GLOBAL • AGRICULTURE, HEALTHCARE & TECHNOLOGY
OCTOBER 11, 2017
Innovators around the world are finding new approaches to deliver healthcare effectively and at significantly lower cost, inspiring hope for new methods to tackle the rising cost of the industry, estimated at $7 trillion a year globally.
Today many of these solutions are being built in emerging markets. Why? Necessity is the mother of invention. In the absence of adequate care or providers, entrepreneurs must improvise to build and democratise solutions. Weaknesses in the infrastructure of regulatory bodies mean that entrepreneurs face fewer constraints, they can bypass outdated models to forge new solutions.
The science and technology company Merck KGaA, Darmstadt, Germany enables the creation of these solutions with their global Accelerator Program that supports startups with office space in their headquarters, funding of up to €50,000, mentoring and access to more than 50,000 experts worldwide. The focus in the fields of healthcare, life sciences, and performance materials and additional search fields, industries that have the potential to impact millions of lives.
Startups from the Accelerator demonstrate how much potential these areas hold for innovation.
Let’s take a look at Matibabu for instance, a startup tackling the problem of malaria diagnosis.
The WHO reported 214 million malaria cases worldwide in 2015, of which 90 percent were found in sub-Saharan Africa. In Africa hospitals are often far between, one often has to travel for hours and appointments may be expensive. Patients will only travel to a hospital if absolutely certain they are sick. These barriers to access also lead to many people erroneously taking malaria medication as soon as they feel ill, because they are afraid they may have contracted malaria. Matibabu’s diagnostics tool will reduce medication misuse across the continent and help make sure existing malaria medication is only distributed to people who actually have malaria by providing accurate diagnoses.
As early diagnosis is key to successful treatment of the disease. Starting the treatment as early as possible does not only prevent deaths, it also reduces malaria transmission. This shows the importance of Matibabu’s diagnosing tool for the entire continent.
Matibabu offers a digital solution an a continent where, more people have access to smartphones than to running water. Led by Josiah Kavuma and Shafik Sekitto, created an app as well as a portable magneto-optic imaging device, which allow for the detection of malaria via a smartphone, even in remote areas – no blood sampling needed. This mobile technology holds the potential to make malaria diagnosis as easy as taking a picture – and getting the right care as soon as possible a lot more likely.
The digital approach to diagnosing diseases is also taken by the startup PEAT– a Germany- based company which invented the tool “Plantix”. Using artificial intelligence, Plantix analyzes the pictures taken of a plant to detect and diagnose plant diseases.
Why does it matter? Because farmers can use this method to discover what is wrong with their plants and vegetables, and how to treat the issue. A timely and appropriate reaction enables farmers to prevent huge harvest losses. This is particularly important in agriculture in order to avoid one contaminated plant affecting an entire plantation.
ASIA • ENERGY & NATURAL RESOURCES
Can Green Startups in Asia Help Mitigate Climate Change?
The Metronome, the famous Manhattan digital clock in Union Square, started the countdown to the next climate disaster.
AFRICA • ECOSYSTEM ENABLER
Designing Virtual Learning Opportunities for Entrepreneurs in Africa [Q&A]
If we say that COVID-19 has changed the world, it would be an understatement. COVID-19 disrupted our world.
AFRICA • EDUCATION & CONSULTING
Can Vocational Training Help the African Economy Soar to New Heights?
When the time comes to make career choices, modern young people suddenly find themselves in a seismically active world, where rock-solid paradigms are cracking, new normals are forming, and opportunities are flowing like lava.
GLOBAL • INVESTMENT
5 Simple Mistakes Start-ups Can Avoid When Measuring KPIs
Despite some fantastic ideas, brilliant products and passionate owners, it’s a sad fact that most start-ups never make it to their third year.
GLOBAL • ECOSYSTEM ENABLER
New Seedstars Index: Efficient Tool for Data-Driven Decision Making
The Seedstars Index (SSI) has been fully reworked for the 2020 edition with the aim of achieving a higher quality predictive indicator for the success of an entrepreneurial ecosystem. Why SSI is a powerful tool for data-driven decision making:
AFRICA • OTHER
Bridging the Gap: How to Prepare Younger Generations to the Future of Work
Access without quality undermines investments in the sector and yields limited gains. Ivory Coast, and the continent more broadly, has witnessed an increase of the school attendance rates
CENTRAL AND EASTERN EUROPE • URBAN DEVELOPMENT
How Switzerland Won Its Title of the Country of Innovation
What makes Switzerland unique? How did the country manage to become the global leader in innovation?
GLOBAL • HR
Being a Better Leader: 5 Skills Founders Have to Learn to Survive Their First Year
It's not all doom and gloom. Founders have to realize that setting up a business is hard, but also that most challenges can be surpassed if tackled with the right mindset and skills.
GLOBAL • URBAN DEVELOPMENT
Civic Tech: Building More Transparent Societies in Developing Countries
Our society is at a tipping point. Consequently, there is an urgent need for developing sustainable economic and social solutions for change. This is where transparency comes in.
AFRICA • FINANCIAL SERVICES
Future bright as african tech startup funding grows
Africa has long lagged behind the rest of the world when it comes to investment, even in the continent’s most exciting tech areas.
AFRICA • AGRICULTURE
Agritech in Africa: Paving The Way For a New Era in Farming
Imagine a drone flying 100 metres over a section of Nigerian farmland, taking infrared pictures that will then tell the farmer if his crops are suffering from a disease – up to 10 days before the damage is visible to the naked eye.
MIDDLE EAST AND NORTH AFRICA • TECHNOLOGY
Overview of the Entrepreneurial Landscape in MENA by Omar Christidis, CEO of Arabnet [Interview]
Recently, we had a chance to talk to Omar Christidis, CEO of Arabnet
ASIA • ENERGY & NATURAL RESOURCES
Fighting Trash: How Myanmar Is Tackling the Waste Problem in the Country?
At the forefront of the Myanmar waste discussion, the historic nation grapples with managing unwanted products like plastic and food
GLOBAL • TECHNOLOGY
Migrant Workers: Four Ideas On How Technology Can Support Skills Mobility
In this article, we will focus on the question of mobility skills, because building the right framework and policies to enable the movement of people is primordial for a sustainable economy and social wellbeing of the world’s population.
AFRICA • TECHNOLOGY
Key Ways to Shape Africa's Tech Startup Sector: Media Perspective
Heyl has also taken an undisclosed share in the company, which was founded in 2010 by the late media entrepreneur Matthew Buckland, who passed away in April.
AFRICA • GOVERNMENT
Delivering Public Services Through Technology and Entrepreneurship
The delivery of public services such as healthcare, education, sanitation and criminal justice, is a key task for any government.
GLOBAL • PROFESSIONAL SERVICES
What Is a Password Manager, and Why Does Your Startup Need One
When you’re running a startup, it goes without saying that you’ve got a lot on your plate: managing your team, updating all your social media channels, responding to user feedback. The list goes on.
GLOBAL • FINANCIAL SERVICES
Fintech and the Future of Your Money
At the intersection of finance and technology lies a phenomenon that has been reshaping the world of money. The rise of the internet has brought about a high degree of disruption to almost all industries and financial services are no exception.
GLOBAL • HEALTHCARE
Digital Health: A Solution to Growing Problems in Healthcare
The Healthtech industry spans a broad number of sub-sectors: hospitals and practitioners; insurance companies; consumer-facing services; pharmaceuticals; and government – to name a few.
LATIN AMERICA • INVESTMENT
Chile — the Leading LATAM Startup Ecosystem
Known for its numerous breathtaking landscapes, wineries, and abundance of copper, Chile is a country that has so much more to offer.
GLOBAL • TECHNOLOGY
Proven Methodologies for Delivering an Interactive Workshop in the Tech Industry
Hosting a workshop at a conference or an event can be strenuous
GLOBAL • ENTERPRISE
How To Make The Most Out Of A Networking Event
Although some entrepreneurs out there attribute their success to luck, savvy startups know that real business opportunity is created through hard work and consistently showing up in the right place at the right time.
CENTRAL AND EASTERN EUROPE • FINANCIAL SERVICES
The FinTech Stars Journey: An Insight on the Three-Month Acceleration Program
Have you ever been to Astana? You would be surprised. Sky-high glass buildings, newly built smart quarters with entrances by a fingerprint scan, huge Expo area - firstly, a venue for the biggest Exposition “Future of Energy”