Fuel Africa 2022: Healthcare Innovation Programme Launched by Firms

Nigerian indigenous oil exploration and production company, Famfa Oil Limited, has partnered with Futurize to co-fund the launch of its first annual Fuel Africa Innovation Programme, organised in partnership with AstraZeneca and Microsoft.

Famfa Oil and Futurize launch a healthcare innovation programme

The programme, also co-funded by Bristol Myers Squibb, brought together hundreds of students and recent alumni from 12 universities across seven countries in sub-Saharan Africa for an entrepreneurship bootcamp and innovation competition.

During the innovation competition, participants formed multi-disciplinary teams, received industry insights, mentorship and hands-on training through workshops to generate solutions for early-stage business ventures.

At the end, the teams pitched their ideas to a panel of judges and were awarded pre-seed investment through cash prizes and opportunities to advance their careers.

Futurize CEO, Rhea Singhla during the programme says digital training is crucial to sustainable development, boosting entrepreneurship and job creation.

“By bridging the gap between education and the current labor markets, entrepreneurship programmes like Fuel Africa can unlock the tremendous talent universities hold,” she says.

She added that, Participants had opportunities to network and create a collaborative ecosystem that could drive innovation to grow Africa’s economy.

According to Rotimi Alakija, Director at Famfa Oil Limited, explained that Fuel Africa 2022 has bought together the brightest minds across universities in sub-Saharan Africa to address some of the continent’s most pressing challenges in healthcare with impactful solutions while leveraging the power of cross-collaboration and technology.

Adding that, the only way one can move forward is through innovation, and this can only be done by investing in fresh solutions to solve current problems.

This year’s two topic areas focused on creating solutions that will enable access to healthcare as well as the management and early detection of non-communicable diseases.

The mission was to equip young entrepreneurs with the resources to build high-potential venture ideas and to contribute to sustainable development globally.

In her role as the Enablement Lead of Microsoft Africa Transformation Office , Yacine Barro Bourgault, disclosed that Microsoft, through the Africa Transformation Office, was committed to supporting educational transformation across Africa with access to learning tools, resources and technology.