Innovation is the crucial driver of economic growth and development
Sustained investment in innovation is a crucial driver of economic growth and development hence its inclusion as one of 17 Global Goals that make up the 2030 Agenda for Sustainable Development. Despite significant investments in the health system, we have not recorded commensurate results in terms of outcomes.
Current health programmes are inadequate and necessitate bold innovations to raise the low level health equilibriums. Other countries have been able to leverage innovation and technology to leapfrog and achieve their health goals. In Nigeria, there is limited traction harnessing innovation and technology to improve health outcomes.
As a result the Private Sector Health Alliance of Nigeria created and institutionalized the Nigeria Health Innovation Marketplace (NHIM) as a convergence platform to spur innovation, connect actors in the innovation eco-system, provide visibility to health innovations as well as build market and technical linkages.
From amongst these, several have benefited financing from a US $1million Innovation Fund and are undergoing intensive support to ensure promising health innovations are accelerated to save lives and achieve scale.