Seed funding
Early money from a partner who knows how long a device actually takes. We can fund in cash, in engineering effort, or in a mix of the two.
When seed funding from us is the right step
At the start of a company, when the device needs engineering and the founder needs capital from a partner who knows how long medical devices take.
Fund the first build
Equity participation helps a clinician or first-time founder pay for the early engineering.
Swap cash for engineering
Part of the development work is paid for in shares instead of cash, under engineering for equity.
Match capital to medtech time
Device programmes run through testing and approvals before sales. The capital is planned with that in mind.
What you bring, and what you get back
You bring
- The clinical need and the device idea
- Any evidence so far: workshops, bench data, a prototype
- Your view of the market and who will pay
- The founding team and the time each person gives
- The company, or your plan to form one
You get back
- An assessment of the need, the market, the route to approval and the team
- A proposed structure: equity, engineering for equity, or both
- Terms agreed in writing before work starts
- Engineering from the same team that designs our devices
- Governance set up from the start
What engineering for equity means
In engineering for equity, part of the development work is paid for in shares rather than cash. The founder keeps cash for other needs, and gives up a share of the company in return. It suits a founder with a strong idea and little capital. The amounts and terms are set for each programme and agreed in writing.
How seed funding works
Questions founders ask
How much do you invest, and for what share?
Amounts and terms depend on the programme. They are agreed in writing after the assessment, not set in advance.
Do I need a company before you invest?
Shares can only be issued by a company, so equity needs one. The early conversation and the assessment can start before it exists.
Can I use grants as well?
Grants and equity can sit side by side, subject to each scheme's own rules. Check those rules before you agree terms.
What happens after launch?
That depends on the model you choose. Build to Operate keeps us on as operating partner. Build to Transfer hands the whole company to you.
Capital from a company that builds devices
IF MedTech has designed and developed 40+ devices, with 41 engineers across nine disciplines and 2 ISO 13485 certified sites.
Not quite you?
Where this sits
Also in Co-Invest
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