20150226 novio sense
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Founder CEO
Dr Christopher WilsonPhD Uk – University of Hull Research Associate University of Pennsylvania Smith and Nephew Wound Management Global OperationsShareholder of NovioTech BVFounder of NovioSense BV
ExpertiseSoft Polymer Materials and CoatingsAdvanced Wound ManagementContinuous Glucose Measurement
HighlightsFounded and closed Pre-seed and seed investment of NovioSense BVTeam leader of 4 medial device product developmentsLed multicultural and interdisciplinary teams spanning EU, US, Canada and ChinaCo-Inventor of Dendrimersomes, Heli[x] and NovioSense
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
Confidential 4
Non-Invasive Glucose Measurements in Tear Fluid for
Diabetes Type 1
NovioSense
Flexible Ocular Insert for Glucose Measurement
NovioSense Device
Funding?
“How do I keep this going until we hit the market?”
Twitch was sold to Amazon for $970 M after eight years – Justin Kan
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
Subsidy and Equity
Confidential 14
Equity Partners
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
Equity and Subsidy Working In Perfect Harmony
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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
Horizon 2020 BioGel
Horizon 2020 BioGel
Biointegrative coatings for advanced sensor technology
Horizon 2020 BioGel
Biointegrative coatings for advanced sensor technology