PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604737

Primary Business Area

Other

Disclosure Date

Mar 2, 2021

Country

Kenya

Region

Africa

IFC Approval Date

Jan 17, 2020

Status

Completed

Estimated Total Budget

$1,700,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 27, 2024

Project Estimated Start Date

Dec 23, 2019

Project Estimated End Date

Jun 30, 2022

Project Description

The TechEmerge project will support IFC’s strategy by introducing the best available technologies to IFC clients and prospective clients in the healthcare sector in East Africa through implementing the following 4 main components: 1. Mapping demand and innovation needs of selected private and public healthcare sector companies; 2. Screening and evaluation of relevant new healthcare technologies offered by young technology providers; 3. Convening a technology match-making event targeted to present and demonstrate technologies; and 4. Supporting structuring and financing field test projects. The TechEmerge project will leverage and combine IFC’s strong track record in venture capital investment in young companies with its existing network and know-how of 2,000+ investment clients globally who are users of technology.

Development Results

E&S Risks / Impacts and Mitigation