Category: Healthtech

• Organ transplant funding has been secured by Newcastle-founded ScubaTx, which raised £1.4m to advance its organ preservation technology.
• The funding round was led by the GMC Life Sciences Fund, enabling ScubaTx to expand its operations into the North West of England.
• The company has opened a new office at Manchester Science Park, enhancing its design, engineering, and pre-clinical trial capabilities.
• ScubaTx has doubled its workforce by hiring six new staff members to strengthen its operational and engineering teams.

• New funding announced for diabetes technology research by Diabetes Australia
• Diabetes Technology Research Accelerator Grant program launched to develop new technologies
• Funding of $250,000 allocated for research to create solutions for people with diabetes
• Call for industry partners to provide matched funding to reach $1 million goal
• Focus on Automated Insulin Delivery systems for type 1 diabetes management

New Funding Boost for Diabetes Technology Research

Diabetes Australia has recently unveiled an exciting new initiative aimed at advancing diabetes technology research. Read more

• Healthtech-1 secures £2.7 million in seed funding to enhance primary care technology, focusing on automation solutions to streamline admin tasks and improve efficiency in GP practices.
• The platform currently automates new patient registrations and lab report filings, aiming to reduce errors in manual tasks, with plans to expand to 90% of the market by next year.
• Healthtech-1 is developing Automated Lab Reports to automate a significant portion of normal and abnormal results, potentially freeing up the equivalent of 2 million appointments annually if expanded to 46% of England’s GP practices.

• B.C. medical tech company Kardium secures US$104M in funding led by Fidelity Management & Research Company LLC
• Kardium specializes in treating atrial fibrillation with its Globe Mapping and Ablation System
• The system features a catheter with 122 electrodes, reducing procedure time from four hours to one
• European regulators approved Kardium’s flagship device in 2020, with North American trials starting in 2022
• The funding will support clinical studies, manufacturing expansion, and workforce growth

Exploring the Success of B.C.

• Ontario budget allocates $12-million to Health Technology Accelerator Fund for healthtech procurement
• Neuralink opens applications to Canadian patients for experimental assistive technology
• Dialogue Health Technologies acquires assets of Koble Care for undisclosed amount
• Pelago Health raises $58 million in Series C round for telehealth services
• Notman House in Montréal up for sale, Guiker seeks community investors to acquire it

Ontario’s $12 million Health Technology Accelerator Fund

The Government of Ontario has taken a significant step in supporting the healthtech sector by allocating $12 million to establish a Health Technology Accelerator Fund. Read more