Project SummaryAddresses preventable blindness in Uttar Pradesh, India through the establishment of an affordable and high-quality eye care hospital as a social enterprise.
ProblemMillions of people are blind or visually impaired and recent projections show this rising dramatically through 2050, with 80% of blindness being quick and easy to treat. 90% of the blind live in emerging countries, and cannot access eye care because of inefficient traditional eye care models, insufficient and underutilized eye care infrastructure, high price points, and low quality care for low income populations.
SolutionAV-I will establish a secondary ophthalmic hospital as a for-profit social enterprise, replicating a proven model pioneered by Aravind Eye Care in India. The model is focused on providing a high volume of services at a low cost.
- It treats a very high volume of patients across all income groups (with a special emphasis on treating the elderly, women and children), enabling tiered prices so that it is affordable or even free to those who cannot afford service, with upper income patients paying market rates;
- It ensures low average cost as fixed assets and fixed expenses are fully utilized.
- The systems put in place to enable this results in extremely high quality - key to attract patients.
- The profit margin generated enables internal cross-subsidization and self-sufficiency.
AskWe are seeking USD3,000,000 equity Series B for Alina Vision, primarily to cover hard start-up capital expenditures:
- Building renovation, or land purchase and construction
- Medical equipment
- Systems implementation
- Year 1 operating expenses