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mHealth startup Telemed secures venture capital from The African Group
Telemed Medical Services is an Ethiopian startup responsible for the country’s popular mobile health and medical consultancy service, Hello Doctor, and has recently announced it’s raised funds from US-based VC group The Africa Group (TAG). The Ethiopian engineering consultancy that, among other things, specialises in mobile health consulting is giving up a 25% stake of Telemed and plans to further address a crucial demand for health-related service delivery.
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- Health Care, Investing
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Startup wants West Michigan devices to improve medical care in developing world
Three young entrepreneurs want to leverage the strength of West Michigan’s medical device capabilities to commercialize new products that could help improve care in the developing world.
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- Environment, Health Care
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3 Factors That Show Social Enterprise Might Start Seeing Bigger Exits
Stewart Craine, cofounder of Barefoot Power and now Village Infrastructure Angels, walks into investor presentations with a pair of well-worn, highly scuffed shoes with the soles falling off. They are his "investor shoes," illustrating the ridiculous distance he has traveled in pursuit of investment for his businesses, which work with world’s poor.
- Categories
- Impact Assessment
- Tags
- impact investing
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Leapfrog invests $29 million in IFMR Capital Finance
US-based Leapfrog Investment has bought a minority stake in financial services provider IFMR Capital Finance for $29 million (Rs 174 crore). IFMR helps microfinance firms, small businesses, affordable housing companies and commercial vehicle financiers raise money on the debt markets.
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- Uncategorized
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Vodafone to roll out M-Pesa services in Andhra Pradesh, Kerala
Vodafone India and ICICI Bank are planning to roll out mobile money transfer and payment service in Andhra Pradesh and Kerala. With this, Vodafone India will cover almost all states in India, thereby enabling people to send, deposit or receive money through mobile phones.
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- Uncategorized
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How Philanthropists And Investors Can Work Together To Create Social Change
Scaling up innovation is rarely as simple as investing in a company. The best social innovations aren’t companies – rather they are social movements, coalitions co-created by businesses, social sector organisations and governments working together. But how do you fund and scale up a movement?
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- Impact Assessment
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Nine ways to make sure you make a difference with impact investing
Impact investors want more than a financial return, they want their money to do something good in the world at the same time. This means balancing financial risks and rewards with the complex measures of social and environmental impact.
- Categories
- Impact Assessment
- Tags
- impact investing
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What Is Scale? Hint: Social Enterprises Don’t Have To Be Huge To Reach It
A couple of years ago, I was working on a strategic planning project for a start-up that got hung up on the idea of “scale.” The founders were thinking globally, but meeting locally – in a windowless conference room, with lousy coffee, a couple of laptops, and no employees. We made of lot of lists, blew through a lot of Powerpoint, did many meetings. The ideas were fantastic, the potential market of those who needed the proposed services were in the tens of millions, and the business plan was sleek. But they couldn’t start small enough to prove the model. It had to be national right away, because the idea was so strong.
- Categories
- Uncategorized
- Tags
- scale
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