From Bold Ideas to Big Impact: TTS investments are central to

Scaling Innovations
Peter A Singer
Chief Executive Officer
@PeterASinger
• Funded by Government of
Canada $235M.
• 700 innovations implemented in
70 countries
• In Canada, 230 innovations
totaling $42.3 M
• 2/3 of funds to developing world;
43% women.
• 3.7 M beneficiaries reached,
137,000 lives improved, 8,700
lives saved, 8,000 jobs
created / livelihoods improved
2
The Scaling
Ladder is
missing some
rungs!
OVERVIEW OF PROGRAM
From Bold Ideas to Big Impact: TTS investments are central
to achieving impact
4
Scaling thru public health systems.
CHX reached 1.2 M newborns in Nepal saving 7,500 lives.
Scaling thru
social
enterprise.
Lucky Iron Fish
reduces
iron deficiency in
Cambodia. To
date, 11,000 LIF
sold providing
source of iron to
~ 50,000 people
Scaling thru small
companies with
angel investors.
LGT Medical’s phone
oximeter ~ potential
to reduce by 30%
mortality from
pneumonia & preeclampsia.
Scaling thru large companies & shared value.
Odón Device potential to save 200,000 lives /
year in Africa
OVERVIEW OF PROGRAM
From Bold Ideas to Big Impact: TTS investments are central
to achieving impact
9
From Stars in Global Health to Transition to Scale
Of the 170 projects, 86 have submitted LOIs to date and 12 (7%) have
transitioned to scale to date through GCC and 16 (9%) have transitioned to
scale through other channels.
7%
9%
GCC
Other Channels
Not scaled to date
84%
10
OVERVIEW OF PROGRAM
Pipeline sources for the Transition to Scale Program
12 (43%)
Stars in Global Health
Targeted Challenges
12 (43%)
Strategic Partnerships /
Canada Direct Entry
Program
4 (14%)
Of 170 Stars in Global Health, 12 (7%) received funding through the
Transition to Scale program.
11
Health Impact
Estimated and actual health outcomes (lives saved / lives improved) and
beneficiaries with access
Social Enterprise
Funding
Cycle
Lives
saved
(E)
Lives
improved
(E)
Access
(E)
Lives
saved
(A)
Lives
improved
(A)
Access
(A)
iDE
LionsGate
MEDA
Chipcare
ZanaAfrica
International Water Management Institute
Vision Spring
Lucky Iron Fish
SOIL Haiti
Guyana Help the Kids
Weltel
Biofilcom Limited
Ifakara Health Institute
Saving Mothers
McGill University
Next Gen U
International Centre for Genetic Engineering and Biotechnology
Jana Care
Monash University
Basic Needs
Makerere
Mobile Creches
Changamka
Leg Works
World Wide Hearing
Espoir pour la Santé / Aquaculture pour la Santé
AYZH
HIVSmart
>6
>6
>6
>6
>6
>6
>6
>6
>6
>6
>6
>6
>6
>6
>6
>6
>6
<6
<6
<6
<6
<6
<6
<6
<6
<6
<6
<6
0
0
110
0
0
N/A
0
0
0
430
0
N/A
N/A
0
N/A
0
N/A
0
0
0
0
0
0
0
0
0
4,639
300
5,479
498,000
0
20,000
0
150,000
N/A
815,011
21,150
2,025
0
29,765
N/A
N/A
300
N/A
0
N/A
10,000
0
5,475
0
5,000
0
4,000
960
625
0
1,500
1,563,811
600,000
0
20,000
0
150,000
N/A
1,630,022
22,500
7,500
14,500
29,765
N/A
N/A
300
N/A
0
N/A
10,000
0
7,500
0
5,000
0
4,000
8,960
625
1,855,556
1,500
4,367,728
0
0
0
0
0
N/A
0
0
0
80
0
0
0
0
0
0
0
36,812
0
0
0
3,869
N/A
10,399
23,782
1,485
0
0
13,280
0
0
0
0
0
44,352
0
0
0
5,300
N/A
32,335
25,300
2,250
11,600
0
16,000
500
261
0
0
0
80
89,627
137,898
E = Estimates on lives saved / improved as reported by innovators;
A = Actuals reported to-date either through direct measurement or imputation. N/A = info not available.
Closed / terminated funding
Less than 6 months of funding;
and not yet reporting.
12
Ranking Investments by Entrepreneurship
and Financial Return on Investment (ROI)
Social Enterprise
Jana Care
iDE
Monash University
LionsGate
MEDA
Basic Needs
Chipcare
Makerere
Mobile Creches
ZanaAfrica
International Water Management Institute
Changamka
Leg Works
Vision Spring
World Wide Hearing
Lucky Iron Fish
Entrepreneur and Financial
Espoir pour la Santé / Aquaculture pour la Santé
ROI
SOIL Haiti
Guyana Help the Kids
#
$
AYZH
Most
14%
21%
HIVSmart
Promise
Weltel
Biofilcom Limited
Potential
70%
Ifakara
Health Institute 64%
Promise
Saving
Mothers
McGill University
Major
22%
9%
Next Gen U
Challenge
International Centre for Genetic Engineering and Biotechnology
$23,805,000
28 investments
Integrated
Innovation
Mgmt
Team
Smart
Partner
High
High
High
High
High
High
High
High
High
Med
Med
Med
High
High
High
Med
High
Med
Med
High
High
High
High
Med
High
Med
Med
Med
Med
Med
Med
Med
High
Med
Med
Med
Med
Med
Low
Med
Med
Med
Med
Med
Med
Med
Med
Med
Low
Low
Low
Low
Low
Low
Med
Med
Med
Med
Med
Med
Low
Low
Low
Med
Med
Med
Med
Med
Med
Med
Med
Med
Med
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Entrepreneur and
Financial ROI
Most promising
Most promising
Most promising
Most promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Potentially promising
Major challenges to be resolved
Major challenges to be resolved
Major challenges to be resolved
Major challenges to be resolved
Major challenges to be resolved
Major challenges to be resolved
Most promising
(most likely to scale)
Potentially
promising
(recently funded /
requires more time)
Major challenges to
resolve
(unlikely to scale)
NB: Entrepreneur and Financial ROI: Assessment based on a qualitative assessment of integrated innovation, management team and Smart Partners. This
assessment assumes that health outcomes and return on investment are otherwise equal.
13
Investee Legal Status
For profits receive over half of funding and make up one third of
transactions (36%)
Non Profit
$11,705,000
18 deals
64%
For Profit
$12,100,000
10 deals
36%
14
Funding Type
Debt,
$1,500,000
7%
Grant /
Convertible
Debt,
$2,000,000
4%
Convertible
Debt,
$2,100,000
7%
Grant / Debt,
$4,500,000
11%
Grant /
Repayable,
$2,000,000
7%
Grant,
$11,705,000
64%
15
Every Woman Every Child
Innovation Marketplace
Five years ago there was an
inadequate pipeline of early
innovations. Today, a robust
pipeline exists, but only a few
of these early innovations are
transitioning to scale.
Pipeline
A key gap is the lack of a smooth
pathway for innovations to
scale.
Purpose of the Innovation
Marketplace is to turn the
trickle of innovations
transitioning to scale into a
torrent to increase the overall
impact of innovation.
Investment
Curation
Brokering
Lessons learned
Integrated innovation – combining S&T, social, business, financial innovation needed for
sustainability and scale
VC principles – fund big pipeline of proof of concept and only most compelling transition
to scale. Proof of concept: ‘Is this a cool idea.’ Transition to scale: ‘Is this an
entrepreneur who can succeed?’
Scaling models – public and private sector must work together to achieve scale
Embrace failure – you cannot innovate w/o failure. But failures should be fast,
inexpensive and you should learn from them
Partnerships key – smart partners w resources + experience/skills needed for scaling
Focus on results – measure the results you care about (e.g. saving and improving lives)
on the beneficiaries (e.g. women & children) you care about
Potential for reverse innovation
Canada can have a significant role in global health innovation
17
18
Nothing can be accomplished without
a great team (board, partners & funders)