iSTOC in IFC TechEmerge Health East Africa Program
International Finance Corporation (IFC) TechEmerge Health Program brings custom heath care solutions to East Africa. iSTOC was chosen as one of the program partners that offer technologies that can support this region during the COVID-19 pandemic. The “one-stop shop integrated solution” developed by iSTOC for infectious diseases screening consists of low-cost lateral flow tests (LFTs), iSTOC Infectious Disease Reader (IDR) installed on a mobile device to capture data from rapid tests, and iSTOC Immediate Diagnostics and Analytics (IDA) Platform. The iSTOC solution enables outpatient treatments and disease screenings on large scale, also in rural areas.
iSTOC is also one of the 53 tech companies from 20 different countries that were chosen to attend the virtual TechEmerge Health East Africa Innovation Summit, which will be organized in autumn 2020. The selected innovators from around the world offer a range of solutions that can drive better healthcare outcomes in East Africa, including tools in Artificial Intelligence/Machine Learning, Point of Care Diagnostics, Maternal & Child Health, Patient Engagement, Quality Management, Operational Efficiency and beyond.
Current rapid diagnostics and diagnostics services are slow, inefficient and expensive. The lack of capability of digitizing, transferring and analyzing visible information is costly and generates human errors. Traditional diagnostics devices are suitable mostly for laboratories. iSTOC’s mobile diagnostic solution is economical and a low-cost solution that can eliminate capital expense in IT infrastructure. The solution is designed for mass efficient screening as it provides immediate diagnostics without costly hardware setups – only a smartphone is necessary. iSTOC will provide better healthcare in rural and poor areas in East Africa by improving access to high quality affordable healthcare. Through TechEmerge Heath Program iSTOC is currently discussing of co-operation with two different hospitals in Kenya.
International Finance Corporation IFC is a sister organization of the World Bank and member of the World Bank Group. IFC is the largest global development institution focused exclusively on the private sector in developing countries, and works to create markets that open up opportunities for all. IFC has more than 60 years of experience in unlocking private investment, creating markets and opportunities where they’re needed most. The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.