Medtech Startups London #1 BEST 2020 UK Guide
So to help you keep track of some of the healthiest (Ed: groan…) players and shakers on the ward right now here’s a list of some of the top scaleups and across the UK to keep an eye on in 2020.
1. Babylon Health
Babylon’s mission is to put an accessible and affordable health service in the hands of every person on earth which is a big statement but what is without doubt is that they’ve already made ground breaking and rapid progression in the UK by partnering with NHS Trusts such as Hammersmith & Fulham.
Babylon’s AI has been designed around a doctor’s brain to provide accessible healthcare for millions in the palm of their hands, however they actually are making greater in-roads into the private company health care market.
With existing operations in the US, UK, Canada, Rwanda plus multiple countries across APAC and the Middle East, Babylon are a unicorn level startup to watch.
BenevolentAI was founded in 2013 by Ken Mulvany and has a £200m+ funding level.
Benevolent’s mission is to transform the way medicine is designed, developed, and tested by taking in millions of data points.
Benevolent then processes them using A.I. to discover new ways to develop better medicines and learn through data how patients respond to treatment generating insights into the actual causes of the disease.
3. Touch Surgery
Learn, prepare and test on surgical procedures, anytime, anywhere.
Touch Surgery combines core concepts from gaming and surgical training to allow healthcare professionals to learn and teach surgical procedures all on their mobiles.
Thriva was started in 2016 with the aim of building the world’s first preventative health service as there is no simple and convenient way to track what’s really going on inside your body which means most people are forced to wait until something goes wrong until they can react – Thriva want to change that.
Thriva does this by letting you understand what’s really going on inside your body such as with smart finger-prick blood tests you take at home.
Autolus, founded by Martin Pule, uses of advanced cell programming and has an early stage development pipeline of products to try to treat solid tumours and haematological malignancies better.
Autolus’s mission statement to revolutise medicines that treat and cure life-threatening diseases.
6. Hinge Health
Hinge Health (Founders: Dan Perez, Gabriel Mecklenburg) is a digital health company that makes use of both hardware and software to tackle musculoskeletal injuries.
Hinge Health do this using tech such as dedicated software and wearable sensors to remotely deliver physical therapies as well as behaviour based health to patients suffering from chronic “MSK” conditions.
Medopad (Founders: Dan Vahdat, Rich Khatib) develops apps that connect patients with medical professionals and organise patient’s data from wearables, medical databases and other sources.
Medopad then transmits this data safely and securely to doctors.
uMotif (Founded by Bruce Hellman, Ben James) is a healthcare data capture firm that has developed a software platform to provided patient facing technology to capture data.
This data can then be used for clinical research.
If you like our Guide do also checkout our full UK Startups and London Startups 2020 Guides as well as our categories guides for Ethical Startups London, Food Startups London, Biotech Companies, Ecommerce Startups, Healthcare, Legal, Medtech, Travel, Wealthtech, RegTech, Sport Companies, Adtech companies, Agritech UK, InsurTech, Energy Startups, Fashion Startups, AI companies, Blockchain Companies, FinTech UK, Edtech Startups and GovTech Startups.
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What is a medtech technology?
A health technology is the application of organised knowledge and skills in the form of devices, medicines, vaccines, procedures and systems developed to solve a health problem and improve the quality of our lives.
Where are the boom areas on medtech startups?
The growth areas outside of the normal investment categories are digital health and the application of AI into health, drug development and research
Which are good examples of medtech startups?
Probably the biggest and best example of a medtech startup in the UK is Babylon Health which is partnering with both the NHS and private healthcare companies to provide Digital Health services
Is working at a medtech startup a good career move?
Very much so. Not only do you get to work on good you will work with technologies which have a huge market if you get it right. You will also have the opportunity to move into a traditional pharma or work internationally applying the same tech say in a developing market where arguably there’s more need. The market really is primed for huge growth