Los Angeles–(business telegram)–GMA Networks, the Philippines’ leading media network, through GMA Ventures, its wholly owned investment arm, is partnering with Wavemaker Three-Sixty Health (Wavemaker 360), a leading venture capital based in the United States Fund, focused on early-stage healthcare disruptors to advance health-technology in the region.
The partnership will spur greater innovation in the global health-tech industry by discovering the most promising healthcare entrepreneurs in the Philippines and helping them expand to the United States, as well as bring US-based early-stage healthcare companies to Southeast Asia will help to expand. GMA Ventures Inc. (GVI) is leading this important initiative, in line with its commitment to grow the Philippine economy and enhance shareholder value.
,We believe this unique partnership will create a strong path to success for healthcare technology startups in the Philippines and will essentially bridge the nearly 10,000-mile healthcare gap between the two countries,” said Jay Goss, General Partner at Wavemaker 360. Told.The health-technology industry in the Philippines is starting to flourish and there is a growing need for new ideas, innovative companies and business leaders who want to make an impact. We look forward to discovering and supporting the next wave of healthcare entrepreneurs in the Philippines, and working with GMA Ventures is an ideal starting point for us.
Wavemaker 360 has a strong portfolio of healthcare companies in the United States and a proven track record of growing companies from early-stage ideas to large-scale global businesses. The joint effort with GMA Ventures will enable Wavemaker 360 to gain more expertise and navigate the healthcare system in the Philippines and its surrounding regions, to support its global portfolio. Wavemaker 360 has already funded companies that plan to expand in Southeast Asia, and the Philippines is officially on that roadmap thanks to a GMA Ventures partnership.
,Our partnership with Wavemaker 360 will allow us to enter the highly profitable segment of healthcare,” said Atty. Felipe L. Gozon, President and CEO of GMA Networks and GMA Ventures. “The Philippines is on the upswing of healthcare innovation, and we are thrilled to have Wavemaker’s team of healthcare experts in evaluating and funding emerging startups at the intersection of healthcare and technology.
The Philippines is seeing greater integration of technology into the healthcare sector, accelerated by the effects of COVID-19. There has never been a more important time for health-tech development in the Philippines, and the market opportunity is growing in promising ways. According to recent data from Cane Research, the next few years are expected to bring significant growth to the Philippines. The country’s healthcare budget is set to grow by 12% from 2019 to 2020, bringing new opportunities for companies in e-pharmacy, online consultation, healthcare IT, appointment booking and other sectors. The online consulting market alone is experiencing 167% year-over-year growth, providing an optimistic outlook for new entrepreneurs looking to create healthcare technology filling vacancies within the industry, serving a population of over 110MM Filipinos. can create a solution.
Working on both the import and export side of heath-tech innovation, a partnership between GMA Ventures and Wavemaker 360 provides young companies in the healthcare technology space with the necessary financial access to enter this growing market and bring life-changing innovation to patients Getting help will help. Doctors, nurses and all others who come in the field of healthcare.
For more information about GMA Network and GMA Ventures, visit www.gmanetwork.com and www.gmanetwork.com/gmaventures. To learn more about WaveMaker 360, visit www.wavemaker360.com.
About Wavemaker Three-Sixty Health
Wavemaker Three-Sixty Health (Wavemaker 360) is the nation’s leading seed-stage healthcare pure-play venture fund in the US focused on early-stage healthcare disruptions in the areas of health-tech, digital health, medical devices, telehealth, . Pharma-tech, science and markets. Wavemaker 360 is one of the few venture funds in the US that discovers, investigates and invests in healthcare startups at the seed funding stage. The fund links its portfolio companies to a network of over 300 limited partners (LPs), which include healthcare entities and executives in nearly every sector of healthcare. Headquartered in Pasadena, CA, Wavemaker 360 is led by a cross-functional, bi-coastal team of eight visionary partners, with additional guidance from a distinguished council of strategic advisors. For more information, follow us on LinkedIn and visit www.wavemaker360.com.
About GMA Network
GMA Network, Inc. is the leading broadcasting company in the Philippines, producing the most innovative, most trusted and top-rating TV programming.
Also known as Kapuso Network, GMA through its wide range of TV, radio, online platforms and other media-related ventures provides better entertainment and responsible, unbiased, and comprehensive and accurate news and information to Filipinos anywhere in the world. Brings timely delivery of Program Syndication, Film Production, Music Publishing and Distribution, Set Design, Audio-Visual Production and New Media.
Based on Nielsen TV audience measurement data from January to December 2022, GMA Network’s combined net audience reach that includes GTV and its other digital channels was 96 percent or 78 million viewers in the Total Philippines. Headquartered in Quezon City, GMA operates a network of 95 TV stations and 21 radio stations across the country.
Officially listed on the Philippine Stock Exchange in 2007, GMA Networks, Inc. is considered one of the most notable organizations that promote sustainability in the country, being the first media and broadcasting company in the Philippines to sign with the United Nations (UN). Global Agreement.
For more stories about Kapuso Networks, visit www.GMANetwork.com.