In Mexico, demand for healthcare services exceeds supply across the board, with disproportionate need in rural communities. Chronic conditions have become a challenge nation-wide: 75% of all deaths in Mexico are caused by non-communicable diseases. Even with the launch of government insurance programs like Seguro Popular (“Popular Insurance”), nearly half of the 122 million Mexicans still have to pay completely out-of-pocket. Mexico currently lacks the infrastructure to address these problems: The health sector faces inefficient resource allocation, opaque and nonexistent regulations, insufficient data, and a lack of communication between private and public institutions. That means there are millions of Mexicans without access to the services they need to prevent, detect, and treat illnesses. Ultimately, it’s the patients that literally feel the pain of these challenges.
The Village Capital Health: Mexico 2017 program, with support from Autodesk Foundation, is seeking early-stage ventures with hardware and technological solutions to problems in access to affordable healthcare in Mexico.
This 12-day program, spaced over the course of 3 months, will support entrepreneurs with an award-winning program curriculum, one-on-one mentorship from sector leaders, and tailored engagement with potential strategic partners and investors.
At the end of the program, the top two ventures, based on a peer-rank, will be offered US$75,000 investment from VilCap Investments and co-investor Pomona Impact.
The healthcare challenges in Mexico can have devastating effects to the people, not merely health-wise, but can also have an adverse effect on the economy and economic growth of the country. A healthy workforce means less sick days and increased productivity. That is why we are committed to launching the first ever Village Capital Health: Mexico program and seek health entrepreneurs with market-based solutions that:
- Leverage affordable technology, devices, and services to detect, diagnose, and treat individuals’ unique health conditions, especially for those in remote and low-income communities;
- Educate and inform Mexicans on how to prevent, detect, and address health conditions early, and help health professionals to better communicate with their patients;
- Collect data and facilitate communication and collaboration between actors in the health system to enable greater efficiency and better health outcomes for patients;
- Address financial access to health through savings, credit, and insurance products that decrease excessive out-of-pocket expenditures.
Furthermore, eligible enterprises must:
Have at least one full-time team member based in Mexico
Have a minimum viable product
Have meaningful customer or business validation (not limited to revenue, can also be successful pilot studies, number of users, and/or strategic partnerships)
Program Dates (all held in Mexico City):
Workshop 1: January 18th – 21st, 2017 at Gentera’s Fiinlab
Workshop 2: March 1st – 4th, 2017 at Gentera’s Fiinlab
Workshop 3: March 28th – 31st, 2017 at Gentera’s Fiinlab
Applications open on September 12, 2016 and close November 4th. Applications will be reviewed on a rolling basis, and those that apply earlier will have greater chances of being selected – we encourage you to apply early! Watch this space for application information.