So I know it's true for $n = 5$ and assumed true for some $n = k$ where $k$ is an interger greater than or equal to $5$.
for $n = k + 1$ I get into a bit of a kerfuffle.
I get down to $(k+1)^2 + 1 < 2^k + 2^k$ or equivalently:
$(k + 1)^2 + 1 < 2^k * 2$.
A bit stuck at how to proceed at this point
$$2^{k+1}=2\left(2^k\right)>2(k^2+1)=2k^2+2=k^2+k^2+2\overset{(*)}>k^2+2k+2=(k^2+1)+1$$ So, it remains to show that $k^2>2k$ for $k>4$. But $$k^2-2k=k(k-2)>0$$ for all $k>2$.