Tapping New Sources to Raise Funds on Healthcare Research

Thursday, September 3, 2015

Low- and middle-income countries (LMICs) have been left out on technology investments in healthcare research due to the huge financial needs and difficulties in sourcing them. 

But new investment avenues are being opened to LMICs with the arrival ofnew concepts on how to source money for healthcare research to make healthcare more accessible, which were presented at the Global Forum on Research and Innovation for Health held in Manila (24-27 August). 

“Whoever, wherever you are, you need healthcare. Healthcare is a basic human right,” said Maoi Arroyo, founder of the Philippine biotech group Hybridigm Consulting, during a session on increasing public expenditure on health research and innovation in emerging economies. 

The main obstacle to LMICs investing in healthcare is that the national government itself has to shell out the money, which is coupled with the high risk associated with healthcare innovations, products and processes, noted Arroyo. 

 

Source: Science and Development Network (link opens in a new window)

Categories
Education, Health Care
Tags
global health, government, health care, healthcare technology, research