Role: 1104

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To apply for role, click 'here'

Non-Executive Directors (Non-Exec) are required for our client in the health technology sector, based in the Enterprise Lab, Imperial College, London.

The business concept is a productivity tool to relieve doctors from the burden of medical documentation.  To reconnect doctors with their patients and to enable doctors and patients to share medical records with the highest security, privacy and confidentiality standards.

The company is looking to strengthen their Board with the appointment up to three Non-Executive Directors to contribute to the growth of the company. 

The Non-Executive Directors will be encouraged to become a shareholder in the Company to align the incoming Non-Exec's interest with that of the existing Directors who are or plan to become shareholders.

Business Concept:

Our client was formed in early 2020 at Imperial College London with the aim of providing the most advanced and most secure digital technology that will automatically generate medical reports for doctors in real time.

  • The app is designed to interface between the doctor and the patient; it will give the doctor instant access to the patients list of treatments and past medical records and provide critical information about the patient.
  • Doctors will benefit from a time-saving tool that will automatically record medical information from a consultation and generate medical reports, in the format of the medical establishments’ choice.

Market & Opportunity:

  • The UK Health market value is £1.4 billion, and the global market is expected to grow to £225 billion in 2025.
  • 86% of doctors use their smartphones in their clinical activity (Patel et al, 2015). There are 290,000 Doctors in the UK and 1096private hospitals/clinics in the UK
  • Patients have a positive view on mHealth and are expecting it to improve the way healthcare is delivered.

Client Proposition: 

The investment they require to launch and run their operations will be a total of £1.41 million by the end of February 2022, split across three phases, including the £32K pre-seed investment. HealthMe Ltd is looking for:

      • Seed investment: £210k - will be used for the development of the product, the infrastructure and the launch of the pilot. The duration of this phase will be 12 months and will be partly funded by investing NED’s.
      • Series A: £1.17M - will be used for the full product rollout and will start in March 2022.

Non-Exec Director Role/Requirements/Expertise:

  • The company seeks a Non-Executive Finance Director.
  • CFO/FD experience in a growth company (plc not necessary).
  • A qualified Accountant.
  • Experience of fundraising, IPO and or PE investment.
  • Suggested initial investment of £50k minimum.
  • Sufficient time to prepare well and attend Board and Strategy meetings.
  • It is expected that the role will require approximately 2 days per month – more in the early stages.
  • The Non-Exec will be encouraged to become a shareholder in the Company to align the incoming Non-Exec’s interest with that of the existing Directors who are all shareholders. The company will be registered for the SEIS / EIS scheme which provides 50% / 30% tax relief (respectively) and up to 100% capital gains relief subject to status.

Application Closing Date: Friday 29th January 2021

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