ASIA • HEALTHCARE
FEBRUARY 20, 2020
This time, we had a talk with our alumni in the healthcare industry – CMED Health, a Bangladeshi startup that is focusing on preventive healthcare. We managed to talk with the company Co-Founder & Head of Growth Moinul H. Chowdhury and find out what the current state of their business is, what the team’s plans for the future are and how do they envision their place in global healthcare.
In Bangladesh, there are four major issues with healthcare. First, there is no referral system. Patients don’t have a structured primary healthcare system which can route them to the next level of health services. Second, healthcare is unaffordable due to no health insurance system in Bangladesh. Third, there is no individual health record which forces doctors to treat their patients with less information. It all culminates into the 4th issue, two-thirds of deaths in Bangladesh happen due to non-communicable diseases (NCDs). In 2016 only, almost 600,000 people died from NCDs, and the number is increasing every year. With our product, we aim to address each of these problems. We currently have a platform used by over 50,000 people that connects healthcare service providers with people who are in need of that service. This allows for referring the patient to the next level of care, create an individual health record for each user and raise awareness among the users about NCDs and advise them on how to prevent them.
Our biggest success in terms of recognition would be winning the Innovation Award at the Seedstars Summit 2018. Winning a major recognition on the world stage has brought a massive amount of interest, awareness and praise from everyone. This also helped us understand the global market, players and how we can forge our way forward. In business terms, our partnership with one of the largest NGOs in Bangladesh to utilize our platform for healthcare delivery would be our biggest success.
Honestly, I wouldn’t change a thing. The hiccups we had, the stumbles we faced all helped us become what we are today. Without the experience paved with difficulties, you can not become successful. I’d keep things as they are, and maybe write down the winning lottery numbers in the past few years!
Our experience shows the best way to communicate is through a human connection. Our health agents are the face of our company, and through them, our customers know who we are and what value we’re creating.
We believe the work we are doing can create a massive tectonic change in the healthcare paradigm. Everything we see now is subject to change with the help of technology, and our aim is to be at the forefront of the change. We believe the work we’re doing is expandable to other socio-economic landscape. With proper support, we can completely change the way healthcare delivery is running right now.
With utmost privacy and security in mind. Although there are no strong regulations established in Bangladesh about this, we understand this to be of the utmost priority.
We believe quality is better than quantity. Our plan is to first firmly establish our foundation and then grow bigger. As Bangladesh is our first market, we want to expand and stabilize our business here and then expand to similar markets with a proven methodology and established product.
Winning a major recognition on the world stage has brought a massive amount of interest, awareness and praise from everyone. This also helped us understand the global market, players and how we can forge our way forward.
Seedstars mentoring sessions helped us a lot to stabilize our business and develop different policies for the company. Especially, the control tower helped us a lot in governing our new services and products. Seedstars is one of our investors, which added more recognition amongst the investor community.
This might be an interesting fact for a startup that our team members age vary from 19 to 59.
The Alchemist by Paulo Coelho, at first it was boring, then it turned to be intriguing, then it became mesmerising and at the end of the book, I was fervently jotting down what I comprehended from the book at the fear of forgetting everything the next morning.
LATIN AMERICA • FOOD & BEVERAGES
Eat Cloud: The Startup that Leverages Technology to Minimize Food Waste and Reduce Hunger in Colombia
EatCloud is a startup that reduces food waste and fights against hunger, generating social, economic, and environmental impact
GLOBAL • FINANCIAL SERVICES
How to Raise $1.2m in Funding (Mesfix Case)
As Mesfix raised its latest round of $1.2million, Seedstars wanted to get back in touch with Felipe Tascon, co-founder and CEO of Mesfix, and get the inside scoop!
AFRICA • FINANCIAL SERVICES
How One Platform Helps African Artists Pave Their Way to Success
Recently, Chidi’s startup Publiseer, a digital publishing platform for African authors and artists, has become one of the winners of the Migration Entrepreneurship Prize by the Human Security Division (Switzerland).
LATIN AMERICA • EDUCATION & CONSULTING
Meet TÓTAL Report — a Regtech Company Participating in the Expansion Program Colombia
The first month of the Expansion Program Colombia organized by Seedstars, MinTIC and APPS.CO is coming to an end, and we want to introduce you to some of the promising startups from Colombia participating in the program this year.
AFRICA • TECHNOLOGY
eCampus: Using the Power of AI in Employee Training to Eliminate Poverty in Africa
In 2020, one more great startup joined the Seedstars community – eCampus – as the winner of the Migration Entrepreneurship Prize by the Human Security Division (Switzerland).
AFRICA • INVESTMENT
What’s Your Why: Salum Awadh
What kind of startups, Salum, CEO of SSC Capital from Tanzania, is looking as an investor and entrepreneur?
LATIN AMERICA • TECHNOLOGY
Three Continents, One Data-Driven eCommerce Startup and a Baby | Ann Pichestapong
In this episode, we meet Ann, founder and CEO of DataCue, who not only launched her own company but did it with her husband as her co-founder whilst travelling across Central and South America for their honeymoon!
CENTRAL AND EASTERN EUROPE • TECHNOLOGY
Spotlight on Dimash: Teaching Next Generations to Code
Dinmukhamed Junussov (Dimash) from Nur-Sultan
AFRICA • HR
How Giraffe is Using Mobile Technology to Fight Unemployment in South Africa
We continue our alumni story series with an interview with Anish Shivdasani, CEO of Giraffe, a fully-automated digital recruitment solution that gives medium-skilled job seekers access to opportunities for free, and enables businesses to recruit high
AFRICA • SUPPLY CHAIN
Vaccination Done On Time: How CowTribe Is Helping To Boost Ghanaian Economy
CowTribe started with a simple conversation in a car when Peter offered Alima a lift one day. Strangers a few minutes before, they already knew that this acquaintance was not a coincidence and would grow into something bigger.
GLOBAL • REAL ESTATE
Making Bolivia Your Home: How Soon-To-Be-Unicorn UltraGrupo is Shaping Bolivian Real Estate
UltraGrupo has just secured $520,000 in second-round funding and is going to scale its products to other markets
GLOBAL • FINANCIAL SERVICES
What’s Your Why: Gwendolyn Regina
With 14 years under her belt as an entrepreneur and a media and technology expert, Gwendolyn Regina has found an interest in exploring the question “What is a good question?”.
LATIN AMERICA • FINANCIAL SERVICES
What’s Your Why: Sergio Contreras
Sergio Contreras, CEO & Founder of inteliBPO, wants to break a common stereotype in Latin America.
GLOBAL • ADVERTISING & MARKETING
What’s Your Why: Espree Devora
Meet Espree Devora, founder of WeAreLATech, who was the keynote speaker at the Seedstars Summit CEE and hear her answers.
CENTRAL AND EASTERN EUROPE • ADVERTISING & MARKETING
What’s Your Why: Vincent Tresno
Meet Vincent Tresno, founder and a growth hacking advisor at Tresno Digital (Switzerland) who shares his vision of entrepreneurship and gives us examples of his favourite tools to strategize over the business growth.
CENTRAL AND EASTERN EUROPE • TRAVEL & TOURISM
What’s Your Why: Zolko Batmunkh
Why did Zolko choose the path of an entrepreneur? What makes him move forward? Get the answer in our next ‘What’s Your Why’ episode with the founder of IHotel (Mongolia) Zolko Batmunkh.
ASIA • MOBILITY
What’s Your Why: Marcus Tran
AN VUI is creating an impact as the first technological company in Vietnam that features a comprehensive software system for the passenger transport. We caught up with Marcus Tran, CEO of AN VUI, to examine his whys.
CENTRAL AND EASTERN EUROPE • EDUCATION & CONSULTING
What’s You Why: Daria Kroshkina
Why Daria, founder and CEO of StudyFree, can’t settle? What drives her and what motivates her every day? Hear Daria’s answers in our next ‘What’s Your Why’ episode!
AFRICA • AGRICULTURE
AgroCenta CEO on the Challenges of Entrepreneurship in Ghana
Winning the vote of the entire jury, AgroCenta from Ghana was crowned the Seedstars Global Winner of the 5th edition of Seedstars Summit.
ASIA • ENERGY & NATURAL RESOURCES
What’s Your Why: Emir Nurov
What is Emir Nurov from Singapore passionate about?
LATIN AMERICA • EDUCATION & CONSULTING
What’s Your Why: Andreana Castellanos
What if one meeting can define what you want to do in your life?
LATIN AMERICA • FINANCIAL SERVICES
How RebajaTusCuentas is Making Mortgage Loans More Affordable in Latam
Having a cosy home and a place where you can build your future with your family is a dream of many people.
AFRICA • ENTERPRISE
Rebecca Enonchong: To Be an Entrepreneur You Have to Be Crazy
“If a black African woman could succeed in America in 1999, then all the entrepreneurs across the world can succeed!”, Rebecca Enonchong, tech entrepreneur, founder and CEO of AppsTech and iospaces.
GLOBAL • ENERGY & NATURAL RESOURCES
Amar Inamdar: Clean Energy as an Opportunity for Impact
Amar Inamdar, Managing Director of KawiSafi Ventures, gives us a brief intro into the history of energy technology and how it made possible for people to access power without a very expensive grid and fossil fuels.