Liverpool-based cofoundery Nova has secured a further £500,000 in first round funding to launch five new digital health startups.
The new startup concepts include wearable tech products and mobile apps, and the investment allows Nova to continue working with the founders to develop the startups from their current early stage through creating a brand, developing a prototype and completing initial market tests over a four-month period.
Nova’s unique ‘cofoundery’ process is aiming to revolutionise innovation across the health industry by facilitating more “clinical entrepreneurs” and those working in the health industry to start a startup alongside their day job.
Nova does not charge any fees to the entrepreneurs, instead sharing an equity stake in each startup as a ‘cofounder’. This provides entrepreneurs access to the expertise of the entire Nova startup team to guide and build their startup, meaning they don’t have to quit their day jobs, until the time is right.
