Saturday, 19 August 2017

Medical technology companies gain investment from North-West accelerator

Future of Health accelerator, which launched in April, was designed to help start-ups within the health and medical sectors attract investors and create new business opportunities.
The accelerator was delivered by a partnership between Manchester-based The Landing, PwC and tech investment specialist UP. Nine start-ups were involved in the accelerator and nearly every firm managed to secure new investment.
The firms were supported by networking opportunities between thought leaders, industry executives and health-tech specialists. Those taking part were also given the chance to pilot their new technologies and pitch their ideas to healthcare organisations and potential investors.
Technology-enabled homecare provider Cera closed £2.7 million in seed funding and established 15 partnerships with NHS organisations and councils.
11 Health, based in Hertfordshire are in discussion with Salford Royal Hospital to pilot its ‘smart’ colostomy bag.
Manchester’s Aerobit, who have developed an IoT-enabled asthma inhaler, closed an investment round from existing investors and are working on securing a further seed round of investment.
Other firms that managed to secure partnerships include Altogame, a company focused on behavioural research conducted through virtual online games and learning simulations, and Kafoodle, a hospitatlity business that works with healthcare providers to create personalised hospital diet plans. Altogame were selected in the Alder Hey Hospital Innovation Hub and are working on securing pilots there. Kafoodle is in talks with a CCG to develop a healthy eating programme and is in talks with various hospitals and care homes.

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