Lorem ipsum proin gravida nibh vel velit auctor aliquetenean idelit sollicitudin, lorem quis bibendum auci elit consequat ipsutis sem.
1-677-124-44227

info@yourbusiness.com

184 Main Collins Street | West victoria 8007

Follow us On Instagram

Lorem ipsum proin gravida nibh vel velit auctor alique tenean sollicitudin, lorem quis.
Top

Blog

Healthcare Startup Emergency Response Africa Secures $25,000 From The Bulb Africa

The Bulb Africa, an Enov8 Solution’s tech hub has awarded $25,000 in investment funding to Emergency Response Africa through its #ALLoverCOVID19 initiative.

Through the initiative, The Bulb organized discussions on health safety, the role of technology and projections into possible economic and business implications of the Covid-19 pandemic. The company also provided food items to hundreds of people around its Jibowu community as part of being socially responsible.

The Bulb took it a step further by calling for tech startups solving problems in healthcare to pitch for up to $25,000 in investment to help scale up their business. In a statement by the Programme Manager, Mo Durosinmi-Etti, the company is out to accelerate a startup with a viable healthcare solution.

Read Next Article: African Development Bank Group approves $10 million equity in Razorite Healthcare Fund for Africa

From dozens of entries received to pitch at the #ALLoverCOVID19 Healthcare accelerator, only 5 businesses made it to the finale and presented to a team of carefully selected judges.

The panel of judges included Tosin Osunkoya – Head of Investment, Commercio Partners and Founder, The Bulb Africa, Ife Durosinmin-Etti – Investor and Founder, AGS Tribe, Ife Oyedele – Entrepreneur and Co-founder, KOBO360 and Damilola Oladosu, Ph. D – Manager, Disruption and Innovation Practices, PwC Nigeria.

Read Next Article: Villgro Kenya awards $150k to 12 startups fighting COVID-19 in Africa

After careful reviews of the 5 startup finalists with keen attention to their presentation, solution viability, team composition and market research among other things, the judges unanimously voted Emergency Response Africa as the winner.

While unveiling of the winner on May 1, Mo expressed that the finalists’ presented businesses are viable and deserving of support. However, only one company will take on the investment.

Other Related Article: Novastar Ventures fund closes at $108m for investments in East, West African startups

Emergency Response Africa (ERA), a healthcare technology company that provides medical care to victims at the scene of the emergency and facilitates access to advanced hospital care emerged as the unanimous winner of the #ALLoverCovid19 Pitch Initiative. By combining emergency response training with intelligent dispatch, communications technology and alternative medical transportation, ERA is creating a sustainable and scalable solution in emergency medical services in Nigeria.

The Bulb went a step further to award the first runner-up, Medipal, a grant of $10,000 in AWS credit. Medipal will also be enrolled in The Bulb’s Incubator programme.

In closing, Mo congratulated and welcomed Folake Owodunni and Maame Yaa Afriyie Poku of ERA to the Bulb startup family. “We are very excited for these ladies as they have not only built a company that is solving real problems in Africa, but they have represented the ingenuity that comes out of this continent. It is also a plus that this company is women led as it is in line with our goal to invest in/support 50 women led tech startups over the next five years.”

Source: https://techpoint.africa/2020/05/14/the-bulb-africa-invests-in-healthcare-startup-supports-emerging-solutions/

GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

Introducing our latest feature writer, Dr. Vincent Nwani who recently wrote an insightful article called ” BOOSTING FOOD SECURITY IN NIGERIA THROUGH INVESTMENT IN POULTRY PRODUCTION

If you would like to raise funding for your next big business or project in Africa send us an email on mary@getfundedafrica.com

No Comments
Add Comment
Name*
Email*
Website

Select your currency