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Studies detail triumphs, troubles of African innovators creating products for local health needs
Date:12/12/2010

, one for social and health returns, and one had mixed aims. (One of the funds, Bioventures, is discussed above.)

Lessons learned include

  • The importance of measuring and supporting both social and financial returns;

  • The need to engage both upstream capital such as government funding and downstream capital from the private sector; and

  • The existence of many challenges including difficulty of raising capital, low human resource capacity, regulatory barriers, and risky business environments.

The authors suggest that those looking to design venture funding for African science-based health innovation with significant impact should structure funds for long-term sustainability and attract for-profit private sector funds.

The proposed venture approach can complement existing initiatives to encourage local scientific and economic development while tapping new funding sources.

The authors conclude that there is a case for venture funding as one support mechanism for science-based African health innovation, with opportunities for risk-tolerant investors to make financial as well as social returns.

Country studies in brief

Science-based health innovation in Uganda: creative strategies for applying research to development

According to authors Sheila Kamunyori, Nelson Sewankambo, Abdallah S. Daar, and Peter A. Singer, Uganda has a long history of health research. And it has moved recently to build its science and technology capacity.

They detail Uganda's capacity in health and biotechnology innovation and highlight examples of indigenous innovation, challenges for the future, and areas of strength on which to build.

Uganda has a range of institutions influencing science-based health innovation, with varying degrees of success. It has developed biosafety regulations and intellectual property policies, and has put before
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Contact: Terry Collins
tc@tca.tc
416-538-8712
McLaughlin-Rotman Centre for Global Health
Source:Eurekalert  

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