MedTech Concept
Problem
Diabetics injecting insulin currently use large cumbersome medical devices in the form of insulin pens and medical syringes (not designed for self injection) up to six times a day. The syringes are far from portable and attract attention when used in public places. The pens are portable but bulky, difficult to carry on the person, are easily broken and need to be refrigerated to preserve the insulin which degrades with heat.
Solution
We will bring our miniature injection device Minipen to the following markets:
- People with diabetes injecting insulin (Type 1 & 2)
- Cosmetic markets
- Medical vaccination & Immunisation programmes
- Veterinary Use
Manufacturing of the Minipen is due to begin in August 2021 subject to financing having been secured in January 2021.
We have a pipeline of 15 clients, two distributor’s have already signed contracts and we expect to sign by the end of January 2021.
We are seeking Trade Finance to fund 12 months of OPEX and the CAPEX required to set-up a production line with US Company Darco Corporation.
Details of the finance required can be found in a separate document referenced as Debt Market Proposal.
Small investors can obtain shares in the Swedish company please ask for details.
A private placement offer has been created for corporates to support the company via a convertible loan, giving the option to have the loan repaid after two years or converted into equity/stock at a pre-agreed price.
Articles about MedTech Concept:
- February 2, 2024 Weekly funding round-up! All of the European startup funding rounds we tracked this week (January 28 – February 2)
- November 20, 2023 Innovating health: Highlights from the EIT Health InnoStars Grand Final 2023
- October 27, 2023 101 Top Medical Startups and Companies in Spain (2021)
- July 21, 2023 Seeking European innovators in advanced materials: RedZone’s new call is now open (Sponsored)
- May 19, 2023 Weekly funding round-up! All of the European startup funding rounds we tracked this week (May 15-19)
- March 22, 2023 Learn how EIT Health is supporting up-and-coming startups | Apply today to become one of them!
- September 2, 2022 Galway’s Ronspot picks up €1.1 million for its workplace management platform
- April 7, 2022 DayOne Accelerator 2.0 has launched! Join Switzerland’s leading digital health and medtech accelerator (Sponsored)
- March 25, 2022 Weekly VC Overview: All European startup funding rounds we tracked this week
- February 24, 2022 10 awesome Latvian startups catching our attention in 2022
- February 15, 2022 10 super promising Polish startups to keep an eye on in 2022!
- November 25, 2021 96 Top SaaS Startups and Companies in Germany
- October 27, 2021 101 Top Robotics Startups and Companies in France (2021)
- September 23, 2021 90 Top Biotechnology Startups and Companies in Austria (2021)
- July 2, 2021 Weekly VC Overview: All 126 European startup funding rounds we tracked this week (June 28-July 2)
- June 28, 2021 85 Top Medical Device Startups and Companies in Sweden (2021)
- June 14, 2021 87 Top Health Care Startups and Companies in The Netherlands (2021)
- April 23, 2021 “To prepare for fundraising, entrepreneurs should thoroughly think about the key make-or-break points of their business”: Interview with Picus Capital’s Founding Partner & Managing Director, Robin Godenrath