22 July 2016

Every Woman Every Child Innovation Marketplace

Every Woman Every Child Innovation Marketplace

Challenge

Despite progress toward the Sustainable Development Goals (SDG), each year approximately 5.3 million children die before the age of five and 295,000 women die in pregnancy and childbirth. In the early years of life, 1 in 3 children fail to reach their full potential. Although there is an increasing number of innovations addressing health barriers at the early pilot stage, a bottleneck exists at  the early stages of growth when innovators seek between $250,000 and $15,000,000 in capital to further prove their innovations and/or gain traction beyond early adopters.

To tackle this bottleneck, within the Every Woman Every Child (EWEC) movement, the EWEC Innovation Marketplace was developed as an alliance of development innovation organizations including the Bill and Melinda Gates Foundation, Grand Challenges Canada, the United States Agency for International Development and the Norwegian Agency for Development Cooperation.

What is the EWEC Innovation Marketplace?

The EWEC Innovation Marketplace is an innovation support platform that manages a rolling health innovation portfolio that is selected due to their high potential to save and improve the lives of women and children in low- and middle-income countries and their likelihood to scale sustainably for long-term impact. It works closely with each portfolio organization to provide support and create opportunities for partnerships with funders, investors, multilaterals, local implementation and commercialization partners to unlock their success. 

The Process

Success to Date

The EWEC Innovation Marketplace currently supports 52 portfolio companies operating in over 29 countries.  The Innovation Marketplace’s proven approach has helped empower its portfolio to successfully raise $32 million in growth capital and grants for projects aimed at advancing their impact goals.

The Marketplace platform itself offers an exceptional leverage ratio for impact capital catalyzed by its anchor partners, recently achieving a 10x ratio of operating cost to capital catalyzed for Innovation Marketplace portfolio companies.

See below for examples of Innovation Marketplace portfolio companies:

To discuss the Innovation Marketplace, please contact the Innovation Marketplace Secretariat at innovationmarketplace@grandchallenges.ca.