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Single Digits: The Business Case for WHAM with Carolee Lee, Founder & CEO of WHAM
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In this episode of Innovate & Elevate, Sharon Kedar is joined by Carolee Lee, Founder and CEO of Women’s Health Access Matters (WHAM). Carolee shares her journey from fashion entrepreneur to women's health trailblazer, highlighting how her experience building a global jewelry brand led her to recognize the critical need for change in women's health funding and research.
The conversation delves into the reality of the current state of women's health research and investment. Less than 1% of global research funding is allocated to studying women's health and only 2% of venture capital goes to female-founded startups, with an even smaller percentage dedicated to women's health companies. However, organizations like WHAM are making strides in changing that reality.
Carolee outlines WHAM's groundbreaking initiative, "3Not30," which aims to accelerate change in women's health research and investment within three years. The Initiative is the first of a series of activities WHAM is spearheading in recognition of the 30th Anniversary of the National Institutes of Health (NIH) Revitalization Act of 1993, a law which established guidelines that women and minorities should be included in all clinical trials and research which are funded by the NIH. The goals of the program include doubling research funding for women's health, increasing venture capital investment in women-founded companies from 2% to 4%, and improving diversity in clinical trials.
This conversation underscores that women's health is everyone's health. By raising awareness about these disparities, WHAM is driving collaborative efforts across sectors to create meaningful change. Carolee’s parting message is powerful: while individual efforts are crucial, it's the collective power of everyone working together that will ultimately create substantial change in women's health research and investment.
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This podcast is produced by The Wave Podcasting
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