A University of Liverpool spin out company specialising in non-intrusive care for older people has won £350,000 of funding from the Merseyside Special Investment Fund (MSIF).
NeoCare was formed to commercialise technology pioneered by the University’s Centre For Intelligent Monitoring Systems, which enables staff in nursing homes to track the movement, safety and welfare of elderly and vulnerable residents. The systems mean that staff can be alerted to a range of potential problems, keeping residents safer and freeing up nursing time to attend to other care responsibilities.
The technology is non-invasive and can detect and monitor individual behaviour patterns, as well as trigger an alarm for care staff when older people fall or stray into unsafe places, eliminating the need for a manual panic button.
“This financial support will strengthen NeoCare’s ability to commercialise, enabling care homes to benefit with better usage of staff time, improved quality care and reduced costs,” said Dr. Rob Head, Managing Director of NeoCare.
NeoCare has successfully progressed beyond the proof of concept stage with financial support from a Department of Trade and Industry SMART award and private funding and has already run a series of successful trials for its products. The MSIF will be its new strategic partner who, along with the
NeoCare will be working closely alongside Liverpool Ventures which provides support services to ventures backed by the Liverpool Seed Fund.