What is your start-up LifeBank doing?
Giwa-Tubosun: We are a technology and logistics start-up based in Nigeria, providing the right quality blood at the right time. We use data, apps and artificial intelligence to find out who needs blood, plasma and platelets. In the past, hospitals had to wait for blood for up to 24 hours. LifeBank delivers within 45 minutes while maintaining high quality standards. Since 2018 we also supply medical emergency oxygen.
Why do not hospitals simply store enough blood and oxygen themselves?
Giwa-Tubosun: Blood has a short shelf life, is available in blood groups and requires strict storage conditions. Hospitals therefore prefer to order if necessary. Oxygen, on the other hand, can be used with any patient, it lasts for three years and does not have to be stored expensively. However, the hospitals sometimes have inadequate delivery schedules or lack of necessary hoses and gauges. Patients also die as a result of lack of access to oxygen. That's why we offer an 24 / 7 delivery service with 1 cubic meter oxygen cylinders, which we deliver by motorbike.
Do you always deliver with motorcycles?
Giwa-Tubosun: We want to find the best mobility solution for every situation. Recently, we also supply boats near the river in Lagos. Any means of transport is conceivable, including drones.
What is LifeBank's challenge?
Giwa-Tubosun: LifeBank is a social impact company that aims to save lives. This year we are planning to double our current 30 employees. We want to scale, achieve the greatest possible impact and make our services accessible to everyone, especially poor people. To do this, however, we need patient capital and donors who believe in our mission. Although access to capital is difficult, with manageable resources of less than $ 600.000 we have already made a huge impact in just three years: We have supplied more than 400 hospitals and saved around 5.300 lives. Imagine how much more we could do with additional capital.
Vielen Dank für das Gespräch!