Two South African entrepreneurs who founded health technology company, Sancreed, are among 28 business owners from 15 countries selected to join Endeavor, a global non-profit organisation that backs high-impact entrepreneurship.
Endeavor is a global entrepreneurship movement that runs an on-going selection of scale-up companies from across the world. To date, the organisation has selected about 1,000 companies from 32 countries, which have received mentorship and support from the global network of mentors and business leaders.
With its selection as Endeavor entrepreneurs, Guidepost will receive on-going mentorship and an opportunity to receive investment from the initiative.
“Accessing Endeavor’s fantastic global networks of customers, industry experts and investors will allow us to rapidly increase the rate at which we can grow, create jobs and provide care to patients in need,” Rowe told ITWeb.
Guidepost has taken a unique approach to diabetes management by linking expert diabetes nurses with Type 2 diabetes patients through its custom software platform, enabling long-term coaching for patients. Using the software, nurses provide coaching on things like when to take medication, what diet to follow, the kind of medication to take and how to cope with the psychological effects of the illness over the phone.
The platform is expected to improve patient outcomes and help reduce costs associated with hospitalisation.
“Diabetes costs South African medical schemes more than R13 billion every year. Most of that money is spent on hospitalisations that would not be necessary if patients had the right support to keep their disease under control,” said Rowe.
“Even though patients are diagnosed correctly by their doctor and get the right benefits from their medical aid, they often struggle to make the changes required to get their diabetes under control. Guidepost’s software and nurse network are at the forefront of technology innovations to address this epidemic,” continued Rowe.
“When we started five years ago, we realised we needed to focus on empowering expert nurses – and we’ve built a unique software platform and set of clinical algorithms that unleash healthcare professionals to solve patient problems rapidly and effectively,” concluded Johnson.
Endeavor will provide the entrepreneurs with assistance in raising capital. Johnson hopes that Endeavour’s global network will scale the company further. According to reports, the company is expanding abroad, with a live pilot in London, and is also collaborating on a clinical trial in Scotland.