Sustainable Market and Resource Access for Innovative Healthcare Delivery Blended Finance Facility Wins 2022 P3 Impact Award at Concordia Summit

The U.S. Department of State’s Office of Global Partnerships, University of Virginia Darden’s Institute for Business in Society, and Concordia announced that the SAMRIDH (Sustainable Access to Market and Resources) blended funding mechanism for Innovative Delivery of Healthcare) is the winner of the P3 Impact Award at Concordia Summit 2022. The annual P3 Impact Award honors exemplary cross-industry collaborations featuring public, private, not-for-profit or non-governmental organizations that address challenges societal. SAMRIDH Blended Finance Facility is the eighth public-private partnership (P3) to win the annual award. Each year, PPPs are celebrated for leading the way in providing innovative solutions to pressing issues in areas such as economic growth and development, sustainability and global health.

U.S. Department of State Special Representative for Global Partnerships Dorothy McAuliffe delivered remarks and announced the SAMRIDH Blended Finance Facility as the Concordia Summit 2022 Laureate during the High Level Week of the United Nations General Assembly.

SAMRIDH is a blended finance facility supported by USAID and implemented by IPE Global in partnership with various stakeholders from government, philanthropic and financial institutions, the private sector, incubators/accelerators, and academia. SAMRIDH is working to address the weak healthcare systems and persistent shortage of skilled labor and infrastructure in India, which have been exacerbated by the pandemic. SAMRIDH combines commercial capital with public and philanthropic funds to drive greater investment in market-based health solutions. The immediate objective of SAMRIDH is to fill the supply-side gaps in emergency health services and accelerate India’s response to COVID-19. In the long term, it aims to strengthen comprehensive health services to improve access to affordable, quality health care for vulnerable communities and to build resilient health systems to respond effectively to future health emergencies.

After a video presentation and an open discussion with the nominees, an independent jury made the final decision. Other 2022 award finalists recognized for partnership excellence include: Global Alliance for Trade Facilitation, Partnership for Central America, Plastics Solutions Alliance and School the World Community Schools.

To learn more about each of the finalists and the award, please visit: https://www.concordia.net/p3impactaward/.

For more information, please contact the Office of Global Partnerships at [email protected] or visit www.state.gov/s/partnerships. For media inquiries, please contact Melanie Bonner at [email protected]

Follow @GPatState, @DardenMBA@ConcordiaSummit and #P3Impact on Twitter for updates.

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