Center for Advancing Innovation
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Location |
Bethesda, MD |
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|---|---|---|
|
Build to Scale Program |
Venture Challenge |
|
|
Project Name |
Global Health Innovation Challenge |
|
|
Award Amount |
Federal Share |
Local Match |
|
$944,730 |
$1.5 million |
The Center for Advancing Innovation (CAI) is launching the Global Health Innovation Challenge (GHIC) in the Washington, D.C./Maryland /Virginia region (DMV) to source/launch more than 60 high-growth startups over three years to address global health threats using technology. Startups launched from GHIC will have minority and women founders as well as those that are underemployed. Participants will receive workforce training and valuable entrepreneurial skills. Startups will raise capital, boost commercialization, and create jobs. GHIC activities will be virtual and in person in an Opportunity Zone on the former Walter Reed Campus in Washington, D.C.
The GHIC will create 45-60 new jobs in the DMV each year for three years through the following:
- Creating Inclusive Capability: Built on CAI’s proven virtual startup accelerator training, we will:
- advance startups with innovative solutions to prevent, diagnose, treat, and control global health threats
- train under-served DMV workers in entrepreneurship, allowing them to have knowledge-based jobs.
- Galvanizing Partnerships: Leverage CAI’s strategic relationships with regional, national, and government partners to further cultivate a community fighting global health threats.