South Africa - Startup under 3 years old

Describe your project or startup in a few words

Patchlet Accessories is a revolutionary health tech startup that's transforming medication management and health tracking,the Patchlet an accessory that attaches to existing health monitoring devices e.g. a watch strap equipped with medication storage.

01.01 Describe your startup in more detail

Patchlet Accessories is a revolutionary health tech startup that's transforming medication management and health tracking. Our accessory combines storage, reminders, and tracking in one stylish device, enabling individuals to effortlessly monitor adherence, receive personalized reminders, and track health metrics, ultimately improving health outcomes and enhancing lives.​

01.02 What is the main problem you are trying to solve?

Most people with chronic illnesses struggle to take their medications on time. This is because some people have hectic schedules and consistently forget to take their medication, while others frequently forget because they are traveling and leave their medicine boxes at home. Non-adherence to medication regimens is a pervasive and costly problem that leads to poor health outcomes, increased hospitalizations, reduced quality of life, and increased healthcare costs, affecting millions of people worldwide.​

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

Currently people are setting reminders with their cell phones, take the whole pillbox everywhere they go so that they can drink their pills when it’s time, Some people put them in their pocket when they are going somewhere. We offer a watch/ that helps with storing pills and offers a reminder for the user when it is time to take their medication. This helps them have an easy way to store pills privately and be able to take them anywhere they go. Looking stylish while also maintaining a healthy lifestyle more easily by encouraging them to take medication on time.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Older adults: As people age, they often need to take more medications. People with chronic illnesses: People with chronic illnesses may need to take several medications throughout the day. Athletes: Athletes are often on the go, and an accessory that stores pills could allow them to quickly and discreetly take supplements or pain medications when needed. Travelers: For people who travel frequently, it can be challenging to keep track of medications and supplements. A watch that stores pills could make it easier for them to stay on top of their medication schedule. Busy professionals: For people who are always busy and sometimes experience headaches.

01.05 When was your company established?

2024-08-18

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

1

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Founder is a student, bringing a unique perspective and understanding of the target market

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://patchletaccesories.co.za/

01.11 Which industry best describes your project?

f) Healthcare (healthcare equipment and services)

02.01.01 My startup contributes to the No poverty goal

5

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

4

02.02.02 Zero hunger - Justification for my startup

02.03.01 My startup contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification for my startup

Empowering individuals to take control of their health and wellness by providing innovative, user-friendly solutions that simplify medication management and encourage proactive care.

02.04.01 My startup contributes to the Quality education goal

3

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

4

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

4

02.08.02 Decent work and economic growth - Justification for my startup

02.09.01 My startup contributes to the Industry innovation and infrastructure

4

02.09.02 Industry innovation and infrastructure - Justification for my startup

02.10.01 My startup contributes to the Reduced inequalities goal

3

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

3

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

3

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

3

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

4

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

7 - Strongly Agree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

3

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

1 - Strongly Disagree

06.02 The product/service represents an entirely new type of product/service.

7 - Strongly Agree

06.03 The product/service could be described as a new technology.

7 - Strongly Agree

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

7 - Strongly Agree

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

1 - Strongly Disagree

06.08 Justification for my startup

A wearable watch accessory that is IoT connected designed for medication management and health tracking.

06.09 Competitive Analysis

Differentiated by our wearable device with built-in medication reminders, health tracking, and subscription services.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

One thing I always make sure to do is, pass the knowledge that I obtain through such programs to my peers. I make use of the resources I have to help others where I can. I provide and volunteer mentorships in high schools in Entrepreneurial programs