Home > Company News > Medical innovation, big data, online tutoring, live investor streaming and health food innovation aiming to grab the attention of the Dorset Business Angels
Medical innovation, big data, online tutoring, live investor streaming and health food innovation aiming to grab the attention of the Dorset Business Angels
Posted on: 03/06/2021
The 3rd online Dorset Business Angels (DBA) pitch event of 2021 takes place on Monday 14th June. A medical innovation business which has developed a non-contacting solution for diagnostics is hoping to grab the attention of the Angels.
In many areas of medicine and healthcare, it is necessary to either contact the patient or take a blood sample in order to obtain a measurement of their health status. This Company has a non-contacting solution that simply shines light into the eye and detects the return signal in order to screen for, diagnose, and monitor some of the major chronic health conditions of our time. Set up in September 2019, the two founders have 30 years of experience in medical device development. They now have a team of 25 who have developed their first product, which is scheduled to launch later this year.
They believe that the revenues from this product will help them to become cash positive during 2022. The business is seeking to fund the development of longer-term global opportunities in this field.
Other pitches include:
· A big data business that sees a huge opportunity to make its ‘customer tracking’ technology available to a much wider market of retail and hospitality businesses in the UK and US, at a fraction of the cost required to support an existing national platform. It has its own platform up and running with its first client signed up and discussions are ongoing with the major credit card companies who want to move into this area of loyalty tracking. They now seek £150K to optimise their system and make it even more appealing to their potential ‘big-data’ clients.
· A company that has developed a platform to host and showcase start-up businesses to a global audience of investors, thereby improving the probability that they will secure funding without the time, expense and effort required to undertake numerous pitches to potential investors. They have now attracted a diversified pool of start-ups to their platform from 30+ countries and 50+ market sectors and seek funding to be able to continue this rapid growth.
· An online tutoring business which is a major provider of high-quality British education – online tutoring and e-learning – to children in China and South East Asia, where there is a huge demand for UK courses. At present, there is no other resource for parents in these countries to access a quality education service such as this. Founded in 2004 as a ‘face-to-face’ tutoring business in London, they opened offices in Dubai in 2012 and Shanghai in 2018. Today, they have over 1500 vetted and trained tutors and a team of 75 in both London and Shanghai.
· A business in the Health Food sector. Whilst sales of Vegan and ‘free-from” products are booming, particularly in the plant-based drinks and imitation meat sectors, this business identifies that there is a real lack of consumer choice in other sectors of this market. In addition, this company believes that they will be able to significantly improve the taste of some of their competitor’s products currently on sale. Their aim is to produce products that are so delicious, that you don’t have to have an allergy or be vegan to want to eat them. Launched in December 2020 they have already secured a listing for their chocolate bars with a national food chain and have two further snack products that have successfully completed trials and are set to be listed in July. They are seeking funding to allow them to be able to introduce more new products and scale up the existing business rapidly.
|Dorset Business Angels Chairman, Don McQueen advised, “We encourage would-be investors to get in touch with us and be involved. We are enjoying growing levels of interest at all our events and it’s a great opportunity to come along to learn more about the Angel Investor network and how we operate. There is absolutely no obligation or expectation for an individual to invest at all. If you would like to get a ‘taster’ of what it’s like to be an Angel investor, please do get in touch and come along!”
DBA was formed in 2013 with the aim to bring investors and entrepreneurs together to accelerate the growth of early-stage businesses. DBA provides quality, private equity investment opportunities to local high net worth (HNW) and sophisticated investors (SI).
Four times a year companies are invited to attend an event at which they pitch their business to the savvy Angels in a Dragon’s Den type scenario. Angel investment might come from a single investor or it could be 2 or 3 Angels pooling funds together to support a company. Any investments are in the form of an equity investment and not a debtor’s loan. Investments are made across all sectors.
DBA is sponsored by Saffery Champness Accountants, Ellis Jones Solicitors and Investec Wealth and Investment. To find out more about Dorset Business Angels or to book on to the pitch event visit www.dorsetbusinessangels.co.uk
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