Nigeria’s Lifebank to get € 50,000, joins 9 other startups for Merck Accelerator in Germany

Nigeria’s tech and science company, Life Bank will be getting financial support of up to € 50,000 as well as taking part in a three month programme called the Merck Accelerator in far away Germany.

On March Tuesday, 20, 2018, Merck, a top technology and science company in Darmstadt, Germany, announced Life Bank as one of the ten new startups taking part in the Merck Accelerator.

In a statement by the company, the ten startups selected are operating in the fields of life science, healthcare, performance materials and additional search fields.

The startups, from Europe, Africa, and South America, and will be based in Darmstadt at the Merck Innovation Center, which is the centerpiece of the Darmstadt site’s development as Merck’s global headquarters.

Michael Gamber, Head of the Innovation Center, commented: “We are delighted to be here welcoming the ten startups to Darmstadt. Being connected to the startup ecosystem is an essential part of developing collaborative projects with our colleagues from the business sectors, whilst also exploring our innovation fields such as bio-sensing and interfaces - from the startup perspective. This year we received well over four hundred applications. With such a high volume of excellent applications from startup teams, it was difficult to narrow down our selection but we now have a great group of teams joining us.”

The statement further revealed that a femtech startup, Syrona Women, will be joining the Merck Accelerator for the first time.

While Syrona Women is developing tests that enable women to check on their reproductive health from the comfort of their own home, Life Bank is a Nigerian startup that solves the problem of shortages in medical supplies by collating inventory information from thousands of medical suppliers using a combination of mobile and web applications.

Life Bank now moves to Darmstadt, Germany to the headquarters of Merck in order to develop their idea further. The team receives Mentoring as well as a funding from Merck.

Nigeria’s Lifebank to get € 50,000, joins 9 other startups for Merck Accelerator in Germany

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