Funding options for health startups
The capital markets are facing high instability, the stock market have hit record and global demand for products and services are at all an all time low; however with all this taking place – it might be the best time ever for health startups and businesses.
Take Nigerian & African startup Helium Health that raised over $10million Series A for its Africa expansion. The health startups sits in a good position during a difficult period because it digitizes data, formalizes monetization and enabled telemedicine for health care systems in Nigeria, Liberia and Ghana. Health has taken the global stage and its importance is now more paramount because the corona virus lead to a global shut down and lockdown of nations all around the world. People now highly realize that health cannot be a fringe topic for people with illness or challenges, but rather an issue that can completely affect every aspect of our day to life, altogether leading to the prioritization of health as a paramount issue for people and investors alike.
Starting a dialogue with investors, angels, friends and families about health innovation or health business has become easier and the outcomes more favorable to the entrepreneurs leading the charge for solutions in this field. Areas across the board are receiving support from facemask development, sanitizers, facilitating of appointments, information sharing between healthcare providers and citizens, digital payments, data gathering, data mining and across the board simple technologies that can make providers and patients lives more efficient; all these are areas that health companies can leverage to raise funding and support.
Funding options are more available for health based organizations and startups now more than ever. Tap into existing networks, the very same groups that may have rejected an outreach in the past and search across for venture funds and angel networks that previously did not look into health in the past – that are now decided to invest into the health space.