Yokohama, 28 August 2019 – Gavi, the Vaccine Alliance and Asia Africa Investment and Consulting (AAIC), a Japanese growth equity fund based in Singapore, have agreed to a collaboration that will help companies offering innovations to improve the delivery and availability of vaccines in developing countries. Gavi and AAIC signed the agreement at the Seventh Tokyo International Conference on African Development (TICAD), where Gavi is unveiling its 2021 to 2025 Investment Opportunity.
AAIC will provide funding of up to US$ 3 million for two years to companies that AAIC identifies through Gavi’s accelerator programme, Innovation for Uptake, Scale and Equity in Immunisation, or INFUSE. The funding from AAIC will focus on INFUSE finalists, known as Pacesetters, that are supporting early- and growth-stage health care companies operating in Africa to scale new cost-effective immunisation products and services.
“One of the objectives of INFUSE is to create an ecosystem and multi-stakeholder community that fosters and promotes innovation in immunization for accelerated vaccine delivery,” said Dr. Seth Berkley, Gavi’s CEO. “Our partnership with AAIC demonstrates INFUSE’s capacity to scout promising innovations, and it enhances private investors’ ability to make socially impactful investments. This is an opportunity to work closely with our private sector partners to write the next chapter of Gavi and to continue delivering life-saving vaccines to the world’s poorest children.”
“We are excited to initiate this partnership with Gavi through INFUSE, which selects innovators who deploy technologies that solve challenging constraints and build data systems,” said AAIC’s Director, Shigeru Handa. “AAIC focuses on providing growth capital and long-term value to boost innovators’ performance. Our partnership with Gavi is a mutually strategic fit, and it will create collective values to innovators who are strengthening sustainability and saving lives around the world.”
Launched at the 2016 World Economic Forum Annual Meeting in Davos, INFUSE identifies tried and tested innovations that have potential to improve vaccine delivery. It then introduces these technologies to countries so that they can be scaled.
Gavi will not take part in the deals, except only to refer emerging innovators to AAIC, which will become one of many other sources of venture capital or other funding opportunities. Gavi is not responsible for the outcomes of those negotiations or for the performance of any investment.
Notes to editors
About Gavi, the Vaccine Alliance
Gavi, the Vaccine Alliance is a public-private partnership that helps vaccinate half the world’s children against some of the world’s deadliest diseases. Since its inception in 2000, Gavi has helped to immunise a whole generation – over 760 million children – and prevented more than 13 million deaths, helping to halve child mortality in 73 developing countries. Gavi also plays a key role in improving global health security by supporting health systems as well as funding global stockpiles for Ebola, cholera, meningitis and yellow fever vaccines. After two decades of progress, Gavi is now focused on protecting the next generation and reaching the unvaccinated children still being left behind, employing innovative finance and the latest technology – from drones to biometrics – to save millions more lives, prevent outbreaks before they can spread and help countries on the road to self-sufficiency. Learn more at www.gavi.org and connect with us on Facebook and Twitter.
The Vaccine Alliance brings together developing country and donor governments, the World Health Organization, UNICEF, the World Bank, the vaccine industry, technical agencies, civil society, the Bill & Melinda Gates Foundation and other private sector partners. View the full list of donor governments and other leading organizations that fund Gavi’s work here.