Healthtech Startup, TrepLabs Wins $25,000 Prize Money at HBLabs Maiden Edition

TrepLabs, a Nigerian healthtech startup providing low-cost hardware solutions to health problems in Africa has won N10 million ($25,000) at the maiden edition of HBLabs.

Founded in 2018 by Taofeek Olalekan and Alayande Abdulwaheed, the startup was established to provide and build low cost hardware solutions to health problems in Africa. It was one of incubated businesses at the Heritage Bank Lab/Business accelerator.

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

Starting in March 2019, 7 tech start-ups were incubated by HBLabs, undergoing training and mentoring from business leaders and founders within the tech ecosystem. The 12 weeks of incubation culminated in a pitch event where the startups pitched their solutions to a select group of panelists, mentors and fund providers. Healthtech startup, Treplabs emerged winner ahead of the other 6 startups, with its IoT solution – REALDRIP.

Our first runner up Team Ladipo Market also presented an articulate pitch. Their innovative solution will help more people to buy and source for spare parts at affordable prices without going through any stress.

Well done Team Ladipo Market 👏👏#HeritageBank #HBLab #MyHeritage pic.twitter.com/iBEeTmtpz4

— Heritage Bank (@heritagebankplc) May 27, 2019

Other startups in the HBLabs include – Simbibot, an AI-powered assistant; BBOX, an SME focused Fintech; Agritech startup IDEN2FIVE; Technology powered wedding planner, Wedding Paddy; Fashion platform, Fashion Map; and auto spare parts e-commerce website, LadipoMarket.com.ng (1st runner-up)

A low-cost infusion monitor device for simpler and safer blood transfusion and drip treatment, the REALDRIP device helps monitor drip fluid transmission during patients care. The device prevents backflow of blood during drip treatment by continuously monitoring the flow rate, volume of fluid or medication administered and automation of the drip treatment process. All these are done without the complexity of expensive infusion pumps.

Recognizing the power issue bedeviling the country, REALDRIP is made to be battery-operated with an IV flow monitor and alarm, making it easier for healthcare workers to deliver medications or fluids precisely and efficiently. The device also provides status updates to healthcase workers via SMS and a Mobile App.

Treplabs Team is excited to announce Realdrip(IoT device) for early adopter clinics in Nigeria. A/B testing in progress.@Iam_habiz @NGRPresident @hardwarelagos @ProfOsinbajo @BillGates @MSFTResearch @MicrosoftIoT @WHO @ThromboAdviser @ThrombosisCan @MSFTImagine @TechCabal pic.twitter.com/FjzOY17ySW

— Taofeek Olalekan (@harphies) January 9, 2019

Recently, the startup was also a winner at the third Cisco Global Problem Solver Challenge, getting a $10,000 prize after being selected as the third-runners up for its REALDRIP solution. The startup was also one of the pitch contestants at this year’s Africa Fintech Foundry’s Disrupt Conference.