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Discovery Park in Sandwich backs Angels in MedCity funding initiative

By Chris Britcher

One of the county's science parks is teaming up to help healthcare firms raise finance.

Sandwich's Discovery Park has united with MedCity which runs the Angels in MedCity initiative.

It links new and existing business angels - affluent individuals who invest in start-ups in exchange for equity - to investment opportunities in the healthcare and life sciences sector.

Discovery Park in Sandwich is backing the Angels in MedCity scheme
Discovery Park in Sandwich is backing the Angels in MedCity scheme

The initiative has raised over £20million so far for 25 companies.

With a particular focus on diagnostics, digital health and medical device technologies, Angels in MedCity is delivered by MedCity and Newable Private Investing with further expertise from Angels4LifeSciences.

Discovery Park will be supporting several workshops and pitching events over the next year.

Angels in MedCity will help finance health start-ups (9000207)
Angels in MedCity will help finance health start-ups (9000207)

Mayer Schreiber, CEO of Discovery Park, said, "Recognising the importance of access to finance as a driver of life sciences company growth, we are pleased to support the highly effective Angels in MedCity programme.

"Interaction between the life sciences community here at Discovery Park and Angels in MedCity is expected to be beneficial to both sides. We believe this is the start of a productive relationship with MedCity as it works to build the life sciences industry in the south east."

Sarah Haywood, CEO of MedCity, added: "Discovery Park is building a thriving life sciences tenant and investor community, and we look forward to working with it to help companies access the capital they need to grow. Angels in MedCity is proving itself to be a highly effective initiative and we thank Discovery Park for its support."

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