Context
Atal Innovation Mission (AIM), NITI Aayog, and the U.S. Agency for International Development (USAID) announced a new partnership under the Sustainable Access to Markets and Resources for Innovative Delivery of Healthcare (SAMRIDH) initiative.
About the Partnership
Background
- In 2020, USAID, IPE Global, and stakeholders from the Indian government, academia, and the private sector developed the innovative SAMRIDH blended finance facility to combine public and philanthropic funds with commercial capital to create and rapidly scale market-based health solutions.
Current perspective
- This new partnership announced will enhance SAMRIDH’s efforts to reach vulnerable populations, leveraging AIM’s expertise in innovation and entrepreneurship.
- AIM and SAMRIDH will leverage philanthropic capital, and public sector resources to offset barriers for commercial investments in small and medium health enterprises to invest in and scale healthcare solutions.
- Focus area: The collaboration will focus on innovations across the healthcare landscape with the common goal
- to mount an effective response to the ongoing third wave of COVID-19
- to build health system preparedness for future infectious disease outbreaks and health emergencies
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Atal Innovation Mission (AIM)
- Atal Innovation Mission (AIM), NITI Aayog is Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship in the country.
- Ministry/Department: NITI Aayog
- Setup in: 2016
U.S. Agency for International Development (USAID)
- USAID is the world's premier international development agency and a catalytic actor driving development results.
- Headquarters: Washington, D.C., United States
- Founder: John F. Kennedy
- Founded on: 3 November 1961
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