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Non-Profit Foundation
grandchallenges.ca

Investments

12

Portfolio Exits

2

Partners & Customers

2

About Grand Challenges Canada

Grand Challenges Canada is dedicated to supporting Bold Ideas with Big Impact in global health. It is funded by the Government of Canada; it funds innovators in low- and middle-income countries and Canada. The bold ideas supported integrate science/technology, social and business innovation. Grand Challenges Canada focuses on bringing successful innovation to scale, catalyzing sustainability and impact.

Headquarters Location

101 College Street Suite 406

Toronto, Ontario, M5g 1L7,

Canada

416-673-6568

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Latest Grand Challenges Canada News

Systems Change for Youth Mental Health, a new initiative from Grand Challenges Canada in Discussion with India’s Policymakers Forum for Mental Health: 2022

Oct 26, 2022

Text Size: A+ Brussels [Belgium]/New Delhi [India], October 26 (ANI/BusinessWire India): The Policymaker’s Forum for Mental Health, India spearheaded a panel discussion at the Grand Challenges Annual Meeting on October 25, 2022, in Brussels, to discuss the challenges around mental health, especially impacting the most vulnerable in India. The discussion was organised in collaboration with Grand Challenges Canada and ETI Services to support the launch of a new and innovative mental initiative focused on young people. India has witnessed a surge in youth suicides during the last two years during the COVID-19 pandemic. The increasing pressures on mental health are debilitating and require a multidisciplinary, multistakeholder approach to propel attention towards a more holistic model of care and support. For addressing this, policymakers, experts and people with lived experiences have come together to identify the gaps in mental healthcare in India and how the present structures can be modified to address the same. Dr Dalbir Singh, Founder and President, Policymaker’s Forum for Mental Health chaired the panel focused on the urgent need and awareness around for mental health interventions in India, and the critical role policymakers are well positioned to play- to ensure impact. “A brighter world in future promises better strategies for stress management and peer support, which are accessible and affordable for the youth in the country. To imagine such a world, the parliamentarians and policymakers need to come together with diverse experts in the field and form a consensus on strategies that meet the local needs, while effectively guaranteeing legal sanctions,” he added. Bhubaneshwar Kalita, MP and member, Policymaker’s Forum for Mental Health, in his address spoke about the burden of mental health issues falling inordinately on women and young girls. He explained, “There are major crises in accessibility, for the female populations, that plague all processes of healthcare (in general)–from diagnosis to treatment. This is exacerbated by the information asymmetry that affects women much more as they still struggle to get educated, and claim their space in the most crucial aspects of public service delivery. If the existing institutions are strengthened and envelop mental health services into their ambit, we can imagine a structural change looking into the future.” Vincent Pala, also an MP and member, Policymaker’s Forum for Mental Health, focused his responses on suicide among the youth in India. He started by highlighting why there is a need to rethink policy around mental health, and how “family issues” and “illness”, and not unemployment or bankruptcy, form the major reasons for suicide in the population between the age group of 18-30 years. He also took the point of familial spaces not necessarily being safe, as has been imagined for years, by bringing to everyone’s knowledge that housewives tallied more than half of all female victims of suicide, and linked it to the increased cases of reported violence against women at home during COVID-19. Describing how suicides are culturally perceived in India, Pala had an interesting take, “The stigma associated with suicide is linguistically governed by the popular media and this more often than not leads to underreporting.” Dr Rajdeep Roy, MP and member, Policymaker’s Forum for Mental Health as well as the Member of the Standing Committee or Health and Family Welfare, gave the context of the Mental Healthcare Act, which came in effect in 2017, by suggesting that this was a watershed moment in the history of mental health services in India, as the nature of this act is very progressive by “Initiating the establishment of a central and state authority, and by decriminalising suicide and prohibiting electroconvulsive therapy- the elements of confidentiality, quality healthcare, and rehabilitation enable the act to become a precedent for other nations,” he added. Dr Shirshendu Mukherjee, Mission Director, BIRAC, India, stated how “India’s biotechnology industry’s role during COVID-19 has been praised by the nation . It makes one look at the necessity for the physical distress caused in crisis to be averted in order to keep the mental health of the populations in check. What it disables are risk factors that lead to anxiety and depression among individuals in the long run, and BIRAC looks forward to partnerships to make a difference and enhance innovations around mental health in India.” Arjun Kapoor, Programme Manager & Research Fellow at Indian Law Society, emphasized the triadic relationship between legal rights, mental health services, and management on the ground. He talked about some of the important programs and partnerships that the Centre for Mental Health Law and Policy is undertaking in India to ensure the accessibility of mental health services at the grassroots level and also work on suicide prevention. He stated that “While some progress in terms of both policy and implementation has been made in recent years, there is still a lot of ground to cover in terms of how mental health interventions are imagined and supplied from the top. The stakeholders on the field, including both NGOs and the general public/beneficiaries, need to be included in the ambit of care whenever planning (for both policy and implementation) is done, to ensure that they devise solutions for themselves; in the universalization of policies at the central offices, voices from the margins are often ruled out.” Dr Sukriti Chauhan, CEO of ETI Services, spoke about her experience of working on mental health, particularly with adolescents. She started with how there are more complex, convoluted mental health illnesses than the generic populations know about, and they are also largely age-sensitive, even within the group of adolescents (10-19-year-olds). Given that, while the usual measures of promotion, prevention, and early detection can help in mitigating the “imminent pandemic of mental health issues, it is also essential to have (constant) dialogue between multiple stakeholders to talk about mental health. This will involve the help of medical practitioners, public officials, civil society organizations, pressure groups, media agencies, schools, parents, and even the adolescents themselves.” The session was concluded by remarks from Dr. Dalbir Singh, President, Policymaker’s Forum for Mental Health. This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content. Subscribe to our channels on YouTube & Telegram Support Our Journalism India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that. Sustaining this needs support from wonderful readers like you. Whether you live in India or overseas, you can take a paid subscription by clicking here .

Grand Challenges Canada Investments

12 Investments

Grand Challenges Canada has made 12 investments. Their latest investment was in Atomo Diagnostics as part of their Series B on June 6, 2017.

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Grand Challenges Canada Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/18/2017

Series B

Atomo Diagnostics

$1.08M

No

1

2/7/2017

Loan - II

Atomo Diagnostics

$1M

Yes

1

7/25/2016

Grant

Wema & Queen's

$0.38M

Yes

1

7/25/2016

Grant

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$99M

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10

7/25/2016

Grant

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$99M

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10

Date

6/18/2017

2/7/2017

7/25/2016

7/25/2016

7/25/2016

Round

Series B

Loan - II

Grant

Grant

Grant

Company

Atomo Diagnostics

Atomo Diagnostics

Wema & Queen's

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Amount

$1.08M

$1M

$0.38M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

Grand Challenges Canada Portfolio Exits

2 Portfolio Exits

Grand Challenges Canada has 2 portfolio exits. Their latest portfolio exit was Atomo Diagnostics on April 16, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/16/2020

IPO

$99M

Public

1

3/27/2019

Acquired

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$99M

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10

Date

4/16/2020

3/27/2019

Exit

IPO

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

Public

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Sources

1

10

Grand Challenges Canada Partners & Customers

2 Partners and customers

Grand Challenges Canada has 2 strategic partners and customers. Grand Challenges Canada recently partnered with TNH Health on April 4, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

4/27/2020

Partner

Brazil

1

9/25/2014

Partner

Australia

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10

Date

4/27/2020

9/25/2014

Type

Partner

Partner

Business Partner

Country

Brazil

Australia

News Snippet

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Sources

1

10

Grand Challenges Canada Team

1 Team Member

Grand Challenges Canada has 1 team member, including current Chief Executive Officer, Peter Singer.

Name

Work History

Title

Status

Peter Singer

Chief Executive Officer

Current

Name

Peter Singer

Work History

Title

Chief Executive Officer

Status

Current

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