Villgro Philippines, a women-owned and led gender-smart incubator, has partnered with Canada’s International Development Research Center (IDRC) to launch an accelerator for AI innovations in healthcare in South and Southeast Asia.
The program – Artificial Intelligence for Health in Asia (AI4Health Asia) – seeks to scout, support, and scale innovations to promote responsible AI development in the region.
A14Health Asia, designed and implemented by Villgro Philippines with a grant from IDRC of Canada, is a 10-month regional accelerator program that focuses on sexual, reproductive, and maternal health as well as epidemic and pandemic prevention, preparedness, and response.
Its geographic focus includes the Philippines, Indonesia, Thailand, Vietnam, Bangladesh, and Nepal.
Per the announcement, the objective of the program is to create and enable a robust ecosystem of support and catalyze responsible development, scaling, and support for new AI health innovations that solve development challenges still reeling from the impact of COVID-19.
“Asian entrepreneurs possess the talent, ability, or know-how to solve these problems but need a more support ecosystem to create the business case to address these intractable problems at scale,” said Priya Thachadi, co-founder and CEO of Villgro Philippines.
AI4Health is looking at providing seed funding of up to $6,250 per qualified startup. In addition, it will provide peer learning and coaching, mentoring, technical assistance, investment readiness, and follow-on funding.
Villgro Philippines currently has a direct portfolio of 38 startups across health, education, agriculture, affordable housing, and women and girls in Southeast Asia. These include WVN Home, Tinker House, Sustansiya, Suki Plus Technologies, Social Light, Rumarocket Limited, Junk Not, Husay Co, Happy Helpers, and more.
It co-founded Impact Pioneers, an impact angel investment platform in the country, and WE Rise Community, an access-to-finance platform for women entrepreneurs to connect to capital, among others.
IDRC, on the other hand, is part of Canada’s foreign affairs and development efforts. It invests in high-quality research in developing countries.
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