Antler, a Singapore headquartered early-stage venture capital (VC) company is inviting startups tackling the Covid-19 outbreak to apply for funding.
Antler, which has an African office in Nairobi, plans to invest in up to five teams and deploy up to $500 000 in all five.
Antler said in a statement last week that it is inviting startups to propose solutions in four areas, namely:
- Mitigation (masks, contact tracing, surveillance, data infrastructure),
- Medical Equipment (test kits, protective devices, ventilators)
- Remote Health (telehealth, remote patient monitoring, symptom checkers)
- Digital Tools (remote work, smart delivery, e-learning).
The purpose, of the funding and support, it said, is to contribute towards the path to recovery from the crisis.
After a screening process, selected teams will be invited to a video pitch session. Following that, the finalists will pitch to Antler’s Investment Committee (IC) remotely.
The investment criteria will take into account the relevance towards mitigating Covid-19, as well as how the startup works in a post-Covid-19 era.
Companies receiving the investment will receive access to Antler’s global network of entrepreneurs, investors and industry experts, as well as coaching by Antler’s leadership.
“Great necessity inspires great innovation. As the Covid-19 pandemic continues to disrupt human life around the world, now is a time when innovators need to come together for the greater good. That’s why we believe it is our time to do our part at Antler,” says Magnus Grimeland, founder and CEO of Antler.
“It has long been a mantra of the tech ecosystem that entrepreneurs are building the world of tomorrow. We are calling on the brightest to create solutions that help guarantee the global community can recover, and grow, following the crisis. We believe that the technologies created during this crisis will have the potential to create a fairer and better future,” added Magnus Grimeland.
Applications close on April 15, 2020, and click here for more details.
