Tuesday 8 January 2019

Health spin-out gets £3m extra funding

A Newcastle University spin-out that received start-up funding from the NIHR Newcastle Biomedical Research Centre received £3m funding for ‘innovative’ lifestyle coach platform

The Newcastle company behind a digital platform designed to help people live longer, healthier lives has secured multi-million pound funding.

Changing Health will use £3m from investors Northstar Ventures, Shift Invest, and Tate & Lyle Ventures to develop new programmes and expand its operation in the UK and overseas.

Spun out of Newcastle University and Newcastle Hospitals NHS Foundation Trust by Professor Mike Trenell in August 2016, the company’s founders originally received investment from the National Institute for Health Research (NIHR) Newcastle Biomedical Research Centre, as well as other private funders, to develop digital tools for patients and the NHS.

Changing Health provides personalised support to patients who want to make changes to their lifestyle, and its digital education platform gives users a lifestyle coach, helping them lose weight and live better.

The latest investment will take this exciting ventures into new areas, supporting more and more people to make positive changes to their lifestyle and live better for longer, with the use of digital tools.

The funding comes from Northstar Ventures, with money from the North East Innovation Fund, supported by the European Regional Development Fund.

Director of the NIHR Newcastle Biomedical Research Centre, Professor Avan Sayer commented: “I’m delighted that Changing Health has attracted further investment to continue its development. We know from extensive ageing research at Newcastle University and the NIHR Newcastle BRC that with the rise in proportion of older people, health issues that are more common in later life will become much more prevalent in the near future, causing pressure on our health and social care systems, as well as decreasing quality of life.

Digital tools that help people tackle some of these issues can allow them to live better for longer and I’m delighted that the BRC’s initial support for this research has helped to catalyse this.”