13-05-2025
NHS trusts back £30m venture fund to aid medical tech firms
Venture capital firms General Catalyst and Speedinvest have teamed up with National Health Service trusts to create one of the first NHS venture funds helping medical tech start-ups to launch in Britain.
They have raised over £30 million for the new fund, run by Meridian Health Ventures, and pledged to 'fast track' innovative start-ups by helping them secure trials and win work in the UK, so avoiding the need to go to the US market to get their innovations tested.
The trusts include Guy's and St Thomas', King's College Hospital and University College London, as well as the American hospital groups Cedars-Sinai Medical Center and Hartford HealthCare.
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