Sunday 16 July 2017

How Can Nigerian Health Tech Startups Build Sustainable Businesses?



digital health in Africa
Health Meets Tech

Between the 30th of June and 2nd of July, medical doctors, software developers, graphic designers, business development guys and many others gathered at the Co-creation Hub in Yaba, Lagos for a hackathon called "Health Meets Tech" which was organized by a partnership of Digital Health Nigeria, EpiAfric and Facebook, and covered by the Nigeria Health Watch. Throughout the 3-day period 5 different teams, each comprising of medical doctors and other healthcare workers, software developers, graphic designers, business people and so on, worked on an idea that would leverage technology to improve an aspect of healthcare in Nigeria. I joined the program on the second and final day during which I went round to interact with each of the teams on what they were building. My interaction focused on the healthcare problem each team was trying to solve; whether this healthcare problem was a recurring pain point for the target market; the willingness of the target market to pay for the solution that was being built to address the healthcare problem; whether the business is for profit or a social enterprise; and the sustainability of the model on which the business will be built.