Photo - Best Aid Limited
55957

Best Aid Limited

Bangladesh
Market: Artificial Intelligence, Virtual and Augmented Reality, Mobile applications
Stage of the project: Operating business

Date of last change: 26.01.2022
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Idea

Best Aid is a fully functional health-tech startup solving significant problems in the health industry.

Current Status

37,000 patients served till now from 2020, which generated 50,000 USD, where paid customers are more than 7138 individuals, the customer retention rate is more than 30%, and annual churn rate is less than 8%.

Problem or Opportunity

Bangladesh suffers from both a shortage of and geographic maldistribution of HRH. There are an estimated 3.05 physicians per 10,000 population and 1.07 nurses per 10,000 population (estimates based on MoHFW HRD 2011). People are not getting proper access to health support mainly because of leak of Human Resources for Health (HRH)

Solution (product or service)

Best Aid focuses on creating maximum access in HRH through technological platforms and is committed to building a one-stop health ecosystem that will be easily accessible for all over the population. Best Aid will enrich that ecosystem with every possible support that a patient needs. Best Aid named the ecosystem Health Digi-verse, which will consist of AI (Artificial Intelligence), ML (Machine Learning), AR (Augmented Reality), NLP (Natural Language Processing), and IoT (Internet of Things).

Business model

Best Aid's business model is a combination of the following business models, which are
• Subscription
• Freemium
• Aggregator
• Low Touch
• Affiliate Marketing
• SAAS
• Peer 2 Peer Catalyst/Platform
• Data Licensing
Those models will also be applicable for B2B, B2C, and B2G.

Incubation/Acceleration programs accomplishment

ICT Fund,
Entrepreneurship World Cup 2021 Finalist,
Imagine If Bangladesh's 2nd Runner-up position,
SimCubator 2021's 1st Runner position.
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