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.
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.
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.
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.
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