Nigerian Healthtech startup, LifeBank has emerged as one of the winners at the 2018 MIT Solve Global Challenge held in New York City. Solve is an initiative of the Massachusetts Institute of Technology (MIT) that advances lasting solutions from tech entrepreneurs to address the world’s most pressing problems. The startup will receive up to $50,000 in equity-free funding which would be utilised to accelerate its expansion timeline.
Congratulations to Temie Giwa-Tubosun @temite , CEO of @LifeBankNigeria on winning the #MiTSolve pitch on the 'Frontlines of Health Challenges'. Learn about the smart blood system saving lives in Lagos by speeding up blood donation deliveries to hospitals https://t.co/L9Pybjkrd6 pic.twitter.com/uhrXpvof3W
— CNN Africa (@CNNAfrica) September 24, 2018
The Solve Global Challenges is targeted at finding solutions for prominent issues by supporting and funding concepts around the world. The competition is divided into four major categories -“Work of the Future”, “Teachers and Educators”, “Coastal Communities”, and “Frontlines of Health”.
We won! LifeBank is a 2018 @SolveMIT Solver Team 🎉
We can’t wait to tap into Solve’s incredible community and expand our impact 🙌🏾 pic.twitter.com/4vR0LEgTpF
— LifeBank (@LifeBankNigeria) September 23, 2018
The solutions proffered are to provide services for disease prevention, diagnosis, and treatment where alternatives either do not exist or are inaccessible due to cost, distance, or stigma.
On the @solvemit 2018 #SolveFinals stage pitching our #HealthTech solution to the Frontlines of Health Challenge 👩🏾⚕️💉
Results will be announced at today 3:45pm EST. pic.twitter.com/ND4bwsmezF
— LifeBank (@LifeBankNigeria) September 23, 2018
The category received about 265 solutions of which 8 teams were selected for the finals. This includes LifeBank and other teams: Ada4CHW (Germany), Akiba ya Roho (Kenya), E-Heza Digital Health Record (Rwanda), MediCapt (USA), Neopenda (USA), Refugee Health Workforce Answer To Global Skill Shortage (Switzerland), and Sexperto (Mexico).
“LifeBank is a 2018 MIT Solve Finalist” by @LifeBankNigeria https://t.co/QReMb0Kzbz
— Temie Giwa-Tubosun (@temite) September 23, 2018
LifeBank startup uses data, smart logistics, and a combination of low and high technology, such as AI and blockchain, to discover and deliver essential medical products to save lives in hospitals across Nigeria.
