Nigeria-based health-tech startup Life Bank, that works with hospitals round the clock to find lifesaving medical products and we deliver to the hospitals in the right condition across Africa secures first place at the Africa Netpreneur Prize and won a cash prize of $250,000 which will be a great addition to their startup.
Nawah Scientific coming in second just got a massive boost in its efforts to emerge a leading science startup after the Cairo-based company won $150,000.
In case you haven’t heard about the company before, Nawah Scientific has a wide range of advanced scientific and engineering equipment focusing on natural and medical sciences. The company’s services include carrying out various research tests on behalf of universities, scientists, and research teams that lack the resources to conduct expensive and complicated experiments.
For those out of the loop, the competition is the brainchild of Alibaba founder Jack Ma and it aims to encourage African entrepreneurs to focus on building a fast-growing, inclusive, and sustainable economy for the future.
Overall, there were 10 finalists who demonstrated their innovations and business ideas to a panel of judges comprising senior business leaders such as Jack Ma, Strive Masiyiwa, Founder and Executive Chairman of Econet Group, and Ibukun Awosika, Chairman of First Bank of Nigeria and Founder-CEO of The Chair Centre Group.
Commenting on the occasion, Jack Ma praised the African innovation and entrepreneurship ecosystem as one that “never lack talent, resources, and opportunities,” further adding that what the region needs today is “a crop of people to explore, to try and to innovate.”