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Elmer Soriano's Fundraiser:

Visayas Health Innovation Fund

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Elmer Soriano


1. There has been a surge in Philippine incubator activities in 2012, but there remains a financing gap for early stage teams

2. ACCESS Health International is a US-registered 501c3-registered entity, allowing it to receive tax-deductible donations. www.accessh.org

3. UP Cebu INIT has a maturing incubator system and flourishing innovation community that is ready to absorb financial support http://cebuinit.org/

4. Health Market Innovations Philippines has identified replicable HSE models, but few awardees have the mandate, skills, or resources to scale up their models.

Response: Visayas Health Innovation Fund (aka Basilio Fund)

1. To accelerate health innovation to ultimately deliver high quality and low cost health services through social enterprises

2. To raise funds to support ventures at various stages of development

3. To evolve health enterprises to serve Gawad Kalinga communities as models of social innovation

1. A 20 M PhP Visayas Health Innovation Fund shall be raised through ACCESS Health as the donation platform in 2013

2. An investment committee shall be assembled which will include corporate and development experts

3. UP CebuinIT shall be the hub for incubation

4. ACCESS Health shall be the technical support partner for health-related aspects of incubation

5. An additional 2M PhP shall be raised for incubation and technical support for both ACCESS Health and UP CebuinIT

6. Health Ventures will be required to serve on a financially sustainable manner at least 100 GK Villages

7. The investments shall be liquidated in 2020 and be used to build houses in Gawad Kalinga



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