Three feminine Co-founded HealthTech startups based mostly in Glasgow (Silver Lion Improvements, Seluna, and Smplicare) have secured over €1.1 million in early-stage funding, a lift that can speed up their supply of progressive healthcare applied sciences to market.
The funding comes by way of STAC Make investments, the funding arm of Scotland’s industry-led accelerator STAC.
Angus Macfadyen, Head of Funding at STAC, commented: “We created the STAC funding arm to deal with the obvious want in Scotland’s innovation panorama for industry-led, founder-centric capital that goes hand-in-hand with world-class help.
“Our mannequin is about greater than cash – it’s about bringing collectively personal funding, mentorship, and entry to superior labs and networks. We’re proud to again these excellent feminine Founders and their enterprise companions, who should not solely constructing nice corporations but additionally utilizing good tech to deal with real-world ache factors in well being and social care. That is just the start of a brand new period for Scotland’s good tech sector.”
Silver Lion Improvements, based in 2018 by Ruth Crozier and Conor Crozier, is behind EasyOver, a sensible mattress topper designed to rework look after folks with restricted mobility. EasyOver permits customers to show safely and comfortably in mattress, both on their very own or with the assistance of 1 carer, on the contact of a button. The gadget is designed to enhance high quality of life for each sufferers and caregivers.
“The funding and help from STAC have been completely invaluable. It’s not simply in regards to the funding – it’s about being a part of a community that actually understands what’s concerned in constructing a healthtech firm. The 18-month STAC accelerator helped us refine our pitch, join with the best companions, and gave sensible help, from communications to hiring our first worker,” mentioned Ruth Crozier. “This backing provides us the additional momentum to take EasyOver to those that want it most, quicker than we may have in any other case. Being a part of the STAC ecosystem means being round different Founders going by means of comparable journeys, and that group side has made it simple to mutually help each other.”
Seluna, co-founded in 2022 by Dr Scott Black and Dr Yola Jones, is growing machine learning-enabled software program to diagnose and handle childhood sleep apnoea. This may reportedly be the primary resolution of its form in paediatric healthcare, designed to automate and streamline the interpretation of sleep research, enhance diagnostic accuracy, cut back hospital workload and optimise therapy planning.
Dr Jones defined: “STAC’s funding is a game-changer for Seluna. The accelerator’s mentorship and entry to {industry} consultants have already helped us sharpen our enterprise mannequin and scale our know-how. With this funding, we are able to conduct real-world validation research with our NHS companions and speed up in the direction of formal medical trials. STAC’s funding will assist deliver our resolution to market sooner, to enhance paediatric diagnostics and cut back the pressure on well being companies.”
Smplicare, co-founded in 2021 by Alexandra Melling and Garrett Sprague, is constructing fall prevention know-how aimed toward serving to older adults preserve independence whereas decreasing the danger of falls – the main reason for misplaced independence in folks over 65. Its platform makes use of machine studying algorithms to foretell fall danger with an alleged 85% accuracy.
“Being chosen as one of many first recipients of STAC’s funding is a big endorsement of our mission. STAC’s ecosystem has given us invaluable steerage on all the things from regulatory compliance to consumer expertise. This funding will assist us develop our platform and attain extra households who want help,” added Melling.
The funding will allow all three corporations to speed up growth, run validation research, and develop market attain. Every of those startups is headquartered in thebeyond, STAC’s innovation hub in Finnieston, Glasgow, which is being positioned as an Worldwide Centre of Excellence for good, related and DeepTech corporations.
“The funding in these three corporations represents a big step in our imaginative and prescient to determine thebeyond as an Worldwide Centre of Excellence in Finnieston, Glasgow, creating a brilliant cluster of progressive good know-how corporations that may compete globally,” added Macfadyen.
STAC, based in 2021, runs an 18-month programme that helps 15–20 corporations each 9 months, offering 116 structured “enterprise substances” that cowl all the things from product growth and regulatory compliance to funding readiness and worldwide scaling. Individuals achieve entry to mentorship, co-working area in thebeyond innovation hub, and direct market entry by means of company partnerships with main manufacturers resembling Volvo, Sonos and RBS.
Whereas STAC is facilitating the funding, the actual story lies within the startups’ potential to deal with urgent well being and social care wants. From mobility care to enhancing paediatric diagnostics and predicting fall danger, Silver Lion Improvements, Seluna and Smplicare are a part of Scotland’s rising wave of HealthTech innovation that goals to scale globally.
Keep forward of the curve with NextBusiness 24. Discover extra tales, subscribe to our publication, and be part of our rising group at nextbusiness24.com
