Sprinkles Micronutrient Innovation – New Round of Financing
Problem: The vast majority of the world’s population suffers from malnutrition that can be severe. The challenge is in figuring out how to deliver micronutrients “that is effective, available, accessible and acceptable in a number of diverse cultural and country settings as a public health strategy”.
Solution: Sprinkles Global Health Initiative
The goal is to reach 50 million children by 2011. And at $2 a packet this is cheaper than the alternatives. In October, Sprinkles was the sponsored charity at the Enterprise 2006 event where it was announced they will receive seed funding from a major venture company in Silicon Valley. Credit for this information goes to Ross Mayfield over at “Markets, Technology & Musings” As he states, “They have already proven the concept. In Mongolia after two years of the program, anemia decreased by 38%…Sprinkles have been provided in 18 countries with distributed local manufacturing through technology transfer…” Further credit goes to Woodrow’s blog for reporting the new round of financing for Sprinkles.