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Nigeria : PHN announces N170M Health Innovation Challenge
Publish Date : 09-Dec-2014
Seeking to boost healthcare delivery as well as reach the Millennium Development Goals (MDGs), the Private Sector Health Alliance of Nigeria (PHN) has announced the $1 million (N170 million) Health Innovation Challenge (HIC). Established to mobilize the broader business and corporate community as well as the private health industry towards a multi-industrial coalition to enhance health results, PHN, said the HIC initiative has been unveiled to address suboptimal health care, decrease variability in care and catalyze impact investments in key segments that benefit the poor in Nigeria's 160 million people.
Chairman, PHN Nigeria Health Innovation Marketplace (MHIM) Steering Committee and Group Managing Director (GMD) of Access Bank, Herbert Wigwe, said the largest missed chance in fast-tracking improved Nigeria's health results lies in the ability to form a health innovation marketplace to identify, spur and scale up promising health innovations that leapfrog constraints and save lives. Wigwe maintained that the private industry has to play a key role in complementing governments' effort to contribute to Save One Million Lives (SOML) through innovation, advocacy and impact investments.
He said : "We (PHN) have convened a community of practice for healthcare innovators in Nigeria. This community will leapfrog innovation through shared learning. There will be learning clusters, spin-offs from this mother group, but we will convene again intermittently, to share not only updates, but also our successes in saving lives. We developed problem statements in partnership with States and government agencies and we are confident that addressing these constraints through innovation and partnerships. The NHIM virtual portal has gone live. This is home to the six critical components of the marketplace which by their intrinsic design will spur innovation, whether it is through knowledge sharing, creating visibility for innovators, developing capabilities of innovators, linking innovators with investors, fostering collaboration or generating healthy competition."
