Malte J. Wagenbach (Co-Founder, CEO) © Jasper Kettner
What inspired you to found your startup?
No one can say exactly today how the social challenges of the future are to be solved. But it is already clear that the traditional welfare state, the traditional social security systems and the municipalities are overwhelmed with these tasks and cooperative solutions need to provide solutions self-help.
How do you define success for yourself and your company?
Due to unavoidable demographic development, dignified ageing and caregiving will become an ever more relevant topic in the future with regards to its social and economic implications as European healthcare systems are facing increasing challenges of sustainability and resource scarcity. I define success if we can help at least one million people per year and we build a profitable impact business.
Is there anything you’d do differently if you could do it again?
Yes, Make something people want. You can screw up most other things if you get this right; if you don’t, nothing else will save you. In general I think you have to generate revenue early in the life of your company to keep it sustainable in the long term.
What problem does your product solve?
We are building a healthcare platform to make healthcare more efficient.
Where do you see your company in 1/5/10 years?
I believe that engigo will be a part of a strong network of impact companies. Who are willing to solve the world biggest problems. I see companies more in a larger network than one company on the top. Think of the greatest companies in the healthcare industry (include pharmacy) and imagine there is a network of impact companies who are using technology for good…
How are you different?
We are thinking in systems. That means elder care and communities are just the beginning. I believe that a strong mindset, purpose and brand are many times the UVP. Like I said the product is the most important thing. But we are playing the long game and Brand, Purpose and Mindset will win. Always…
How often does your product/service show up in a user’s day or week?
Currently, the software solely is an online member administration tool without any interaction with actual senior citizens and is already being employed by the administrators of the senior citizen associations. It is used on a weekly basis and we will launch a p2p version in the future.
Impact: how are you doing good and building a better future?
We are focused on a few things to make a better future. Active healthy aging. Raising self efficacy by contributing one’s strength and competencies to support others. We help to fostering connections between people that often have lost their partner and find themselves isolated. Creating and fostering a sense of community by setting up a local exchange of services.
Understand more about physical conditions and prevention of each member. Become more self-responsible and engaging in health care.
How has the startup scene in Berlin changed?
In which time period? In my opinion everyone is now an entrepreneur, with many ideas. Access to capital is easier and only a few are really willing to have an impact on the world or want to solve problems like our Sustainable Development Goals. If you know some great examples or founders here, let me know. Also VC´s who are interested in those topics. I would appreciate that.
What are the pros and cons of launching your startup from Berlin?
It becomes harder to find good people, especially when you are growing. Berlin is a great city to live in and connect to people around the world. For example Berlin and Tel Aviv are working closely together to do good.
Bonus Question: Anything else that we need to know about you?
Make something people want. I live and breathes innovation, creative thinking, platform economy, product design and hacking stuff. We should all focus more on health and be more responsible for our planet earth. Also co-founder of the ANJA GmbH which is a Start-Up in Food, Beverage, Health, Wellness, and Fitness Production Industry.
Engigo was featured in “The Hundert Vol. 10 – Startups of Berlin“, October 2017.