7. Riaan Conradie and Laurie Olivier
Vital Stats:
- Business: LifeQ
- Industry: Healthtech
- Business est: 2014
- Website: Lifeq.com
LifeQ uses the data collected by wearable technology combined with mathematical models and advanced analytics to calculate and identify a specific user’s health risk.
“Instead of focusing our energy on adding more applications or wearables to the market, we decided to rather use our in-depth understanding of human physiology and our computational biology skills to develop models and algorithms that add value to these applications or wearables.”
Information is gathered through computational systems biology and continuous body monitoring. This will become a “totally new type of insurance product that helps a user manage their own health to reduce both the risk to the individual and the insurer,” says Riaan Conradie. LifeQ has recently closed a deal with an insurance company to launch an insurance product in South Africa.