The Innovate UK Business Growth Scaleup Programme supports a select group of companies on a journey to exponential growth. TriMedika is proud to have been accepted, following a rigorous three-stage screening process.
The initiative will help TriMedika scale up its world leading digital services and technology innovations.
The programme is designed to support highly innovative, ambitious, high-growth oriented companies already on their scaling journey, whose innovations or business models can disrupt an existing market, and who are establishing or already implementing their international markets strategy. The priorities for participants can for example include one or more of: finance and funding strategy, structuring for scale,, internationalisation through to laying the groundwork for an IPO.
At the centre of the service is a team of high calibre scaleup directors who operate together as a board and provide each of the companies on the programme with a matrix of skills and connectivity. The scaleup directors will help TriMedika work with the company to understand the particular set of needs that it faces on its scaling journey and help it take decisive steps towards game changing investment and expansion on the international stage.
“We are thrilled to be chosen for the Innovate UK Scaleup Programme,” said Paul Molloy, CFO and Co-Founder of TriMedika. “This program offers invaluable resources and expertise that will be instrumental in accelerating our growth trajectory and bringing TRITEMP™ to a wider audience.”
Maxine Adam, Head of Business Growth at Innovate UK, says, ‘Our work with the TriMedika team is a great example of just how much value this programme can add to the endeavours of the business leaders we support. The inputs are varied and blend strategic thinking with invaluable hands-on tactical guidance, to create outcomes that deliver real commercial advantage. It’s a pleasure working with the TriMedika Directors at this pivotal time for their business.’
Speaking about the programme, she adds, ‘Admission onto the Scaleup Programme is a rigorous and highly selective process. To be eligible, selectors look for innovative, ambitious, high-growth oriented companies that are already on their scaling journey. TriMedika is a perfect candidate in this respect and we are looking forward to helping it scale up, drive growth, and realise its potential as a high-performing and world leading business’.
TriMedika is an innovative medical technology company that provides the most accurate clinical devices for hospitals worldwide. We look healthcare challenges in the eye and make a promise to protect people and planet through meaningful technology. We are inspired by our own first-hand experience of the challenges of healthcare. By asking the right questions, and applying fresh thinking in science and technology, We solve simple but critical, everyday problems.
About Innovate UK Business Growth
Innovate UK Business Growth is Innovate UK’s national business growth and scaling service. We empower ambitious innovation-focused SMEs in every sector and from seed to scaling stage, to succeed and become highly investable.
Our specialists are embedded in all nations and regions and help leadership teams from client businesses hone the commercial strategy around their innovations. This extends to support, in the form of advice, access to resources and introductions to partners, across priority areas such as effective innovation management, internationalisation and investment readiness.
The most dynamic scaling businesses may be eligible for the Innovate UK Business Growth Scaleup Programme. This offers enhanced support via an expert Scaleup Board and its extended connections, that prepares clients for serious fundraising and international expansion.
www.innovateukedge.ukri.org
