Situation

GRA were asked by UK diagnostics development company to assist in the commercial development and fund raising activities for a diagnostic device for early detection of heart attack.

GRA Involvement

• Scoping of business case
• Application for government based funding
• Development of project plan
• Interaction with UK NHS Trusts

Value Added

GRA worked with the founders to assemble a business case for the device producing a market assessment data and an understanding of what a device would look like within an Emergency room setting within a hospital.  This case was put forward within a non-diluting government contract scheme within the UK’s NHS.  After various screening rounds and interview panels and meetings with NHS health economists, over a period of 12 months GRA was successful in helping the company raise £1.1 million 100% non-dilutional funds to develop the device.