The latest Venture Kick final awarded a total of 130,000 francs to entrepreneurs developing devices that will diagnose disease and infection, faster and earlier.
Resistell AG, Basel: antibiotic identification 100x fasterDrug-resistant bacteria are a threat to modern medicine. Prescribing the wrong drug bears risks: for individual patients it means longer, more-expensive hospital treatment; it also endangers global human health as bacteria develop resistance to existing antibiotics more quickly. Drug-resistant infections kill about 700,000 people globally each year, according to the O'Neill Review on Antimicrobial Resistance. Resistell uses nanotechnology and atomic force microscopy techniques developed at Switzerland’s Ecole polytechnique fédérale de Lausanne (EPFL) to diagnose the most effective treatment between 10- and 100-times faster than current technology, depending on the bacteria causing infection. This speed and accuracy may halve the cost of hospital infections and slow the growth of antibiotic resistance, by helping doctors treat infection with the correct antibiotic first time.
“Having access to Venture Kick’s network is invaluable. Winning stage 3 is a mark of quality for many stakeholders and investors,” said Resistell chief executive Danuta Cichocka. The company announced the closing of their seed round just after securing the final Venture Kick funding. “Venture Kick played a very big role, as we met four of our eight investors through the program’s jury sessions,” Cichocka added. The next steps are to validate its device in pre-clinical conditions and launch an A-round of fundraising by the end of 2019.
Positrigo GmbH, Zurich: diagnosing Alzheimer’s decades earlierAlzheimer’s disease, the most common cause of dementia, affects 50 million people worldwide. As biotech companies such as Biogen Inc. trial drugs that may slow the disease, the new challenge is to diagnose early enough to save patients before their brain tissue is damaged. Positron emission tomography, or PET, scanners can reveal the presence of proteins linked to Alzheimer’s as much as 20 years before the cognitive effects are noticeable. Positrigo’s scanner will reduce the cost of a PET scan tenfold, making precautionary scanning viable. Co-founder Jannis Fischer, whose great-grandmother suffered from Alzheimer’s, hopes Positrigo’s cheaper scanners will enable millions of people to get treatment before the same degenerative disease steals their mind and memories.
“Venture Kick will enable us to start the regulatory approval process for our medical device immediately. It is the critical path in our timeline and we want to bring our scanner to the market as quickly as possible,” Fischer, Positrigo’s co-chief executive, said. The startup, a spin-off from Swiss Federal Institute of Technology in Zurich (ETH), plans to close a 1.5-million-franc seed-round in January and collect patient data during the first half of 2019.
The Venture Kick program will be significantly expanded once again in 2019. More information in a seperate article.