"Together, We Inspire"

 

 

Funding Policy World Health Innovation Summit

World Health Innovation Summit (WHIS) needs funding to support activities to innovate, inspire and share knowledge. We appreciate all support and donated funds. We build partnerships with our supporters and look to support them through inspiring innovation. The WHIS accepts financial and non-monetary support with the mutual understanding that it maintains its independence to inspire people.

 

This policy seeks to clarify the WHIS position on funding received from corporate sponsors. It sets out the guidelines for accepting corporate funding and outlines what it may, or may not, expect from the WHIS in return. It does not set out to provide a definition of every possible funding opportunity or relationship, but rather to define a set of principles. This policy adheres to the sponsorship rules that are approved by the Directors/Founder. All staff, volunteers, and the Directors must adhere to this policy and perform their duties in accordance with these rules.

 

The WHIS welcomes funding from corporate sponsors on the basis of the following

• Full independence of WHIS

• Free of corporate bias

• Mutual respect

• Mutual benefit, a win, win relationship

• Accountability

• Transparency

 

We believe it is important to establish corporate partnerships and maintain relationships with our communities. We do not endorse any products or services. We encourage active partnerships that inspire people.

Our relationships with corporate sponsors are based on mutual respect. We maintain our independence.

 

Balanced approach:

We seek a balanced and diverse model of funding from corporate sponsors, public and private institutions, and the voluntary sector. In order to avoid the risks inherent to a relationship with any single corporate sponsor, or a limited number of sponsors, we seek to diversify the types and sources of funding we receive from various partners. For these reasons, whenever possible the WHIS will seek to involve more than one sponsor in its sponsorship and partnership opportunities and give priority to those that accept our values. Exclusive sponsorship will only be accepted when all potential sponsors have had the possibility to express an interest.

 

Rules and exclusions:

WHIS do not endorse medicinal products, brands, or health services and must not appear to do so nor appear to be in any way partisan at all times.

Decisions about the possibility of inclusion into or exclusion from WHIS projects and activities are formally made by our management team. Decisions will be made on what the WHIS sees as a breach of this policy and referred to the Directors/Founder for review.

 

Types of partnerships and sponsorship opportunities:

Unrestricted funding

Unrestricted funding covers direct costs such as personnel, equipment, consultants or suppliers, mission and travel expenses, as well as related indirect costs (e.g. telephone, administrative activities,etc.).It allows the WHIS and the funding organisation to develop a mutually beneficial relationship. It provides the WHIS with a dependable source of income over a number of years and enables it to develop and implement its core operations and activities. It allows the funding organisation to gain public credit for its support and to receive other benefits that are tailored to its level of commitment.

 

Partnership Giving Program (PGP)

The PGP functions as a gateway into WHIS programming. In order to participate in the funding of most of our projects and activities, partners must first become members of the PGP by contributing a limited amount of non-restricted funding. Non?PGP members are excluded from most WHIS sponsorship opportunities. PGP membership is divided into three categories (Platinum, Gold, Silver) based on financial contribution levels. In addition to receiving a distinct set of sponsorship benefits per category, PGP members are automatically given the opportunity to participate in the funding of other WHIS projects and activities, such as for example of the WHIS Round Table of partnerships (To be established). It is important to note that, where other WHIS projects also have funding categories, a company shall not be allowed to provide restricted funding at a higher category than their own PGP category. The PGP is a critical element of WHIS funding as it provides the WHIS with a limited amount of unrestricted funding with which to maintain a small but sustainable baseline of operations. This gives us a minimum level of financial security and stability.

 

Restricted Funding

Restricted funding covers a single WHIS project or activity, such as summit, workshop, or communication tool (for example – training sessions, online media marketing opportunities etc) and covers direct costs, including staff costs. Partnerships and sponsorship of WHIS projects and activities is limited to PGP members. PGP members also receive advanced copies of the annual sponsorship package and receive first right of refusal.

 

Summits, Projects and activities

The Directors on advice from the management team determine on an annual basis which activities the WHIS will make eligible for restricted sponsorship. These are outlined in the annual sponsorship package, which is prepared and distributed to potential partners and sponsors each year. The sponsorship package outlines the sponsorship opportunities, rates, and benefits to the partners (for example – recognition, partnership participation, etc) Projects and activities typically include, but are not limited to:

• Invitation to our partnership round table forum

• Summits

• Workshops

• Communication materials – posters etc

• Website

• Others

 

Charitable one off donations

The WHIS welcome one-time charitable donations from individuals and a variety of organisations and companies. While these do not raise an obligation from the WHIS to acknowledge support publicly, this information may be announced at our partnership forum as directed by the Founder or nominated Director.

 

Non-monetary contributions

The WHIS welcomes non-monetary contributions from individuals and a variety of organisations and companies. These may include, but not limited to:

• Pro bono services such as seconded staff or professional services provided without charge.

• In-kind donations such as computers etc.

• Other non-monetary contributions such as furniture, printing services, the use of meeting rooms etc.

 

Procedures

 

First contact

When approaching a corporate company, the WHIS or its representative will provide it with this policy on funding as well as its annual sponsorship package. The WHIS may request information about the organisation or company, including its principle business activities and products or services it provides. The WHIS may also conduct its own research, particularly around the company’s reputation with patient groups and regulators. Should the WHIS have any concern about a real or perceived conflict of interest, it shall notify the Directors for discussion and review.

 

Written agreements

Prior to entering a sponsorship agreement both parties must sign and exchange this policy (Space below). When financial support is accepted, the WHIS and the corporate sponsor shall also sign and exchange a contract, Memorandum of Understanding, letter of agreement, or other written agreement. Only authorised persons form the company and the WHIS (It’s Founder, Chair, or an authorised Director) may sign these written agreements.

 

Accountability

Corporate sponsors that have joined the PGP or that provided other forms of unrestricted funding may choose to receive an annual report and financial statements, once they are approved by Directors or CEO/Founder. Corporate sponsors that have restricted funding to a specific project, or activity may choose to receive a year-end summary report and financial statements. Sizeable one off donations and non-monetary contributions are presented to Directors.

 

Recognition

We are pleased to publicly acknowledge individuals, organisations and corporate partners for their financial support. Specific modes of recognition and visibility are outlined in the WHIS sponsorship package. These vary per type and level of financial support received.

Prior to agreement between WHIS and the partner shall be reached on the level of visibility, types of logos and wording used to credit a sponsor, and other types of communication. Prior agreement shall also be reached on the wording and logos that partners may use when advertising their WHIS support in their own literature or externally. These agreements shall be reflected in the signed contract, memorandum of agreement, letters of agreement, or written agreement. Public communications not captured in written agreement must be agreed by the WHIS Founder/CEO or duly authorised person and the partner or sponsor, and reflected in writing.

The WHIS shall give partnership/sponsorship recognition to a corporate sponsor and not to products or services provided by these companies. The policy of the WHIS is not to accept product advertising. When partnership or sponsorship recognition is given, the WHIS may also state that the acceptance of any sponsorship does not in any way mean the endorsement of any one company of product.

 

 

Signed by: (Insert name, title, company) Signed by: (Insert name, title, WHIS)

Dated: Dated:

World Health Innovation Summit CIC – 9613254

 

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