PULMOTECH RECEIVES FUNDING FROM CARDUSO CAPITAL

Groningen, October 2019

We are very proud to announce that VentureLab Alumn PulmoTech has received funding from Carduso Capital.

PulmoTech, a young startup located in Groningen, develops a special catheter to guide mechanical ventilation more precisely in patients admitted to the Intensive Care.

Around 30-60% of the patients admitted to the Intensive Care receive mechanical ventilation. Although it is a lifesaving therapy, mechanical ventilation can also lead to injury to the respiratory muscles and the lungs. Mechanical ventilation can cause weakening of the diaphragm, the most important muscle during inspiration, because the patient does not utilize the diaphragm sufficiently. Consequently, a great number of patients experience problems breathing spontaneously after being mechanically ventilated for a long period of time. These complications emphasize the need to accurately and continuously monitor the function of the diaphragm and the lungs during Intensive Care admission.

Current techniques usually measure outside the body. However, it is necessary to assess what the patient is doing (breathing effort) and what the patient needs (support), to prevent unnecessary damage to the lungs and the respiratory muscles. The catheter developed by PulmoTech, an innovative small tube with special sensors, is inserted via the nose or mouth into the esophagus, allowing the possibility to accurately measure the function of the respiratory muscles and the lungs inside the body. This enables additional diagnostic possibilities, individualizing mechanical ventilation, to ensure patients can breath spontaneously as soon as possible. PulmoTech expects that the catheter will have important benefits in comparison to the current technologies available on the Intensive Care.

The investment of Carduso Capital enables PulmoTech to initiate the last phase of the catheter’s clinical development, where the benefits of the catheter will be verified, and start up the production phase. PulmoTech expects that the first catheters will be ready for the market mid-2021.

More information about PulmoTech and its innovative catheter will be available soon on: www.pulmo-tech.com

VENTURELAB WELCOMES GROUP 10

Groningen, May 2019

On 24 May, the tenth group to enter into VentureLab had their kick-off. We are very proud to have reached this milestone since starting VentureLab North in December 2014.

EV BIOTECH RECEIVES FUNDING!

Groningen, December 2018

Shifting the chemical market from petrochemical-based to bio-based compound production. A revolutionary step for a more sustainable world.

EIT Health VentureLab alumn EV Biotech has been granted investments from Carduso Capital, UMCG-Hanzepoort and RUG Houdstermaatschappij to develop their microbial cell factories.  EV Biotech creates micro-organism that effectively produce high value chemical compounds in a biological fashion. These organisms will be used for industrial scale production of these chemicals. The method EV Biotech uses to create their cell factories is revolutionary to the field. EV Biotech has created a digital laboratory to test all cell possibilities in advance, limiting time, waste, expenses and carbon footprint. A green and biological way to produce molecules used in Fragrance, Flavor, Pharma, Plastic, Agricultural and Fuel industries. EV Biotech was founded by 3 former PhD students from the University of Groningen.

EV Biotech creates a new production platform for high value chemicals using computational modelling and micro-organisms. The production of the molecules will be biological, green and effective. Products made through this platform are of high purity, which is often hard to reach with chemical synthetic production. EV Biotech has been operational since July 2018 and is kicking off its laboratory activities now in the InnoLab AgriFood on the Campus Groningen. The technology used by EV Biotech creates a more sustainable production platform. EV Biotech has created a digital laboratory that can predict the most effective organism to produce specialty chemicals.

“The investment in EV Biotech will allow the company to prove the effectiveness of their novel production pipeline by creating 4 proof of concept micro-organism factories which will be implemented into the market. EV Biotech serves the need of great chemical production firms. The investment together, with RUG-Holding and UMCG-Hanzepoort will help EV Biotech to break the petrochemical based chemical market to become bio-based.” Says Koos Koops, one of the Carduso fund managers. Founder and CEO Linda Dijkshoorn adds: “To reach a sustainable future we need to move away from chemical synthesis and use natures inventions to our advantage. Having 3 strong partners as investors will help us achieve this goal faster and more effectively and to reach this goal we have doubled our team with 3 new expert PhD’s. We are very thankful for the amazing network present in Groningen and partners like VentureLab North and Fit professionals of Finance have helped us enormously in our journey”. EV Biotech will work on their proof of concepts in the coming two years to enter the market with their proof of concepts and to start CRO activities.

Patrick Brouns as representative of the province of Groningen, also a partner of Carduso Capital through its Investeringsfonds Groningen (IFG) says: “Because of the possibilities Carduso Capital has to offer new initiatives, potential ‘hidden gems’, will come to the surface and further energise the regional economic activity; one of our main goals with IFG.”

For more information: www.evbio.tech

RELIEVR EUROPEAN ACCENTURE HEALTHTECH INNOVATION WINNER

Groningen, November 2018

On 15 November EIT Health VentureLab participant RelieVR participated in the European round of the Accenture HealthTech Innovation Challenge and were named Best European HealthTech Startup and are in the running to be crowned Innovation Champion on January 7 in San Francisco.

RelieVR joined the VentureLab programme in June 2018 and as VentureLab we are very proud of their achievements so far, and look forward to the next steps!

RelieVR is the new Virtual Reality Application for Chronic Pain. For more information, check out painrelievr.com

EIT Health VENTURELAB ALUMN RECEIVES FUNDING

Groningen, July 2018

EIT Health VentureLab alumnus CC Diagnostics has been backed by Carduso Capital, taking the next step towards the launch of their cervical cancer screening technology!

CC Diagnostics joined the VentureLab programme in 2016 and after completing the programme in 2017 have continued to develop in a steady pace.

VentureLab is proud of this next major step in the development of CC Diagnostics and their product.

For more information, check out cc-diagnostics.com