SAMRIDH Recoverable Grants Program – India

The newly launched Recoverable Grants initiative under SAMRIDH lends or provides grants to recipients to build sustainability of interventions and help create credit history for their social enterprises, making them more investment ready in the future.

The Recoverable Grants Program leverages philanthropic funding as catalytic capital to mitigate barriers for private sector investments in businesses targeting to solve critical gaps in Indian health eco-systems to achieve healthcare SDGs.

This Recoverable Grants initiative will showcase prudent use of Grants, ensure multi-fold impact and leverage over time as many entities will be funded with the same pool of money. Under this, funding will be provided as catalytic capital to multiple recipients to mitigate their financing challenges and enhance their operational and financial sustainability.

The Program’s support will be complemented with technical assistance and business advisory services where required. Start-ups and businesses in the healthcare space which were founded/co-founded women entrepreneurs or is being led by women will be prioritized.

Themes

• Innovations that address critical health system challenges
  • Vaccine supply and delivery systems
  • Healthcare infrastructure
  • Diagnostic products and services including low cost RTPCR kits
  • Training and capacity building of health workers
  • Information, Education and Communication for behaviour change
• Innovations in Medical Devices
  • Remote health monitoring devices
  • State-of-art short stay healthcare centers
  • AI/ML-based integrated healthcare management systems
  • AI/ML-based integrated vaccine & cold storage management systems
  • Artificial Intelligence (AI) for tracing COVID-19 hotspots and precision surveillance systems
• Innovations that build health Systems Resiliency.
  • Strengthening supply chain and logistics for delivery,
  • Strengthening integrated networked care models across the public and private sector,
  • Increasing community-based case management and referrals,
  • Improving home-based care,
  • Restoring access to reliable, relevant accurate health information
• Innovations that address Co-morbidities
  • Interventions for the screening, diagnosis, management and treatment of the following non-communicable diseases with focus on increasing affordability, accessibility and effectiveness
  • Diabetes
  • Hypertension
  • Chronic Kidney Disease
  • Obesity
• Innovations in mental health space
  • Affordable and accessible interventions for promoting menta health of providers (doctors/nurses/frontline workers) and patients recovering from adverse effects of COVID pandemic (including family members) like PTSD, work life balance issues, stress, grief counselling, economic hardships etc.

Criteria

• This is an opportunity for small and growing impact-led health sector businesses in emerging markets. It serves businesses that often are too big for micro-finance, too small for private equity, too risky and lack sufficient collateral for commercial banks and lack the growth trajectory that venture capital seeks.
• Any established healthcare enterprise that has a market-ready solution to be scaled-up to solve the country’s healthcare challenges can Apply for Funding.

For more information, visit IPE Global Limited.