OurCrowd Launches $200 Million International Well being Fairness Fund in collaboration with the WHO Basis on the Clinton International Initiative


NEW YORK–(BUSINESS WIRE)–OurCrowd, a number one international enterprise agency, introduced immediately the launch of a International Well being Fairness Fund (GHEF) in collaboration with the WHO Basis. The information was shared on the first main Clinton International Initiative assembly convened since 2016, held in New York Metropolis alongside the assembly of the United Nations Normal Meeting (UNGA).

The GHEF is a $200 million distinctive financial-first influence enterprise capital funding fund, specializing in breakthrough expertise options that may influence healthcare globally. It should gas innovation and improve funding within the well being sector, with the shared targets of delivering aggressive returns to traders and making certain equitable entry to medical care.

The fund was conceived within the wake of the persevering with COVID-19 pandemic, which despatched shockwaves by means of well being techniques internationally. It uncovered power weaknesses in well being techniques, the under-funding of healthcare provision, and inequitable entry to expertise options, together with the vaccines, medicines, and diagnostics developed to battle COVID-19, which stay unavailable to the vast majority of the populations of low-income international locations.

“COVID-19 was a wake-up name for me as an investor,” mentioned Jon Medved, Founder, and CEO of OurCrowd. “The pandemic opened my eyes to well being inequity world wide and strengthened the potential of progressive expertise to avoid wasting lives”

“I’m pleased with our observe file of figuring out healthcare investments which have delivered worth to sufferers and traders. This new fund builds on that success with the specific orientation of getting influence. The collaboration with the WHO Basis will enable us to establish much more thrilling investments and facilitate the dedication of traders and entrepreneurs to equitable entry to the applied sciences we assist.”

The International Well being Fairness Fund will give attention to healthcare and the industries which can be direct determinants of well being, together with power transition and meals agriculture, which collectively tackle markets value trillions of {dollars} globally. The goal portfolio corporations will subsequently not solely innovate to enhance medical care however will even work to mitigate present international well being dangers associated to local weather, fossil fuels, and looming meals shortages.

Related to the fund is an Entry Pledge, an innovation of the WHO Basis to align funding with commitments by portfolio corporations to make sure that their expertise options can be found, accessible, applicable, and reasonably priced for populations experiencing inequity, notably in low-and middle-income settings.

As a part of the Pledge, corporations will search to develop a commercially viable Entry Plan related to their companies. The WHO Basis and OurCrowd will compose a worldwide well being advisory board to supply help to those corporations to allow them to plan early for enterprise fashions that mix financial return with equitable entry.

“In each nation on the earth, too many males, ladies, and youngsters lack entry to ample healthcare due to earnings disparities and systemic obstacles that perpetuate inequity, “mentioned Anil Soni, WHO Basis’s CEO. “Regardless of clear fashions for efficiently balancing financial return with equitable entry, equivalent to the availability of medicines for HIV and AIDS, the world didn’t ship options for COVID-19 to everybody, in every single place. It’s crucial that we deploy options in response to that failure, together with directing funding to innovation and aligning each to fairness as a purpose from the beginning.”

“The International Well being Fairness Fund locations fairness on the coronary heart, with a brand new ask of traders and entrepreneurs by means of the Basis’s Entry Pledge. We’re delighted to collaborate with OurCrowd to work in direction of our shared purpose of influence on well being fairness”.

“As we face a number of existential challenges on the nationwide and on the international degree, we all know that innovators and rising leaders are getting issues achieved,” mentioned Greg Milne, CEO of the Clinton International Initiative. “The International Well being Fairness Fund will assist unlock new alternatives to broaden the attain of those progressive approaches round international well being, by harnessing the facility of traders world wide to assist options being pushed on the neighborhood degree.”

WHO Basis and Our Crowd share the intention of performing as normal bearers inside the funding and international well being communities, demonstrating the viability of investing to get sturdy returns, and meant influence, with each targets benefiting from partnership throughout the non-public and public sectors.

The fund workforce can be led by OurCrowd CEO, Jon Medved, and OurCrowd Managing Associate, Dr. Morris Laster, with the assist of the WHO Basis’s Chief Affect Funding Officer, Geetha Tharmaratnam. It is going to be managed by an OurCrowd workforce of scientific specialists with a long time of expertise in medical applied sciences and startup progress.

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Notes to Editors

About OurCrowd:

OurCrowd is the web international enterprise investing platform that empowers particular person accredited traders and establishments to speculate and interact in rising expertise corporations at an early stage. Because it was based in 2013, OurCrowd has acquired over $1.9 billion in commitments, and deployed capital into greater than 347 portfolio corporations and 39 funds throughout 5 continents. OurCrowd’s startups have recorded 59 exits thus far. Acclaimed by PitchBook as essentially the most energetic enterprise investor in Israel, OurCrowd vets and selects corporations throughout all sectors and phases, invests its personal capital, and serves its international platform of over 215,000 registered members from 195 international locations. For extra data go to www.ourcrowd.com.

Previous and present notable OurCrowd investments in well being, AgTech, FoodTecch, and power transition sectors embrace:

  • Alpha Tau Medical – Treating stable malignant tumors, utilizing focused alpha particle-based radiation, minimizing harm to wholesome surrounding tissue. [NASDAQ: DRTS]
  • BrainQ – Non-invasive expertise that treats stroke and different neurological pathologies through the use of AI to detect neural patterns in sufferers after which tailor electromagnetic fields to focus on sufferers’ impaired neural networks, restore neural connectivity, and improve pure rehabilitation.
  • H2Pro – A novel and cost-effective system for the manufacturing of inexperienced hydrogen that enables on-premises manufacturing, enabling the wide-scale adoption of sustainable hydrogen gas.
  • Past Meat – Develops and manufactures a plant-based meat substitute, which might be instrumental in lowering greenhouse gases. [NASDAQ: BYND]

Concerning the WHO Basis: Established in 2020 as an impartial entity, the WHO Basis enhances and strengthens the work of WHO and its international community of companions by mobilizing new funding from numerous sources—together with philanthropists, company entities, and the general public—to energy WHO’s mission. By addressing the world’s most pressing well being points in a brand new, transformative, catalytic manner, the WHO Basis goals to supply everybody, in every single place, a more healthy, extra equitable future.

The mission of the WHO Basis is to mobilize extra assets from companies, philanthropists, and the general public to realize the purpose of the World Well being Group (WHO): Well being for all. For extra data: https://who.basis/

Concerning the Clinton International Initiative (CGI)

The Clinton International Initiative (CGI) convenes international and rising leaders to create and implement options to the world’s most urgent challenges. CGI works with companions to drive motion by means of its distinctive mannequin. Quite than instantly implementing tasks, CGI facilitates motion by serving to members join, collaborate, and develop Commitments to Motion — new, particular, and measurable plans that tackle international challenges. By means of CGI, the neighborhood has made greater than 3,700 Commitments to Motion which have made a distinction within the lives of greater than 435 million individuals in additional than 180 international locations.

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