Startup South Bend – Elkhart Pre-Accelerator Cohort Two Graduate, Nicholas Lampson of Agape Health
Cohort Two Graduate: Nicholas Lampson, Founder
Company: Agape Health
Contact Agape Health: Via Email
Describe your company: Agape Health is a venture focused on helping the elderly and terminally ill go to the bathroom. Patient and caregiver falls and injuries are dangerous, painful, and expensive. Most injurious falls occur when the patient is moving between the bed and the bedside commode or bathroom. To quantify, each year there are approximately 29 million falls by seniors over the age of 65. Each year it costs upwards of $30 billion dollars (2013 est.) to treat the injuries caused by these falls.
To tie this back to what we are trying to solve, approximately 80% of falls in the home occur in the bathroom. That is the problem through the lens of insurance providers. For caregivers and patients, current bedside commodes require a high amount of balance and exertion each time the patient needs to go to the restroom, which makes each toileting instance a risk for injury and fall. Serious injuries pose a threat to the well-being and lifespan of the patient.
What excites me most about this project is that it brings to light an uncomfortable issue that has been largely ignored in healthcare innovation. The timing of this project is urgent as trends indicate a projected increase in caregiver burden over the next 30 years due to the aging population and a clear movement towards home health care in light of COVID-19.
What have you learned from the Pre-Accelerator Program? “I learned how to accurately calculate market size, identify tangible next steps for the business, and deliver a better pitch.”