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Dear Friends,
We are delighted to present to you the next edition of our newsletter. This
quarter, SAMRIDH announced important partnerships with Axis Bank and Atal
Innovation Mission (AIM) and Women Entrepreneurship Platform (WEP), NITI Aayog
to build an enabling healthcare ecosystem with better access to affordable
capital and technical assistance. We also led initiatives to acknowledge the
importance of investing in women-owned enterprises through multi-sectoral
partnerships and creating an enabling environment for women entrepreneurs.
As we continue to face the threat of emerging variants of COVID-19 and other
health crises, Team SAMRIDH remains committed to ensuring accessible and
affordable healthcare for the most vulnerable.
Wishing safety and good health for all!
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Himanshu Sikka
Project Director
SAMRIDH
Technical Support Unit at
IPE Global
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Veena Reddy
Mission Director
USAID India
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USAID’s support to SAMRIDH reflects the United States’ strong
commitment to help health enterprises access affordable capital and
scale high impact health solutions to improve services for India’s
vulnerable populations. Through SAMRIDH, USAID is identifying and
fast-tracking the deployment of solutions to some of the most
pressing healthcare challenges posed by the COVID-19 pandemic. We are
confident that SAMRIDH will not only inspire more private players as
well as traditional funding agencies to invest in efforts that bring
the possibility of both social and financial returns. In addition, a
healthier population will be better able to take advantage of
emerging economic opportunities and contribute productively to
India’s continued growth.
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Atal
Innovation Mission, NITI Aayog, and SAMRIDH have joined hands
to improve access to affordable and quality healthcare for vulnerable
populations in tier-2 and tier-3 cities, and rural and tribal regions.
Read More
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Axis
Bank announced a commitment of $150 Million to SAMRIDH
to enhance access to affordable debt financing for small and medium
enterprises to scale high impact health solutions for India’s most vulnerable.
Read More
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New
Publication
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White Paper On Blended
Finance In Healthcare
Atal Innovation Mission (AIM), NITI Aayog, and SAMRIDH Healthcare Blended Finance
Facility, as part of their collaboration, released a White Paper “Reimagining
Healthcare in India through
Blended Finance” to highlight how blended finance can serve as a powerful tool to
enable the scale-up of high impact market-ready health solutions.
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FEATURED
INVESTMENTS
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Blackfrog Technologies Pvt. Ltd.
Vaccine cold chain technology
Blackfrog has developed Emvólio, a portable medical-grade refrigerator designed to
disperse vaccines under controlled temperatures for up to 12 hours. SAMRIDH's blended
financing
mechanisms are enabling Blackfrog Technologies to scale its manufacturing capacity and
deploy Emvólio, across India.
Read
More
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Cardiac Design Labs
Telemetric patient monitoring system
Padma Vitals, developed by Cardiac Design Labs (CDL), is a medical device that allows
healthcare workers to monitor patient vitals remotely via cloud services. SAMRIDH’s
support has
enabled CDL to procure and deploy 2500 Padma Vitals devices.
Read
More
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CHD group
ICU beds expansion
CHD Group’s Mission ICU is bolstering existing ICU capacity in tier 2 and tier 3 cities
in Karnataka. SAMRIDH is enabling them to expand their reach to meet present and future
risks
and surge capacities.
Read More
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Qure.ai
Artificial intelligence-enabled solution
Qure.ai’s AI solution for chest X-rays, qXR, is aiding in early identification of
highly communicable diseases while allowing healthcare workers to prioritize treatment
and reduce transmission. SAMRIDH is enabling Qure.ai to scale qXR in 50 sites across
India.
Read More
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Stories
of change
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Woman entrepreneur repurposes tech to fight COVID-19 spread
SAMRIDH-supported Saral Designs, a Mumbai-based startup, developed a fully
automatic sanitary pad-making machine to provide high-quality affordable
menstrual hygiene products to
underprivileged women.
Read
more
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Indigenous, Innovative & Affordable — Jeevtronics' Defibrillators are
Transforming Health Systems
Jeevtronics, a Pune-based start-up, has developed a first-of-its-kind
low-maintenance, cost-effective, hand-cranked defibrillator. SAMRIDH has
enabled Jeevtronics to increase accessibility to this life-saving device
across resource-constrained hospitals in semi-urban and rural regions of
India.
Read
more
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Strengthening the Cadre of ‘Community Health Facilitators’
SAMRIDH is enabling Centre for Development Orientation and Training (CDOT) to
train and deploy 450 Community Health Facilitators (CHFs) in Bihar and
Jharkhand to spread awareness on health insurance, improve health-seeking
behaviour, and educate community members on COVID-19 treatment and mitigation
measures.
Read
more
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Meet Our Investee Partners
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Karma Healthcare: Impact Story
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IN THE
Spotlight
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Atal Innovation Mission (AIM), NITI Aayog & SAMRIDH Partnership Announcement
8th February | New Delhi (Livestreamed on YouTube)
The virtual session marked the partnership between Atal Innovation Mission (AIM) and
SAMRIDH and brought together sector experts to discuss the role of blended finance in
solving India’s
pressing health system challenges. At the session, AIM and SAMRIDH also jointly
announced a call for proposals for healthcare enterprises.
Read
More
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Rising Need for Gender Lens Investing to Solve India’s Complex Healthcare Challenges
8th March | Virtual
At a virtual session on International Women’s Day, USAID announced a dedicated $5
million, from its current support to SAMRIDH, to prioritize women-led businesses in
healthcare. Through
this event, SAMRIDH also brought together a diverse panel to discuss the rising need
for gender lens investing to solve India’s complex healthcare challenges.
Read
More
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8th NATHEALTH Annual Summit 2022
28th and 29th March | New Delhi
The event brought together stakeholders from the healthcare industry and the government
to discuss, deliberate, and lay the roadmap for stronger, resilient health systems in
India. SAMRIDH
team members participated in a range of sessions including panel discussions on
innovative financing, asset-light delivery models, CSR funding for healthcare, and
unique networking
opportunities such as the business pavilion.
Read
More
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Recommended
Reads
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“Wipro GE Healthcare Training Program for COVID-19 Preparedness” |
Report
Read More
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Mobilizing Financing for Inclusive Development |
Report
Read More
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Mukti Pay-For-Performance Program: Eliminating Tuberculosis in India with improved
nutritional care and support | |
Success Story
Read More
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The Sustainable Access to Market and Resources for Innovative Delivery of Healthcare
(SAMRIDH), is an initiative under USAID/ India and IPE Global’s Flagship project
Partnerships for Affordable Healthcare Access and Longevity (PAHAL) to catalyze
innovative financing mechanisms to improve healthcare services for India’s most
vulnerable populations.
To learn more, visit www.samridhhealth.org
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Disclaimer: This newsletter is made possible by the generous
support of the American People through the United States Agency for International Development
(USAID) under the terms of Cooperative Agreement No.AID-386-A-15-00014. The contents are the
sole responsibility of IPE Global Limited and do not necessarily reflect the views of USAID or
the United States Government.
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