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20150226 novio sense

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20150226 novio sense

  1. 1. Founder CEO Dr Christopher Wilson PhD Uk – University of Hull Research Associate University of Pennsylvania Smith and Nephew Wound Management Global Operations Shareholder of NovioTech BV Founder of NovioSense BV Expertise Soft Polymer Materials and Coatings Advanced Wound Management Continuous Glucose Measurement Highlights Founded and closed Pre-seed and seed investment of NovioSense BV Team leader of 4 medial device product developments Led multicultural and interdisciplinary teams spanning EU, US, Canada and China Co-Inventor of Dendrimersomes, Heli[x] and NovioSense
  2. 2. NovioSense • NovioSense BV – Venture Backed Medical Device Company Lead Partner of NovioSense Project • NovioSense Project – European Horizon 2020 and EFRO funded project 16 partners €3M • NovioSense – Wireless Powered Sensor Device Confidential 3
  3. 3. Confidential 4
  4. 4. Non-Invasive Glucose Measurements in Tear Fluid for Diabetes Type 1
  5. 5. NovioSense
  6. 6. Flexible Ocular Insert for Glucose Measurement
  7. 7. NovioSense Device
  8. 8. Funding? “How do I keep this going until we hit the market?”
  9. 9. Twitch was sold to Amazon for $970 M after eight years – Justin Kan
  10. 10. Resilience Leads to Success 8 out of 10 start-ups fail The statistics do not tell the truth Success comes from having the resilience to keep going after 80% have quit and gone home “if you have smart people working on trying to make something people want and they don’t give up, they will eventually be successful.” – Justin Kan
  11. 11. Subsidy and Equity
  12. 12. Confidential 14 Equity Partners
  13. 13. Confidential 15 The European Union set up INTERREG in the 1990s under the structural funds in order to promote cross-border cooperation. Subsidy for Rein-Waal region 60% Subsidy 40% Equity
  14. 14. Equity and Subsidy Working In Perfect Harmony 360 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 1 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 TIme Equity
  15. 15. The good and the bad Subsidy allows us to carry out high risk high gain developments Subsidy can bring partners together to carry out applied research Cash flow is a killer
  16. 16. Horizon 2020 BioGel
  17. 17. Horizon 2020 BioGel Biointegrative coatings for advanced sensor technology
  18. 18. Horizon 2020 BioGel Biointegrative coatings for advanced sensor technology

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