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25 January 2013

The North West Fund for Digital & Creative supports new CEO and Chairman in mobile healthcare investment

Press Release 25th January 2013

The North West Fund for Digital & Creative, managed by AXM Venture Capital Limited, has made an equity investment of £150,000 into Liverpool-based Med ePad Limited, alongside a personal investment from new management.

A sister fund, The North West Fund for Biomedical managed by SPARK Impact had previously backed the company, and AXM and Spark willco-manage the investment.

The North West Fund for Digital & Creative is part of The North West Fund and is financed by the European Regional Development Fund and the European Investment Bank.

The investment will fund the company's ongoing trials of the Med ePad system with customers within the NHS through to full scale commercial implementation later in 2013.

In addition to its financial support, AXM was able to introduce a new chairman Tom Nawojczyk and new chief executive John Hopkins, to work with Med ePad's founder Rob Connell to deliver the team's vision of a tablet-based mobile healthcare system. Med ePad aids practitioner-patient engagement, and improves patient compliance and health outcomes.

Tom Nawojczyk and John Hopkins previously led in4tek Limited, a successful patient-centric healthcare systems vendor, which they sold to Civica in 2009.

The North West Fund has cumulatively led £500,000 of equity investment into Med ePad, including investment from the new management team.



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