About Initiative
The MOMs Initiative was launched in June 2019 by the Overseas Private Investment Corporation (OPIC) now the U.S. International Development Finance Corporation - Merck for Mothers (Mercks global initiative to address preventable maternal mortality), Credit Suisse, and USAID to stimulate, advance, and scale innovations that contribute to a healthy pregnancy and safe childbirth -- laying the foundation for life-long good health for women, children, and communities.
In many countries with poor health indicators, small and medium-sized enterprises (SMEs) and entrepreneurs are an untapped resource for innovation that can accelerate gains in health using financially sustainable business models.
The Initiative intends to support local enterprises that are primed to have an even greater impact on maternal health outcomes because of their successful track record in the following areas which directly and indirectly contribute to maternal health: health infrastructure, health service delivery, training for health providers, digital solutions for more efficient and effective care, financial inclusion, sustainable energy, and supply chain strengthening.
CALL FOR ACTION:
The MOMs Initiative is seeking brief pitches from businesses and entrepreneurs well-equipped to improve maternal health in sub-Saharan Africa and South Asia in a financially sustainable way. Applicants will need to showcase an established revenue-generating business model, along with a minimum of USD $1M of annual revenue and/or assets to be considered for Initiative funding. Funding, if approved, may take the form of a blend of grant and debt capital, and/or the provision of technical assistance on a cost-sharing basis.
The Initiative will accept submissions until March 31, 2020. For more information please visit: https://www.merckformothers.com/pitch/eoi2.pdf
Time line
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