The focus of investors in South Africa has been on backing innovations in the field of Fintech.
Rob Heath from the investment and advisory firm HAVAIC has advised that investors should instead be turning their attention to the healthtech field.
Interest has risen greatly in the fintech sector is South Africa and this increase is justified. There has specifically been a rise in blockchain technologies along with the widespread adoption of affordable smartphones coupled with stronger encryption methods.
Investors see the promise that South African innovators are bringing to the economy and have responded to this extraordinary growth accordingly.
Heath said, “Looking at South Africa’s healthcare environment, we have world class doctors, surgeons, researchers and medical institutions, and the technologies of blockchain, encryption and widespread smartphone adoption could be utilized in the healthcare environment to the same leveraging effect as in the financial sector.”
HAVAIC has advised that investors should turn more attention to the healthtech field as it proves to be a strategic target for investment.
The company has closed on three different South African healthtech investments, itself. The company also encourages other investors to follow suit.
HAVAIC just recently hosted a seminar at the South African Healthcare event; the company discussed four major topics with the attending entrepreneurs, legal experts, investors, health sector experts, and consultants.
These four major topics, which include diagnostic support, communication, consumerization of healthcare, and the regulatory environment, are fields that need to be improved in terms of investments and disruption.