NewVative

Problem Statement

NewVative is an IoT and data analytics company that offers Real-time Temperature Monitoring System (RTMS), for hospitals, blood banks and pathology lab chains. RTMS Monitors the temperatures of medical grade fridges, freezers, every minute and creates alerts when the temperature exceeds the permissible range. Large number of storage units can easily be monitored on a single screen.

Startup Intro

NewVative is an IoT and data analytics company that offers Real-time Temperature Monitoring Systems (RTMS), for hospitals, blood banks, and pathology lab chains. RTMS monitors the temperatures of medical-grade fridges, and freezers, every minute and creates alerts when the temperature exceeds the permissible range. A large number of storage units can easily be monitored on a single screen.

Current Status: Launched (Actively seeking new customers)

Key Achievements:

  • Attended several cohorts, such as, JumpStart, IdeaGist by Pakistan100, Global Innovation through Science and Technology (GIST) program by US State Department.
  • In GIST program we were among 15 startups that were shortlisted from more than 300 applicants, and were among the top three at the conclusion of the program.
  • Done extensive customer discovery and client outreach over the past 2.5 years. We have nearly achieved product market fit.
  • Exceeded monthly recurring revenue of more than Rs. 100,000.
  • Have well-reputed clients including Shifa International hospital, Chughtai Lab, Excel Labs, Citi Lab, Rehman Medical Institute, Ali Medical Center, Ehad Pharmacy

About Innovator

Name : Farrukh Bhatti
City : Islamabad/Rawalpindi
Province: Federal
University : LUMS

Team

Farrukh Bhatti

Pitch Video

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