SUBMISSION GUIDE

Finance Qualifying Criteria

  • The business has an established presence in South East Wales and/or Monmouthshire or is prepared to locate part or all their business to the region.

  • Overseas companies wishing to bring their products or services to the UK market will qualify for support if they have or are prepared to have a UK entity located in the region

  • Demonstrate the creation of new employment opportunities and potential benefits to local suppliers

  • Availability of match funding which can be sourced by client or from MedTech Wales project partners

Product or service directly involved or affiliated to the Med Tech sector.

KEY CONSIDERATIONS

  • Technology to allow remote monitoring and diagnostics

  • BIG DATA using AI as predictive analysis

  • Devices to aid clinical investigations

  • Intellectual property

Application Process

Whilst the fund is looking to encourage innovation and ideas ultimately the principal objective is to see viable businesses locating in Monmouthshire and bringing economic benefit to the region alongside delivering improvements in health care and well being.

‘GREAT PRODUCTS AND SERVICES DO NOT ALWAYS RESULT IN A GREAT BUSINESS’

Grants and match funding support may be available for the production of business plans subject to qualifying criteria.

Finance 

History has seen many great ideas never getting off the ground because an innovator does not understand how to commercialise their product or service and bring it to market. MTW is looking to not only be excited by new med tech products and services but wants to ensure that there is proper consideration in respect of routes to market and the evolution of a viable business.

Applications in the form of Information Memorandums that focus purely on raising money to develop ideas to see if they are viable – pure equity/ start- up angel/venture capital is not where the fund is aimed

FUTURE FUNDING IS EQUALLY AS IMPORTANT AND PRODUCT DEVELOPMENT’  

With the above in mind the Application process should follow the following steps:

  • Business Plan and supporting financial forecasts to Capital Kinetics Ltd

  • Successful applicants invited to ‘pitch’ to Med Tech Wales Board

  • Offer Letter with appropriate conditions including ‘match funding’ requirements issued

  • Terms and Conditions accepted

  • Legal Documents issued

Completion on receipt of legal documents and conditions precedent

It is acknowledged that not all businesses will necessarily be able to produce a Business Plan to get an application underway. In such cases Capital Kinetics Ltd can support a prospect business, with strong med tech propositions, in producing the required Business Plan.      

Email your executive summary or pitch deck to applicant@medtechwales.org .

ABOUT MED TECH WALES

MEDDYGOL TECHNOLG LIMITED is a private sector innovation lab run in partnership with Capital Kinetics Limited.  Our mission is to create a fraternity of like minded businesses in the region setting out a platform for collaborative growth.

QUICK LINKS

CONTACT US

Phone: 0330 113 0311
Email: hello@medtechwales.org
Address: 
Innovation House Newport Road Magor, Caldicot, Gwent, United Kingdom, NP26 3DG

© 2020 by Capital Kinetics Limited.