MedTech Start-Up

Two healthtech startups among European funding competition winners

Two North West entrepreneurs are among winners of a European healthtech funding competition.

Both organisations were among 13 winning start-ups from across the UK and Ireland after pitching their business ideas to an expert jury.

The awards of €50,000 are designed to help innovative healthtech businesses overcome short term hurdles and strengthen their business profile.

Both organisations have received support from the Academic Health Science Networks (AHSN). Health Innovation Manchester, the AHSN for Greater Manchester and responsible for accelerating proven innovation into Greater Manchester’s health and social care services at pace, has supported Xploro’s access to the healthcare market in the region.

Triple Tread have also been supported in their competition entry by Health Innovation Manchester and the Innovation Agency, the AHSN for the North West Coast and a partner in EIT Health.

Xploro, which was a spin-out of Manchester-based digital innovation agency Corporation Pop, is a digital therapeutics platform. The platform uses augmented reality, gameplay and artificial intelligence to deliver health information to young patients.

Dom Raban, Xploro co-founder and CEO, said: “This award will allow us to do something that we otherwise wouldn’t have been able to do at this stage of our development: it opens up a massive new global marketplace to us. We’re using the funding to develop a Spanish language version of the Xploro app which is allowing us to engage with organisations not only in Spain but also in the United States and other countries worldwide.

“We’ll be launching Xploro to market in the autumn. We’re currently undertaking public trials at the Christie NHS Foundation Trust and Royal Manchester Children’s Hospital, and we’ve already engaged with health organisations in Spain through EIT.”

Triple Tread is a patent protected trike designed to motivate regular physical activity, promoting social interaction and positive wellbeing for older people and those unable to balance on a two-wheel bicycle.

Mark Harrison, Triple Tread, said: “It was a great pleasure to connect with some amazing innovative medical entrepreneurs and their cutting edge health technologies. Their own background stories and personal light-bulb moments were truly inspiring. The event presented the opportunity to share our story and the challenges faced starting a business whilst experiencing Multiple Sclerosis. The format allowed friendly peer advice and support.

“Funding success at the EIT Health Headstart programme will create European level kudos to our Triple Tread project. The award will allow us to achieve our short-term development objectives, finalising our design and reducing our cost of goods before positioning for future investment or collaboration for manufacture and commercialisation. I look forward to an ongoing connection with the AHSN and EIT teams.”

Daniel Zamora, commercial programme manager at Health Innovation Manchester, added: “We are delighted to see two innovative healthcare solutions secure support from the EIT Headstart Awards, which will help to strengthen their business and improve their future.

“Both Xploro and Triple Tread are products which could make a real difference to our citizens and we are excited to see them flourish in the heathcare system.

“We support SMEs from the region through several business support programmes and this allows them to become more competitive and win international awards. Consequently, innovative products get faster to market but also we also help developing our local economy which is a key determinant for good health.”

Original Article: (https://www.med-technews.com/news/two-healthtech-startups-among-european-funding-competition-w/)

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