Alimetry raises $16.3 Million to launch wearable diagnostic device for the gut
Alimetry, a digital healthcare and medical device start-up, announced today it has closed a NZ$16.3 Million financing round led by New Zealand largest venture capital investor Movac. Existing investor partners IP Group, Matū Karihi, and UniServices supported the round, with K1W1 also participating.
The company will use the funding to accelerate the international launch of its first product, a wearable diagnostic device called Gastric Alimetry. Gastric Alimetry uses a stretchable high-resolution sensor to non-invasively map digestive patterns, and delivers clinical reports via the cloud to inform the diagnosis and classification of gastric disorders.
“Chronic gastric symptoms are extremely common, yet many of our patients still suffer from repeated inconclusive tests, trial and error care, and confusion,” said CEO Greg O’Grady, a Professor of Surgery and co-founder of Alimetry. “Gastric Alimetry is on track to deliver breakthrough results in diagnosing gastric symptoms, enabling enhanced clinical outcomes and safer, more accessible, and less-invasive care.”
Gastric Alimetry targets prevalent stomach diseases including nausea and vomiting, gastroparesis, and functional dyspepsia, affecting over 8% of the world’s population and costing billions of dollars in healthcare expenses. The device is currently undergoing clinical trials in 5 countries, with results and further regulatory approvals expected during 2022. Alimetry will also use the new funding to expand its artificial intelligence capabilities and expand its product pipeline.
Lovina McMurchy, a General Partner at Movac who will join Alimetry’s Board, stated: “While Alimetry has only recently come out of stealth mode in New Zealand, the team has made an incredible amount of progress in bringing their product to market globally. They are already working with the top gastroenterology clinics in the world to trial the devices and they are in the approval process with the Federal Drug Administration in the US for full scale commercialization. This is a tremendous example of what our science ecosystem can produce at it’s very best.”
Gastric Alimetry has recently received numerous innovation and product design awards, including Gold from the Australian Good Design Awards, and a prestigious ‘Purple Pin’ at the New Zealand Best Design Awards. The Best Awards judges stated: “This is a tangible example of how New Zealand science, technology and design can work together to produce brilliant results.”
Alimetry was spun-out of the University of Auckland in 2019 from a centre of excellence in digestive diseases. The company was founded by Prof. Greg O’Grady and Dr. Armen Gharibans, on the background of a decade of award-winning science.
To learn more about Alimetry visit www.alimetry.com.
About Movac
Movac is New Zealand’s largest and most experienced venture capital fund, supporting technology founders from early stage through to growth investing. Movac was the first institutional grade venture investor supported by both New Zealand Superannuation and Kiwi Wealth. It currently has $400m funds under management and invests across deep tech, software, hardware and healthtech.
About IP Group
IP Group is a leading intellectual property commercialisation company focused on evolving great ideas and cutting-edge research from its partner universities into world-changing businesses. The Group pioneers a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital, scientific insight, and supporting infrastructure. IP Group, which is listed on the London Stock Exchange (LSE: IPO), has a strong track record of success and, its portfolio comprises holdings in early stage to mature businesses across life sciences and technology. In Australia and New Zealand, IP Group works in close partnership with the Go8 Universities and the University of Auckland to identify ground-breaking technologies rooted in hard science, which have the most promising commercial potential. www.ipgroupanz.com
About University of Auckland Inventors’ Fund, managed by Auckland UniServices
The University of Auckland Inventors Fund is an evergreen, open-ended $20 million investment fund owned and managed by Auckland UniServices Limited, the commercial company for The University of Auckland. The Inventors’ Fund provides seed capital for ventures started out of the University of Auckland. www.uniservices.co.nz
About Matū Karihi Fund.
Matū is a venture capital fund investing in early-stage science and deep technology commercialisation from education and research institutions and the private sector. Karihi (nucleus) is Matū’s original pre-seed and seed-focused fund, working with start-ups at the earliest stages of their journey. As an open fund it raises capital over time and holds investments through to exit where possible, and therefore invests on a long timeframe. www.matu.co.nz
About K1W1
K1W1 Ltd is an investment company owned by Sir Stephen Tindall. It has invested over a total of $100M Seed and Venture capital into a large number of start-up and early stage businesses from Biotech, environmental technology, high tech, software and other high export potential businesses. The aim is, either directly or as a “fund of funds” to assist young entrepreneurs to grow New Zealand as a leader in the “knowledge economy” and to help create a culture of making New Zealand “cash flow positive” in international goods and services trade.
Attached files: Gastric Alimetry-11
Teams “Yadrava na Vanua” from Fiji and “Not Basic” from New Zealand win the Grand Prizes for Space Challenge
Christchurch—18 February 2022.
Yadrava na Vanua (Environment Watch) from Suva, Fiji won the Grand Prize today for the Space for Planet Earth Challenge.
Their project focused on integrating satellite data on land cover types across Fiji with ground truth measurements, and refining the carbon sequestration data with machine learning analysis of high resolution satellite images from Planet to generate international standard levels of measurements, reporting, and verification of carbon stocks.
Separately, “Not Basic” from Newlands College, Wellington, New Zealand, won the Grand Prize at the High School level. Their work featured using machine learning analysis of satellite data to predict the conditions leading to coral bleaching as detected within the Allen Coral Atlas with Planet satellite data.
Six teams from New Zealand, Australia, and Fiji competed in demo sessions with a panel of judges, then a Pitch presentation to a live online audience. The winners are awarded cash prizes of $30,000 and $10,000 each, satellite data from company Planet, and mentorship from SpaceBase. Additionally the High School team will receive scholarships from the US Based MMAARS Academy to attend their Level 1 Virtual Mars Programme.
“The presentations that I’ve seen were so amazing…and I was blown away by the ideas and the ability that they’ve shown…Planet is so proud to be part of this competition,” Dr. Tanya Harrison, Director of Strategic Innovation for Planet and a Finals Judge for the competition, said at the event.
The winners were selected by judges from Planet, the U.S. Embassy to New Zealand, Pacific GIS and Remote Sensing Council, Rocket Lab, Callaghan Innovation, ChristchurchNZ, Callaghan Innovation, and Consegna.cloud.
The awards were presented by the NZ Space Agency and the U.S. Embassy.
“I’ve been extremely impressed with the sophistication of the solutions that have been developed, by the approach of looking for different data sources to incorporate into those solutions, to reaching out to other organisations, establishing partnerships to make this more effective, and the quality of the presentations,” said Dimitri Geidelberg, Principal Advisor to the Agency.
The Challenge was the brainchild of SpaceBase founders who leverage incentive prizes and space technologies to catalyse innovation while solving tough problems in the region. “Already, we see the Challenge as pushing the teams to accelerate their research and create opportunities they may not otherwise have been able to realise.” said Emeline Paat-Dahlstrom, CEO of SpaceBase. “We think this is only the beginning for these climate change focused innovations, and we hope to continue to support these teams in their progress over the coming months and years.”
For more information about the Challenge and the Winners, go to spaceforearth.org
The Challenge is made possible by a partnership between SpaceBase Limited and Planet. Sponsors include the U.S. Embassy in New Zealand, K1W1, NZ Space Agency, ChristchurchNZ, Consegna.cloud, Clare Foundation, Greenlight Ventures, Namaste Foundation, Engineering Dreams, MMAARS Academy, and Christchurch City Council.
SpaceBase Limited is a New Zealand based education and consulting social enterprise, whose mission is to democratise access to space for everyone. SpaceBase is creating equal opportunity to leverage space technologies to solve problems on Earth, by catalysing space ecosystems in developing and emerging countries, starting in New Zealand. Since its incorporation in 2017, it has collaborated with economic development agencies, local governments, and advocacy groups to deliver over 100 educational presentations and workshops; two national space and aerospace competitions, as well as helping birth space communities and organisations locally and globally. SpaceBase created a platform for the NZ Aerospace Directory and a free course, Catalysing a Space Industry in Your Region, for anyone interested in creating a local space industry. SpaceBase is also the NZ Ambassador for the International Space University.
PIONEERING DECENTRALISED SECURE MESSAGING PLATFORM MANYONE ANNOUNCES STRATEGIC RELATIONSHIP WITH UNIVERSITY COLLEGE LONDON CENTRE BLOCKCHAIN TECHNOLOGY
Vancouver, Canada – February 25th, 2021 – Manyone Inc., a pioneering technology venture in decentralization and digital identity, is delighted to announce that it has entered into a new strategic relationship with the globally renowned University College London (UCL) Centre Blockchain Technology (CBT).
This partnership will support research conducted by UCL CBT’s Senior Research Associate, Dr Geoffrey Goodell, to explore and evaluate end-user technology systems, infrastructure, business imperatives, and regulatory policy to support the privacy, dignity, and market power of individual persons in the emerging digital economy. The research is aimed at identifying the requirements and approaches for systems whose features specifically support the advancement of truly consensual trust relationships, the empowerment of local communities, and the public interest.
Vancouver-based Manyone believes in empowering solutions and technologies with the potential to produce a new, distributed internet where everyone can feel safe, secure and in control of their digital identity.
Dr Paolo Tasca, Founder and Executive Director of the UCL Centre for Blockchain Technologies, notes that, “On behalf of UCL and the Centre for Blockchain Technologies, I am delighted to begin our new partnership with international industry partners Peer Social Foundation and Manyone. We are grateful for their support and recognition of the impactful research being done to meet our shared ambitions. Thanks to their generosity we will continue our proud tradition of enabling academic research with real-world application.”
Michael Cholod CEO at Manyone and Executive Director of The Peer Social Foundation comments, “As a dedicated group of decentralists, our teams look to find ways to free communication from manipulation and control by protecting individual, business or governmental digital identities. Part of that mission is to work with the most respected and knowledgeable people in the field. The team at UCL represent some of the best thinkers in the area and we’re honoured to work with them.”
Dr Geoffrey Goodell, Senior Research Associate at UCL Centre for Blockchain Technologies, specifically ads that, “The funding from The Peer Social Foundation and Manyone will provide vital resource to explore and evaluate user-controlled identity management, decentralised social networks, and tokenisation as vehicle for authorisation without identification. Our partnership will support the advancement of trusted relationships in the digital economy, the empowerment of local communities for the benefit of public interest. I am excited to deepen our collaboration and share our insights.”
Manyone, with offices in Vancouver, Canada and Stockholm, Sweden are looking to launch the first decentralised secure messaging solution by Mid-2021.
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Manyone is a pioneering technology venture that aims to deliver private secure networks and private digital identities, to increase personal and enterprise productivity and digital security. Manyone actively works with The Peer Social Foundation on education and research into topics of interest to consumers and enterprise. The Peer Social Foundation and Manyone believe in empowering a distributed internet where everyone can feel in control of their digital identity. They do this by delivering a self-sovereign digital identity and decentralized communication and sharing platform for enterprise and consumers. A critical component of this is to work beside and support vital education, R&D and the open-source community to connect people, business.
Find out more here: www.manyone.one http://blockchain.cs.ucl.ac.uk/
Entrepreneur challenges business owners to help save the environment
Paste & Publish, a New Zealand based content marketing agency announced today that they are setting aside 5% of revenue to provide pro bono work to selected environmental projects that wouldn’t otherwise be able to afford professional help.
Paste & Publish Founder, Callum Armstrong, says that this commitment is important because our natural world is in a state of crisis.
“I believe that it is our responsibility as business owners to help create the future we want to leave for our children.
There’s no silver bullet in the fight against climate change, but every little bit of help makes a difference,” says Armstrong.
“That’s why we have built philanthropy into our business model – to ensure that as we grow, so does our positive impact on the planet.”
The first project that will receive support from their 5% pledge is The Reforestation Fund. This fund, which is set to launch later in the year, provides sustainable and ethical brands with a way to help the environment as part of their offering.
Companies who support The Reforestation Fund donate a small amount from every sale on selected products, and are allowed to display the fund’s endorsement in return. Money raised is used to help community projects that plant native forests and support groups that look after our native plants and wildlife.
The Reforestation Fund co-founder, Anna Wentsch, says that people are looking for ways to support the environment, and that the services provided by Paste & Publish will empower TRF to make it easy for people to do just that.
“We are extremely grateful for the support that Paste & Publish is providing by designing our brand identity and rebuilding our website.
This will set up the foundations for us to connect people and companies with our natural world,” says Wentsch.
Armstrong says that companies who design philanthropy into their everyday operations experience a wide range of benefits. They often see higher rates of customer retention and trust, happier staff who know they are doing good in the world, increased sales and less reliance on price based competition.
About Paste & Publish
Based in the Bay of Plenty, New Zealand, Paste & Publish provides content marketing services to companies that want to grow. They help brands to attract their ideal customers by creating high value strategic content, and using sales funnels to convert them into paying clients. To find out more, visit www.pasteandpublish.com.
Facing pandemic lockdown challenges, entrepreneurs find new opportunities
Founder of ‘Inka Bands™’ in Auckland recently launched a new online store featuring stylish exercise accessories to meet rising demand for at-home fitness gear
Auckland, New Zealand — Oct. 12th, 2020 — The COVID-19 pandemic has presented a mountain of challenges to entrepreneurs everywhere.
But any ambitious visionary knows in challenges there are often opportunities.
Many entrepreneurs have used the pandemic as a chance to rebrand, pivot, and activate new ideas for these new and unusual times.
For Auckland entrepreneur Wayne Bowater, the pandemic presented him with an opportunity to launch a new brand to meet a new need.
Bowater is the managing director of McKenzie Group, a global distributor of quality health and wellness products sourced in New Zealand, and Mckenzie Distribution for its New Zealand distribution requirements. Recognizing a spike in at-home fitness due to the pandemic, he launched Inka Bands™ to introduce stylish and fashionable wrist weights and ankle weights for fitness enthusiasts in New Zealand and Australia.
“Though many entrepreneurs have taken a big hit during the pandemic, some of us have tried to stay alive by looking for new opportunities during the coronavirus lockdown,” Bowater said. “With so many people now working out at home, I came up with a fun new idea to power their workouts with great-looking hands-free weights to go along with their great-looking workout gear.”
The name INKA is a nod to a slang term referring to “the best friend you could ever ask for.” Inka Bands offer a comfortable way to add resistance to a home workout with attractive wrist and ankle weights manufactured from the highest quality fitness materials. Every Inka Band is waterproof. They come in a range of contemporary colours.
“Whether exercising along with a virtual workout at home, running, biking, hiking, rehab, yoga outdoors, or heading back to the gym for a Pilates session, we’ve got you covered with Inka Bands,” Bowater said. “Our beautiful weighted bands are perfect for boosting the muscle-building and fat-burning power of any workout. Best of all, you can wear them down to the cafe afterwards due to their stylish design sensibility.”
Learn more about Inka Bands and shop online at https://inkabands.co.nz.
NewzEngine extends service to cover media in Australia and the Pacific
NewzEngine.com, an online service that enables companies, organisations and individuals to write and distribute press releases, is extending its reach to include media in Australia and the Pacific Region, as well as New Zealand.
NewzEngine CEO Sarah Putt says the ability to distribute releases to media outlets outside New Zealand is an exciting milestone for the company.
“As with the New Zealand service, the media outlets are segmented, to ensure that press releases are distributed to the most appropriate outlet. We actively encourage our clients to think carefully about what region/sector to select to ensure their information goes to the most relevant media.”
In Australia, locations are divided into the five states and two mainland territories, with clients also able to choose media in the business, education, politics and technology sectors. Two areas of the Pacific Region are also covered – Melanesia (Fiji, Papua New Guinea, Solomon Islands, Vanuatu and West Papua), and Polynesia (Cook Islands, Niue, Samoa, Tokelau, Tonga and Tuvalu).
NewzEngine is also a great way for Australian and Pacific-based newsmakers to reach New Zealand media.
The purpose of NewzEngine is to provide companies, organisations, and individuals with the ability to send professional communications about their activities, products and services in a way that is easy, effective and cost-efficient.
Cin7, a technology company that is a pioneer in cloud-based inventory management software (IMS) and point of sale (POS) solutions, is a regular user of the NewzEngine service.
“We have found NewzEngine to be extremely helpful in getting our message out to relevant media and, by extension, the wider market. From major investment announcements to new senior appointments in our business, it’s proving to be a very useful service,” says Cin7 CEO David Leach.
Press releases are created through NewzEngine’s platform, then quality-checked by an experienced editor before being distributed to a network of journalists and editors. In addition, press releases are sent to global newswires via the MIL-OSI network (a New Zealand-based open source intelligence company), which include Dow Jones Factiva, LexisNexis, Contify, Thomson Reuters, Newscycle, NewsBank USA, Comtex News Network, Emes, and Gale.
Organisations can subscribe to NewzEngine.com as a monthly or annual service or send a one-off press release. For more details, visit NewzEngine.com.