Neonatal Medtech Spin-Out from the University of Nottingham Scoops £1million Investment.
Midlands Innovation Commercialisation of Research Accelerator (MICRA) partner institution the University of Nottingham, have welcomed the news that one of their medical technology spin-outs has secured investment worth £1million.
SurePulse are behind a revolutionary newborn baby heartbeat monitoring device is set to explore foreign markets and grow its product portfolio thanks to £1m secured from existing and new, private investors.
SurePulse Medical Ltd, based at Medicity in Nottingham, was established in 2014 as a joint venture between the University of Nottingham and Derby-based Tioga Ltd – combining academic strength with the expertise of one of the UK’s top electronics manufacturers.
SurePulse’s CEO James Carpenter said:
“Despite the uncertainty surrounding the coronavirus pandemic, investors continue to be upbeat about the long-term commercial potential of the business, and have reinforced this through the new investment. “The need for innovative medical devices is more important than ever as our healthcare systems experience unprecedented pressure. This investment will help SurePulse to drive market-share gains and continue its exciting product development plans.”
The company’s first product – the award-winning SurePulse VS – is the world’s only wireless heartrate monitor specifically designed for newborn babies.
With one in 10 babies needing resuscitation or stabilisation at delivery, doctors often need to check vital signs continuously to guide optimal care in those critical first few minutes of life in a bid to reduce the risks of long-term neonatal health complications such as brain damage.
With the SurePulse VS, a baby’s heartrate is measured by a forehead sensor that sits inside a specially designed, disposable cap, which transmits pulse information back to a wireless display. The device provides simple, hands-free, accurate, and uninterrupted monitoring; enabling clinical staff to make fast, confident decisions and focus on performing procedures in time-critical situations.
SurePulse VS was awarded its CE mark in 2019 and has been trialled in NHS hospitals on over 300 newborns. Adoption of the device across the NHS (and other medical providers) presents far-reaching gains in neonatal healthcare; potentially saving the lives of new babies, heartache for their families and costs for the health service.
The optical sensor technology underpinning the hands-free heart monitor was developed in the Faculties of Engineering and Medicine at the University of Nottingham. The research teams were led by Professor Barrie Hayes-Gill and Dr Don Sharkey – both academic co-founders at SurePulse Medical.
Professor Hayes-Gill reflected:
“It is a great achievement to see a medical device that was designed and trialled by our collaborative research groups reach clinics around Europe. SurePulse is another spinout success story and one that aligns with the UK Government’s Industrial Strategy to commercialise research and deliver skills and jobs in STEM fields.”
SurePulse Medical Ltd is committed to developing innovative and user-centric solutions to unmet clinical needs, which will ensure that newborn babies get the best care possible. The company has won multiple awards (Medilink East Midlands Startup of the Year 2018 and Innovation Award 2019) recognising the achievements of is 15-strong team of engineering, clinical, commercial and operational talent. The SurePulse VS is a heart rate monitor designed for newborn care. Its single-use sensor cap comes in five sizes to cover the full range of newborn head circumferences. The touchscreen-operated and battery-powered VS Display connects to the cap via wireless pull-out Modules. The system is CE-marked and available for sale across the UK and Europe via our distribution network.