Business plan optimization/fundraising

Initial situation

• Canadian medtech Start-Up with a patent-protected, new ultrasound technology for the identification of tumor tissue during a prostate biopsy
• New ultrasound technology has a three hundred times higher resolution than standard ultrasound devices for prostate biopsies
• Company wants to launch the new ultrasound device in Europe first before launching it in North America
• Double-digit million € amount of venture capital is needed to support product launch in Europe and accomplish requested FDA study
• Company prefers an European VC as lead investor to get access to their know how of the European medtech market

Tasks for SANEMUS

• Preparation of a teaser to approach VCs, review of the investor presentation
• Preparation of a short list with VCs which also invest in the medtech projects outside of Europe
• Contacting of VCs
• Coordination of the VC meetings
• Support for establishing VC finance syndicate
• Elaboration of the European organization for the company
• Elaboration of a vendor finance model to accelerate the market entry in Europe