Is your organization a good fit for SEAD?
SEAD is a three-year program that accelerates innovative healthcare organizations that are ready to scale. Before filling out the application, we encourage you to review the seven questions listed below and reflect how your organization would answer each one. Those who can confidently answer yes to all seven questions are encouraged to apply.
1. Are you ready to scale your existing operation and do you have a strategic plan for scaling?
SEAD is seeking entrepreneurs who have clear expansion plans and are prepared to scale. Operations prepared to scale have proven evidence of impact, have identified the necessary resources and capabilities needed to scale, and have begun to implement these resources to take the operation to broader scale.
2. Is your business model innovative?
SEAD is looking for innovative healthcare business models, services or products markedly different than current offerings in your geography. We want to know how you are substantially decreasing costs, increasing overall healthcare access or increasing healthcare quality in your region.
3. Does your organization address a pressing global health need for populations with little to no health coverage?
SEAD focuses on increasing access to healthcare services for low to middle-income populations.
4. Do you have a sustainable business model?
SEAD works with operations that are self-sustained and not primarily reliant on donor funding. Both for profits and non-profits are encouraged to apply, but non-profits should also have a significant earned income or consumer payment component to their revenue.
5. Do you regularly collect quantifiable data proving the outcome of your product/services, and are you able to share relevant pieces of data with SEAD?
SEAD supports evidence-based healthcare services or products to scale their impact. We're looking for organizations with strong quantifiable data, rather than just anecdotal stories. Entrepreneurs are asked to share performance data (e.g., financials, outputs, outcomes, total clients, internal capacity, etc.) on an annual basis.
6. Do you have 4-6 hours per month to devote to growing your business through SEAD activities?
Working with the SEAD team is a rewarding and time-intensive process. SEAD provides strategic coaching, peer learning and other opportunities to network your business with global health leaders. Your time (virtually) will be important. In addition, SEAD hosts an annual Summit which requires your participation for three days each April. The next Summit is from April 2 – April 4th 2014 in Durham, NC.
7. Do you have operations in India or East Africa?
For the 2nd cohort, SEAD prefers to cluster innovations geographically in these areas. However, a “no” answer does not mean you will not be considered.