We aim to expand access to affordable, appropriate and sustainable medical technologies that address unmet health needs in the world’s most resource constrained populations – starting first with India and Sub-Saharan Africa.
For the billions of people who live in poverty, in those parts of the world that are most resource constrained, infectious and non-communicable diseases, and a whole host of other medical complications, are a constant threat. Women and children are among the hardest hit. Too many die too soon or get sick, because they either are unable to afford the right medical care or because the right medical technologies have not been adapted to suit their settings.
Low cost medical technologies, adapted to the needs of low resource settings, could prevent millions of deaths, especially those among mothers and children, and slow the growing scourge of non-communicable diseases, such as cancer, diabetes, and heart disease.
While many innovative ideas have been developed to address these problems, the innovations are not reaching the populations that need them the most, because of pathway knowledge, funding, and numerous other business challenges.
By bringing together leadership, knowledge and funding, we seek to nurture innovations and get them to the world’s most economically challenged populations.
Medical technology veterans and global health leaders want to contribute not just by donating or investing, but also by providing mentorship and leading the way to real solutions.
The world already possesses knowledge to increase access to life-saving and life-enhancing medical technologies for our most resource constrained settings:
A hybrid model of funding that combines a charity with an impact fund limited partnership could foster market discipline and help advance the most promising, viable, and self-sustaining innovations.
“Our thesis is that by taking a sector-focused approach that brings together leadership, knowledge and funding, and leverages collaborations across sectors and disciplines, we may be able to help accelerate medical innovations that could benefit our most vulnerable citizens of the world, where the burden of preventable deaths is most concentrated.”
LEARN MORE ABOUT THE UNIQUE MODEL
We have structured TEAMFund to overcome the funding and knowledge gaps that are primary bottlenecks to our mission of bringing medical innovations to the world’s most resource constrained settings to create impact and access.
With TEAMFund, medical technology veterans and global health thought leaders can be part of a solution — a solution that harnesses a TEAM of innovators, cross-sectoral experts, facilitators, advocates, implementers, multilateral organizations, relevant governments, and the most important stakeholders of all: the populations who most urgently need these medical innovations, and their healthcare workers.
Chairman/CEO of C.R. Bard; Co-Founder/Co-Chairman of TEAMFund
Co-Founder/Co-Chairman of TEAMFund
Managing Partner, TEAMFund LP
Executive Director (U.S.), Stanford-India Biodesign
Founding Partner, Lion’s Head Global Partners
Founder and CEO, Just Actions
Former President, COO, CFO, Director, Digene Corporation (now Qiagen N.V.)
Chief of Innovation, UNICEF
Vice Dean and Chief Medical Officer, NYU College of Global Public Health
Senior Advisor of TeamFund
WHO: The Power and Potential of Medical Devices
In a 2016 address titled, “The Future of Aid for Health”, Larry Summers argued that there should be a “substantial reallocation” of foreign health aid towards global public goods, such as developing medicines and vaccines for diseases of poverty; managing cross-border externalities (e.g. pandemics, antimicrobial resistance); and fostering global health leadership and stewardship, including improving priority setting processes.READ MORE
EmpowerRT, a North Carolina based social enterprise startup, whose mission is to empower low-resourced cancer clinics in developing countries with standard of care radiation therapy, announced that it has received the 2018 Global Health Innovator Award presented at this year’s The MedTech Conference powered by AdvaMed in Philadelphia, PA.READ MORE
SEATTLE, WA – Shift Labs, Inc., a Seattle-based company building simple medical devices to reduce global healthcare gaps, announced that it has received the 2017 Global Health Innovator Award presented at this year’s The MedTech Conference powered by AdvaMed in San Jose, CA.READ MORE
“The grand challenges of global health cannot be solved by any one sector working alone. Development assistance for health is about $36B per year while private sector capital flows are much larger. Imagine a world where public and private sectors work together in financing, delivery and innovation to create a world that is healthy for all including the most vulnerable. Imagine a world where innovation helps to accelerate attainment of sustainable development goals. Moving towards such a world will require leadership from committed individuals. This is why I am such a fan of TEAMFund.”
CEO, Grand Challenges Canada
Support our work to develop low-cost medical technologies for the world’s neediest populations. You can choose to make a charitable donation or, subject to certain requirements, to contribute to our impact fund.
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