Help us secure PPEs for Ontario hospitals
Donation protected
The province of Ontario and the healthcare system has taken a devastating blow from COVID-19. Despite the curve is starting to flatten and Ontario is preparing to reopen the economy , hospitals are still being challenged to operate at acceptable safety standard due to the worldwide shortage of Personal Protection Equipment (PPE) such as face mask, gowns, gloves etc. It not only puts our frontline medical workers at greater risks, also hampers the recovery of our economy and our healthcare system.
Majority of our PPEs are manufactured overseas, and our healthcare system faces various constrains and challenges in the procurement of these PPEs. For example, one critical constrain is the 100% pre-payment term required by PPE manufacturers. Spending taxpayer money, our healthcare system cannot afford the risk in pre-paying in full, and the limitation of 25% pre-payment often means missing out on most manufacturers that would not accommodate on payment arrangements. Another challenge is the lengthy selection and approval process of qualified suppliers, translating to missed opportunities in securing timely production schedule.
There is an urgency in securing critical PPE supplies for immediate needs, and a much longer road to restoring the full capability of our healthcare system. Tradebots, Inc, based in Ontario, is currently partnering with Moneta Capital Partners Pte Ltd, Singapore, whose founder is an University of Toronto Alumni, with an extensive network in PPE suppliers for customers worldwide. Our first joint project is to support the procurement of PPEs for distribution across Ontario hospitals.
Our target is to raise $6 million to support procurement transactions of our hospital systems. Used as bridge financing, it enables our hospital to breach their maximum risk threshold and open up options in procuring from any manufacturer with 25% deposit payment terms. We have already identified quality manufacturers at the hospitals' disposal that could supply the most urgently needed items. Once we raised the required capital to bridge the 75% funding gap, we will be able to bring in the supplies to Ontario. Once this transaction is completed, this fund will be used as working capital to finance the next transaction and continue to import more PPEs to the province.
When this fund become dispensable for the PPE procurement transactions, any remaining fund will all be used for procuring PPE and donating to organizations and individuals in need.
Your support will mean a lot to us and people across Ontario as there is always a risk for a second wave of COVID-19 coming after the economy is reopened. Therefore, we have to prepare for the potential PPE shortage in Ontario hospitals. If Ontario is able to reopen the economy without issue, it'll also mean a lot for the people worldwide and we can show the world how we do it.
We are very grateful for your potential help!
Majority of our PPEs are manufactured overseas, and our healthcare system faces various constrains and challenges in the procurement of these PPEs. For example, one critical constrain is the 100% pre-payment term required by PPE manufacturers. Spending taxpayer money, our healthcare system cannot afford the risk in pre-paying in full, and the limitation of 25% pre-payment often means missing out on most manufacturers that would not accommodate on payment arrangements. Another challenge is the lengthy selection and approval process of qualified suppliers, translating to missed opportunities in securing timely production schedule.
There is an urgency in securing critical PPE supplies for immediate needs, and a much longer road to restoring the full capability of our healthcare system. Tradebots, Inc, based in Ontario, is currently partnering with Moneta Capital Partners Pte Ltd, Singapore, whose founder is an University of Toronto Alumni, with an extensive network in PPE suppliers for customers worldwide. Our first joint project is to support the procurement of PPEs for distribution across Ontario hospitals.
Our target is to raise $6 million to support procurement transactions of our hospital systems. Used as bridge financing, it enables our hospital to breach their maximum risk threshold and open up options in procuring from any manufacturer with 25% deposit payment terms. We have already identified quality manufacturers at the hospitals' disposal that could supply the most urgently needed items. Once we raised the required capital to bridge the 75% funding gap, we will be able to bring in the supplies to Ontario. Once this transaction is completed, this fund will be used as working capital to finance the next transaction and continue to import more PPEs to the province.
When this fund become dispensable for the PPE procurement transactions, any remaining fund will all be used for procuring PPE and donating to organizations and individuals in need.
Your support will mean a lot to us and people across Ontario as there is always a risk for a second wave of COVID-19 coming after the economy is reopened. Therefore, we have to prepare for the potential PPE shortage in Ontario hospitals. If Ontario is able to reopen the economy without issue, it'll also mean a lot for the people worldwide and we can show the world how we do it.
We are very grateful for your potential help!
Fundraising team: PPE Ontario (3)
Tradebots Inc
Organizer
Richmond Hill, ON
Kevin Leung
Team member
Tommy Leung
Team member