Yale University teams up with CoWrks Foundry to fund startup initiative

In an endeavour to address growing health and social disparities in India and around the globe, Yale University has partnered with CoWrks Foundry

The University has decided to fund startups, encouraging them to come up with innovative solutions which will in turn benefit people at large.

The startups will be funded under Sustainable Health Initiative, a six-month, interdisciplinary accelerator programme. The initiative will be facilitated through the Yale Institute for Global Health for young and early-stage startups.

Up to 10 startups will be chosen per year, over a five-year period.

Each startup will receive $ 70,000 in seed funding, mentorship from the faculty and alumni at Yale, as well as benefits from a network of Indian industry experts.

In addition, the programme includes structured sessions to help startups evolve a sustainable and scalable business model, refine their go-to market strategy and build a global network. Startups applying to the programme will be evaluated on whether their solution is robust, affordable and addresses pressing healthcare challenges in India and other growing economies.

“As the first signature programme of the Yale Institute for Global Health, we are very excited to launch new and cost-effective solutions that will have a significant impact on the health of communities in India, the US and around the world,” Sten Vermund, Dean, Yale School of Public Health, said.

“SHI will be a unique opportunity to nurture fresh ideas and provide real support to innovative approaches and business opportunities that will address our most pressing health challenges,” Vermund added.

Bangalore-based CoWrks Foundry is a business accelerator for early stage businesses in the fields of urban technology, enterprise technology and social enterprise.

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