CROWDFUNDING & MEDICAL DEVICES
Aseptium, to our knowledge, is the first Highland business to have successfully completed a crowdfunding campaign to develop medical devices. Twice.
With the first campaign funded in August 2016 and the second in July 2018 we raised just over £308k of funding from over 400 investors from all corners of Europe. This is a great crowdfunding result at any rate. Perhaps even more so if you take into account that Aseptium is a product-based brand in the life science sector. That niche that is not often represented in the crowdfunding universe.
Find funding for your niche
We specialise in decontamination of complex surgical instruments and are definitely the first medical devices business to have crowdfunded on Seedrs. Seedrs is an equity crowdfunding platform allowing the public to invest in businesses, startups or later stage enterprises across Europe.
“When we approached Seedrs, we asked them for a case study from our field, so that we could prepare our strategy, but they had none examples from the medical sector. We were the first ones, and showed it can be done,” says Pawel de Sternberg Stojalowski, Aseptium’s Founder and Managing Director.
Aseptium debuted on Seedrs in 2016, and returned for the second round in 2018, raising 285.4% (£156,974) and 167.9% (£151,167) of what we asked for, respectively.
Nurturing partnerships in the Highlands
The first campaign gave us means to establish our Highland offices and lab, attract talent (we now employ two engineers and a researcher), and develop a working relationship with HIE, Centre for Health Science and local health professionals. The second campaign gives us means to grow and increase position on the market.
“HIE’s support in our being here was – and is – tremendous. They have helped us make the most of our resources. We have grown as a business, developed new products and employed more people. Now it is time to step up even higher. We have successfully completed the second campaign and we are doing what we can to spread the word about innovation in Inverness and how life science business can utilise crowdfunding in their development strategy. Crowdfunding can be a great resource when done right. We want to share our knowledge so that more of us can take advantage and become case studies for the platform, and for the region.”
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