Antler, a global early-stage Venture Capital firm (VC), has called on startups whose businesses are combating the Coronavirus pandemic, to apply for its $500,000 funding.
The VC firm is also offering to fund innovations that have been birthed by the struggle to curb the spread of Covid-19.
The Singaporean firm wants to invest in five teams with proposals that will aid in mitigating again the pandemic, as well as the production of medical equipment, remote health, and digital tools.
According to Antler’s Founder and Chief Executive Officer, Magnus Grimeland said the $500,000 capital infusion is the firm’s way of contributing to the fight against the Coronavirus outbreak.
Information available on the firm’s website said applications for the funding are not restricted to any country.
Instead, startups around the world can apply before the closing date which is April 15, 2020.
Selected teams will conduct a video pitch session after the screening process, while the finalists will remotely pitch their solutions to Antler’s Investment Committee.
Note the selection will be based on the relevance of each startup’s innovation towards the fight against COVID-19, as well as relevance to post-COVID-19.
Aside from the fund, Startups that are selected will be given access to Antler’s global network of entrepreneurs, investors, and industry experts. They will also benefit from coaching by Antler’s leadership.
Part of Antler’s contribution will be to ensure that the solutions are accessible to individuals in need of it.
While commenting on the funding and what prompted Antler to take action, Grimeland said:
“Great necessity inspires great innovation. As the COVID-19 pandemic continues to disrupt human life around the world, now is a time when innovators need to come together for the greater good. That’s why we believe it is our time to do our part at Antler.
“It has long been a mantra of the tech ecosystem that entrepreneurs are building the world of tomorrow. We are calling on the brightest to create solutions that help guarantee the global community can recover, and grow, following the crisis. We believe that the technologies created during this crisis will have the potential to create a fairer and better future.”