TechEmerge Health Brazil
Nov, 2017
Feb, 2018
Apr, 2018
Jun, 2018
Dec, 2018
Jul, 2021
In partnership with:
IFC launched its second TechEmerge initiative in 2018, with an open call aimed at innovators across the globe with new technologies that would address clinical and operational gaps in Brazil’s health system and improve patient outcomes.
To date, 17 pilots have been successfully completed at over 30 clinical sites, reaching more than 113,000 Brazilian patients and clinicians. The piloted technologies range from imaging solutions leveraging AI, clinical decision support tools, radionics, patient engagement apps, surgical checklists, and more.
TechEmerge innovators and Brazilian health care providers have already signed six commercial contracts worth almost $500,000, and more contracts are under negotiation. Tech companies also raised $163 million during the program, and one was acquired for $49 million. TechEmerge continues to facilitate the creation of even more sustainable partnerships that will improve health care delivery in Brazil and beyond.
Market context
$232 bn
Brazil’s health care market size by 2021, the 8th largest in the world.
$5.5 bn
Estimated medical device market size in 2020
$1.8 tn
Brazil’s estimated GDP by 2021
19+ bn
Patients impacted annually by participating providers
900+
Laboratory units
12,000+
Hospital beds
With a GDP of $1.4 trillion and a population of 212 million, Brazil is the largest health care market in Latin America, and the sector needs innovations that improve efficiency and patient outcomes. Although Brazilians are guaranteed free and universal public health coverage, private spending surpasses public spending, generating one of the largest private health system in the world.
However, the Brazilian health system faces multiple challenges, including an overstretched and underfunded public system, a shortage of beds, and an uneven distribution of resources and physicians. In addition, despite a large and growing private health insurance market, many people pay for care out of pocket.
Given these challenges, Brazilian health care providers were keen to participate in TechEmerge and pilot new solutions to improve access, affordability, and quality of care. Participating providers have over 12000 beds, and 900 laboratory units serving more than 19 million patients annually across Brazil.
TechEmerge Health Brazil was supported by a network of advisors from across the globe with decades of experience in health, technology, investment, the Brazilian market, and working with startups.
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Matthew Holt
Co-Chairman
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Jeff Trost
Venture Principal
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Thiago Julio, MD
Curator for Healthcare, Biotech and Life Sciences
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Rafael K. Barbosa
Product & Marketing Manager
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Mathilde Williams
Global Manager, Healthcare
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Kat Wendelstadt
Business Transformation Lead
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Claudio Terra
Innovation Director
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Jose Magaña Paredes, MBA, MEM
Senior Associate
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Fred Aslan, MD
Founder & Chief Executive Officer
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Luiz Noronha
Head of VC
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Augusto Scrivano Coelho
Pharmacist / Regulatory Affairs Specialist
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Assaf Barnea
CEO
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Cristiane Benvenuto Andrade
Board Member & Healthcare Advisor
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Marcelo Blois Ribeiro
HC Digital Innovation Director
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Guruprasad S.
Vice President, Healthcare (India) Director, Medical Screening & Software Solutions (Germany)
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Felipe Novaes
Managing Director Latam
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Boaz Albaranes
Venture Partner
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Vitor Asseituno
CEO
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Ruy Baumer
Director
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Veronica Allende Serra
Founding Partner
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Eran Toledo, PhD
Chief Technology Officer
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Xiaodong Jiang 蒋晓冬
Managing Partner
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Walfrido Brito Pinheiro
Chief Executive Officer
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Luisa Ribeiro
Chief Executive Officer
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Dr. Avner Amir
President
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Indu Subaiya, MD, MBA
Executive Vice President
In total, 16 leading Brazilian health organizations participated in the TechEmerge Health Brazil initiative including multi-specialty hospital networks, diagnostic lab chains, home health care companies, and more.
Competitively selected from a field of almost 300 companies worldwide, our 21 innovators piloted a wide range of cost-effective, accessible, effective health technologies and solutions.
Under the TechEmerge Health Brazil initiative, 17 pilot projects were successfully implemented at over 30 clinical sites across the country, field-testing innovations in operational efficiency, patient engagement, point-of-care diagnostics, AI/Machine learning, clinical analytics, revenue management, and more.
TechEmerge pilot projects in patient engagement, point-of-care diagnostics, AI/Machine learning, clinical analytics, and more reached over 113,000 patients across Brazil. To date, our innovators have signed six contacts worth almost $500,000 with Brazilian health care providers, and more are under negotiation.
Several innovators also went on to sign contracts with local distributors for broader deployment of their solutions across Brazil. TechEmerge continues to facilitate the creation of even more sustainable partnerships that will improve health care delivery in Brazil and beyond.
17
Successful pilots conducted by 13 innovators and 11 health care providers
$163 mn
In financing raised by innovators during the program
6
Commercial contracts worth almost $500,000 signed by innovators & Brazilian providers
$49 mn
One of our innovators was acquired during the program