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Founder(s) name: Oscar Collins
Company Name: Samoco
Industry Sector: Healthcare
Our Brand/Product: Samoco designs novel medical devices for the efficient transport of blood in challenging climates, both by road, and by drone. Our devices reduce blood wastage in transit in hot climates over long distances through a combination of temperature, pressure, and motion controls. You are 50-60 times more likely to die after trauma in low and middle-income countries compared with high-income countries due to the lack of useable blood - we aim to change that.
Our Story: Samoco was born out of the glaring need for improved solutions to blood delivery in extreme climates and disaster zones. We formed a diverse team of biomedical scientists, healthcare technologists, and engineers, driven to tackle the challenge of improving outcomes for trauma patients in select regions of the world, who don’t have sufficient supply of usable blood. Shocking statistics for mortality following trauma injuries for almost half of the world population inspired us to design a novel device that challenges biology and physics, to deliver the blood that will save people’s lives. To date, we’ve conducted extensive market research, both in the medical field surrounding blood delivery, and the fast-growing drone industry, with the aim to build a life-saving device that unites the worlds of healthcare and aerospace technologies. We have utilised advanced CAD (Computer Aided Design) simulation technologies to continually refine our designs and are preparing to develop a functional physical prototype. We’re also exploring opportunities to establish partnerships with drone and medical device manufacturers, as well as improving our business model and commercial strategy.
Next Phase: Elevate will allow us the unique opportunity to network with industry experts and other founders, both of whom we aim to learn from and grow. We hope to gain valued business support, as well as support with navigating the world of medical technology start-ups, such as regulation, legal, and financial landscapes. We are excited to learn from the expertise and experience of industry experts, and utilise the knowledge and skills developed in incubation to maximise the potential of our business. The next phase for the business is to develop a strong business strategy that will empower us to source investors and partnerships and produce a physical prototype to take our designs to the next stage of the product lifecycle.
Get Involved: We are looking to raise £55,000 to take us to the next stage. This will include prototyping and testing (£15,000) and IP and regulatory costs (£40,000). We will likely require additional funding in the year following this, to continue navigating the regulatory pathway and secure IP in other regions we aim to serve globally. Investors have the opportunity to get involved in an exciting, life-saving venture with huge market potential. We are also open to exploring partnerships with drone companies who have/wish to enter the medical transport industry.
Email: oscar.collins@samoco.co.uk
Phone: 07728827970
Website: www.samoco.co.uk