li>\n<li>Provide financial support for compelling ideas among intellectual innovators.<\/li>\n<li>Create, train and mentor a pool of experienced and committed leaders who will provide strategic expertise and perspective for the health care sector.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"rdbo\">\n<div id=\"wrapper\">\n<div id=\"invsec4\">\n<div id=\"invsecin\">\n<h2>Benefits To Winners<\/h2>\n<ul class=\"inoli\">\n<li>The best innovators will get access to Xcene Research\u2019s network and value chain, allowing them to further develop and grow their value proposition.<\/li>\n<li>Product development, distribution, and business modelling will be supported through NGN20,000,000.00 in equity investments for select businesses.<\/li>\n<li>Mentorship and support from Xcene Research as well as industry leaders in the chosen business industry.<\/li>\n<li>Recognition and exposure during the IAS 2023 event and on the IAS website.<\/li>\n<li>The winners will also have access to Xcene Research\u2019s customer base and employee expertise to further bolster their operations.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"blbo\">\n<div id=\"wrapper\">\n<div id=\"invsec5\">\n<div id=\"invsecin\">\n<h2>Selection Criteria<\/h2>\n<ul class=\"inoli\">\n<li>Businesses may operate in but not limited to the Financial Technology, E-Commerce, Education, Manufacturing and Agricultural sectors as it relates to the Healthcare Industry.<\/li>\n<li>Provision of total business valuation, percentage and valuation of shareholder equity up for financing.<\/li>\n<li>Business must have been in existence and duly registered with the Corporate Affairs commission for at least 3 years.<\/li>\n<li>Entries must demonstrate the potential for scale from proof of concept to long-term sustainability.<\/li>\n<li>Candidates must provide a corporate account with a commercial bank, statement of financial position and profit and loss statement for the last 3 years.<\/li>\n<li>Provision of concise business plan with 3\u20135-year business projection.<\/li>\n<li>Signed permission from your partners and\/or shareholders.<\/li>\n<\/ul>\n<h2>Pitch Details<\/h2>\n<ul class=\"inoli\">\n<li>Name of your business, what it does, when it was founded, and what is most fantastic about your business idea or value proposition.<\/li>\n<li>The problem your product or service addresses.<\/li>\n<li>Your main product or service offering, how it functions, and why it is valuable<\/li>\n<li>How do you intend to earn money and generate revenue?<\/li>\n<li>Market size for your product or service offering.<\/li>\n<li>Your competitors and the competitive advantage you enjoy over them.<\/li>\n<li>Your target market, your strategy for reaching them, and the business partners you have that can help you scale up more quickly.<\/li>\n<li>Your human capital and their extensive technical and market knowledge on how to execute the business\u2019 value proposition.<\/li>\n<li>Milestones you have achieved in business, technology, or the milestones that demonstrate the viability of your value proposition.<\/li>\n<\/ul>\n<h2>What to Bring<\/h2>\n<ul class=\"inoli\">\n<li>Full upscaling Business Plan\/Proposal with the underlisted sub-topics<br \/>\na) Business Description &#8211; what your business does (product\/service offering, target customers, repeat revenue generation strategy) and the legal framework.<br \/>\nb) Vision and Mission Statement- reason for being in business (core purpose \u2013 problem the business is trying to solve, for whom \u2013 primary target audience, and core expertise \u2013 what capability makes you unique) \u2013 mission; and what you want your business to look like in the future \u2013 vision.<br \/>\nc) Business Objectives- financial (revenue, profit, and ROI) and non-financial (size, location, product lines) goals for your business in the next 3-5 years<br \/>\nd) Milestones- specific projects (marketing, product development, operations) you expect to complete by certain deadlines (next 6 months \u2013 5 years),<br \/>\ne) Funding requirements \u2013 so investors know how capital will be utilized.<br \/>\nf) Business history and forecast- where you are in the business cycle and next steps.<br \/>\ng) Stipulation and valuation of how much equity the company is willing to cede.<\/p>\n<\/li>\n<li>Signed consent of partner(s) and or shareholders<\/li>\n<li>CAC certificate\/Proof of business ownership<\/li>\n<li>Financial Statements<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"rdbo\">\n<div id=\"wrapper\">\n<div id=\"invsec6\">\n<div id=\"invsecin\">\n<h2>Registration<\/h2>\n<p>To register as a participant, simply fill the form below and ensure you attach your Slide Deck\/Business Case\/Company Profile.<\/p>\n<p>&nbsp;<\/p>\n<p><!--[contact-form-7 id=\"1365\" title=\"Innovation Challenge Registration\"]\n[contact-form-7 id=\"338ead2\" title=\"Innovation Challenge Registration\"]--><br \/>\n<div class=\"forminator-ui forminator-custom-form forminator-custom-form-4793 forminator-design--default  forminator_ajax\" data-forminator-render=\"0\" data-form=\"forminator-module-4793\" data-uid=\"69d299b4bf5cc\"><br\/><\/div><form\n\t\t\t\tid=\"forminator-module-4793\"\n\t\t\t\tclass=\"forminator-ui forminator-custom-form forminator-custom-form-4793 forminator-design--default  forminator_ajax\"\n\t\t\t\tmethod=\"post\"\n\t\t\t\tdata-forminator-render=\"0\"\n\t\t\t\tdata-form-id=\"4793\"\n\t\t\t\t\n\t\t\t\tdata-design=\"default\"\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tdata-grid=\"open\"\n\t\t\t\tenctype=\"multipart\/form-data\"\n\t\t\t\t\n\t\t\t\tstyle=\"display: none;\"\n\t\t\t\t\n\t\t\t\tdata-uid=\"69d299b4bf5cc\"\n\t\t\t><div role=\"alert\" aria-live=\"polite\" class=\"forminator-response-message forminator-error\" aria-hidden=\"true\"><\/div><div class=\"forminator-row\"><div id=\"text-1\" class=\"forminator-field-text forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-text-1_69d299b4bf5cc\" id=\"forminator-field-text-1_69d299b4bf5cc-label\" class=\"forminator-label\">Name of Innovator:<\/label><input type=\"text\" name=\"text-1\" value=\"\" placeholder=\"\" id=\"forminator-field-text-1_69d299b4bf5cc\" class=\"forminator-input forminator-name--field\" data-required=\"\" \/><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"text-2\" class=\"forminator-field-text forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-text-2_69d299b4bf5cc\" id=\"forminator-field-text-2_69d299b4bf5cc-label\" class=\"forminator-label\">Company\/Business name:<\/label><input type=\"text\" name=\"text-2\" value=\"\" placeholder=\"\" id=\"forminator-field-text-2_69d299b4bf5cc\" class=\"forminator-input forminator-name--field\" data-required=\"\" \/><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"text-3\" class=\"forminator-field-text forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-text-3_69d299b4bf5cc\" id=\"forminator-field-text-3_69d299b4bf5cc-label\" class=\"forminator-label\">How long has business been in operation?<\/label><input type=\"text\" name=\"text-3\" value=\"\" placeholder=\"\" id=\"forminator-field-text-3_69d299b4bf5cc\" class=\"forminator-input forminator-name--field\" data-required=\"\" \/><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"phone-1\" class=\"forminator-field-phone forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-phone-1_69d299b4bf5cc\" id=\"forminator-field-phone-1_69d299b4bf5cc-label\" class=\"forminator-label\">Phone number:<\/label><input type=\"text\" name=\"phone-1\" value=\"\" placeholder=\"\" id=\"forminator-field-phone-1_69d299b4bf5cc\" class=\"forminator-input forminator-field--phone\" data-required=\"\" aria-required=\"false\" autocomplete=\"off\" \/><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"text-4\" class=\"forminator-field-text forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-text-4_69d299b4bf5cc\" id=\"forminator-field-text-4_69d299b4bf5cc-label\" class=\"forminator-label\">Address of business:<\/label><input type=\"text\" name=\"text-4\" value=\"\" placeholder=\"\" id=\"forminator-field-text-4_69d299b4bf5cc\" class=\"forminator-input forminator-name--field\" data-required=\"\" \/><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"email-1\" class=\"forminator-field-email forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-email-1_69d299b4bf5cc\" id=\"forminator-field-email-1_69d299b4bf5cc-label\" class=\"forminator-label\">Email Address:<\/label><input type=\"email\" name=\"email-1\" value=\"\" placeholder=\"\" id=\"forminator-field-email-1_69d299b4bf5cc\" class=\"forminator-input forminator-email--field\" data-required=\"\" aria-required=\"false\" \/><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"textarea-1\" class=\"forminator-field-textarea forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-textarea-1_69d299b4bf5cc\" id=\"forminator-field-textarea-1_69d299b4bf5cc-label\" class=\"forminator-label\">Brief description of operations (scale &amp; staff strength):<\/label><textarea name=\"textarea-1\" placeholder=\"\" id=\"forminator-field-textarea-1_69d299b4bf5cc\" class=\"forminator-textarea\" rows=\"6\" style=\"min-height:140px;\" ><\/textarea><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"upload-1\" class=\"forminator-field-upload forminator-col forminator-col-12 \"><div class=\"forminator-field\"><label for=\"forminator-field-upload-1_69d299b4bf5cc\" id=\"forminator-field-upload-1_69d299b4bf5cc-label\" class=\"forminator-label\">Attach your Slide Deck\/Business Case\/Company Profile. Max file size should be 5MB.<\/label><div class=\"forminator-file-upload \" data-element=\"upload-1_69d299b4bf5cc\" aria-describedby=\"forminator-field-upload-1_69d299b4bf5cc-description\"><input type=\"file\" name=\"upload-1\" id=\"forminator-field-upload-1_69d299b4bf5cc\" class=\"forminator-input-file\" accept=\".PDF,.JPG,.JPEG,.jpg,.jpeg,.jpe,.png,.docx,.pdf\"><button id=\"forminator-field-upload-1_69d299b4bf5cc_button\" class=\"forminator-button forminator-button-upload\" data-id=\"forminator-field-upload-1_69d299b4bf5cc\">Choose File<\/button><span data-empty-text=\"No file chosen\">No file chosen<\/span><button class=\"forminator-button-delete\" style=\"display: none;\"><i class=\"forminator-icon-close\" aria-hidden=\"true\"><\/i><span class=\"forminator-screen-reader-only\">Delete uploaded file<\/span><\/button><\/div><\/div><\/div><\/div><input type=\"hidden\" name=\"referer_url\" value=\"\" \/><div class=\"forminator-row forminator-row-last\"><div class=\"forminator-col\"><div class=\"forminator-field\"><button class=\"forminator-button forminator-button-submit\">Sumbit<\/button><\/div><\/div><\/div><input type=\"hidden\" id=\"forminator_nonce\" name=\"forminator_nonce\" value=\"4c7320c74d\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/pias\/wp-json\/wp\/v2\/pages\/4258\" \/><input type=\"hidden\" name=\"form_id\" value=\"4793\"><input type=\"hidden\" name=\"page_id\" value=\"4258\"><input type=\"hidden\" name=\"form_type\" value=\"default\"><input type=\"hidden\" name=\"current_url\" value=\"https:\/\/www.impactafricasummit.org\/pias\/ias-pharma-2023-innovation-challenge-3-0\/\"><input type=\"hidden\" name=\"render_id\" value=\"0\"><input type=\"hidden\" name=\"action\" value=\"forminator_submit_form_custom-forms\"><\/form><\/p>\n<p>&nbsp;<\/p>\n<h3>Innovation Challenge Pitch Takes Place<\/h3>\n<p><strong>Venue:<\/strong> S&#038;B Tejuosho Estate, Ogunsiji Close, Allen Avenue Ikeja, Lagos<\/br><br \/>\n<strong>Date:<\/strong> 11th November 2023<\/br><br \/>\n<strong>Time:<\/strong> 8am \u2013 6pm WAT<\/p>\n<p><strong><em>Please note that the deadline for the Submission of all required documents for the Innovation challenge is 31st October 2023. Also, participation is strictly by invitation and the top 15 applicants will be shortlisted for the event.<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Innovation Challenge 3.0 Every year, the IASPharma identifies and rewards individuals with impactful innovations across the manufacturing and digital health sectors. There is no doubt that there is a paradigm shift in healthcare with exponential growth in technologies driving the change in making care delivery less expensive, more efficient, and more accessible. To achieve its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"innovation.php","meta":{"footnotes":""},"class_list":["post-4258","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.impactafricasummit.org\/pias\/wp-json\/wp\/v2\/pages\/4258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.impactafricasummit.org\/pias\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.impactafricasummit.org\/pias\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.impactafricasummit.org\/pias\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.impactafricasummit.org\/pias\/wp-json\/wp\/v2\/comments?post=4258"}],"version-history":[{"count":11,"href":"https:\/\/www.impactafricasummit.org\/pias\/wp-json\/wp\/v2\/pages\/4258\/revisions"}],"predecessor-version":[{"id":4799,"href":"https:\/\/www.impactafricasummit.org\/pias\/wp-json\/wp\/v2\/pages\/4258\/revisions\/4799"}],"wp:attachment":[{"href":"https:\/\/www.impactafricasummit.org\/pias\/wp-json\/wp\/v2\/media?parent=4258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}