Trep Labs, a healthtech startup focused on developing technology to address health-related problems, has emerged winner of the first edition of the Heritage Bank Accelerator Program.
The startup was received N10,000,000 for its RealDrip Solution which is a monitoring device that helps monitor drip fluid transmission during patients care. This Made in Nigeria device also provides status updates to caregivers (Nurses & Doctors) via SMS and a Mobile App.
It was indeed a surreal moment when Team RealDrip emerged as the winning team at the Grand Finale of HB-Lab.
The 12-week journey ended with a $25,000 investment into their startup which is positioned to disrupt healthcare delivery in Nigeria. #HeritageBank #HBLab #MyHeritage pic.twitter.com/vuDiGYoMWr
— Heritage Bank (@heritagebankplc) May 27, 2019
Trep Labs which was founded in 2018 by Taofeek Olalekan and Alayande Abdulwaheed; pitched its innovative solution alongside Team Ladipo Market, Team Wedding Paddy, Team Simbibot, Team Fashion Map, Team Iden2five and Team Bbox.
12 weeks, 10 teams of tech entrepreneurs, one winning team! ✨ We’ve had the best time mentoring the #tech entrepreneurs on the HB-Lab Accelerator Programme.
As we prepare for the Grand Finale on Sunday, here’s a throwback to the early days of the programme.#HeritageBank #HBLab pic.twitter.com/d3SFnq7goY
— Heritage Bank (@heritagebankplc) May 24, 2019
The accelerator program started on March 11 with participating startups taken through series of training. They also had the opportunity to interact with business leaders and founders within in the tech ecosystem who shared the experiences and evolutions of their respective businesses with the aim to inspire and impart business knowledge in the young minds looking to start out their own tech-enabled businesses.
Congratulations to the 2nd runnerup – the 'Ladipo Market' team who won the sum of Five million Naira (5,000,000) from Heritage Bank.#HeritageBank #MyHeritage #HBLab pic.twitter.com/bYKauVL3Hn
— Heritage Bank (@heritagebankplc) May 26, 2019
Team Ladipo Market was named 1st runners up taking home N5,000,000. Interestingly, the other contestants won’t go home empty as they will receive (plus the winners Trep Labs & Team Ladipo) $10,000 each from fintech startup, Flutterwave to help grow their innovation.
FlutterWave is giving each of the contestants $10,000 dollars to help grow their innovation.#HeritageBank #MyHeritage #HBLab
— Heritage Bank (@heritagebankplc) May 26, 2019
These are really good times for Trep Labs. It was also recently named among the winners at the Cisco Global Problem Solver Challenge receiving $10,000.
