# Med tech innovators pitch for the chance to raise funding to save lives Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-03-04 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Discover groundbreaking innovations at Med Tech Investment Meta Description: Explore the groundbreaking innovations presented by entrepreneurs in the merging medical and tech industries at the inaugural Med Tech Investment Showcase. URL: https://financedigest.com/med-tech-innovators-pitch-for-the-chance-to-raise-funding-to-save-liveshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/press-shot-high-res-1736844121911-compressed.jpg) 16 entrepreneurs were given the platform to realise their ambitions by exhibiting and pitching for significant investment to develop their innovative ideas and push them out to a wider market. The merging of the pioneering medical and tech industries has created a wealth of opportunities, which is something the inaugural Med Tech Investment Showcase explored yesterday (2 March) in London. Healthcare innovators have the power to improve and save lives by developing products such as prosthetic limbs and wearables for conditions such as respiratory attacks and hip fractures. Taking these innovations to the next level by [securing funding](https://www.financedigest.com/adnami-secures-series-a-funding-from-qntm-group.html "Adnami secures series A funding from QNTM Group") is a fundamental requirement for success. This is the aim of Wessex Academic Health Science Network (AHSN) and SETsquared, who have joined forces along with the AHSNs from across the south, to help entrepreneurs [change lives](https://www.financedigest.com/how-technology-has-changed-our-lives.html "How Technology has Changed Our Lives") for the better by holding this showcase event. The ingenuity of these [innovators means there is now a range of products](https://www.financedigest.com/product-innovations-and-advancements-in-technology-to-boost-automotive-ignition-system-market-growth.html "Product Innovations and Advancements in Technology to Boost Automotive Ignition System Market Growth") and designs that will positively impact on an individual’s quality of life – and in some cases could even save them. Some of the businesses who pitched at the showcase include: - Open Bionics – which turns children with limb disabilities into **bionic superheroes** - Fourth State Medicine – which has created a **wrinkle-busting plasma pen** which can also be used to treat ulcers, burns, bed sores and military wounds - Jupiter Diagnostics – which has developed a method for **faster and cheaper** [blood testing](https://www.financedigest.com/feasibility-of-interoperability-to-drive-the-blood-testing-market.html "Feasibility of interoperability to drive the Blood Testing Market"), using a low-cost handheld reader delivering results in ten minutes - Propagator Ltd – which is developing a suite of [digital products](https://www.financedigest.com/the-wound-cleanser-products-market-to-climb-up-the-ladder-based-on-digitization.html "The Wound Cleanser Products Market to climb up the ladder based on digitization") to **improve the lives of the 15m patients** in the UK with long-term conditions and save costs for healthcare providers The businesses pitched to 100 angel, venture capital and corporate investors at the showcase led by Wessex AHSN, with [global leading](https://www.financedigest.com/surgical-imaging-market-2021-global-leading-companies-analysis-revenue-trends-and-forecasts-2027.html "Surgical Imaging Market 2021 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027") university incubator SETsquared. Nicola Blackwood, Minister for Public Health and Innovation said: “It’s fantastic to see Wessex AHSN and others playing such a proactive role in identifying and [supporting the type of innovations that can deliver tangible improvements in productivity](https://www.financedigest.com/the-cancer-supportive-care-products-market-to-stay-innovatively-persistent.html "The Cancer Supportive Care Products Market to stay innovatively persistent") and patient outcomes. The event illustrates exactly why we see AHSNs as such a crucial part of the [system in driving innovation](https://www.financedigest.com/stellar-innovation-to-drive-the-airway-clearance-system-market.html "Stellar Innovation to drive the Airway Clearance System Market") throughout the DNA of the NHS – ensuring that patients and health and care services benefit from the latest advances in medical science.’’ Frank Ratcliff, senior project manager – wealth and enterprise at Wessex AHSN, said: “The Med Tech Showcase was a great [success and demonstrated the work](https://www.financedigest.com/how-to-make-hybrid-working-successful.html "How to make hybrid working successful") that both Wessex AHSN and SETsquared are doing. We want to support UK companies to grow, while getting better outcomes for patients, and better value for money for the NHS. We support [companies with products at any stage](https://www.financedigest.com/debt-strategies-for-funding-early-stage-companies.html "Debt Strategies for Funding Early Stage Companies") –  from ideas on the back of an envelope, right through to full-scale use, and today’s event was an important part of that support process.” Daniel Jones, of [online investment platform](https://www.financedigest.com/brand-strategy-tactics-for-an-online-learning-platform.html "Brand Strategy Tactics for an Online Learning Platform") SyndicateRoom, said: “The start-up companies I saw exhibiting and pitching were very innovative. The [technologies have a huge range of applications outside of the med tech sector](https://www.financedigest.com/why-trust-and-technology-are-the-perfect-partnership-to-rebuild-the-financial-sector.html "Why trust and technology are the perfect partnership to rebuild the financial sector") as well, and are addressing large markets – which makes them very interesting. “It’s also such a great [opportunity](https://www.financedigest.com/thoracic-drainage-devices-market-rising-new-business-opportunities-for-investors.html "Thoracic Drainage Devices Market Rising New Business Opportunities for Investors") for these companies to pitch to such a wide variety of investors.” The investors were specifically looking for products and services that can [save the NHS money](https://www.financedigest.com/the-top-strategies-for-saving-money-on-energy-costs.html "The Top Strategies for Saving Money on Energy Costs") while also offering a broad commercial appeal – with excellent prospects to make a financial return. The showcase was also [supported by AHSNs from the West](https://www.financedigest.com/russian-missiles-rain-down-on-ukraine-as-west-pledges-enduring-support.html "Russian missiles rain down on Ukraine as West pledges enduring support") of England, Kent Surrey and Sussex, and the South West. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---