Power of 10: Our impact in the East Midlands

Neupulse

East Midlands

Midlands Engine Investment Fund II

Neupulse, a University of Nottingham spinout, secured a £500k equity investment through the Midlands Engine Investment Fund II, facilitated by appointed fund manager for the East and South East Midlands Mercia Ventures.

Portrait of Paul Cable, Neupulse, Dr Barbara Morera, Neupulse, Sandy Reid,, Mercia Ventures and David Tindall British Business Bank

Founded in 2021 by husband and wife team, Professors Stephen and Georgina Jackson, with Dr Barbara Morera at the University of Nottingham, Neupulse is pioneering a safe, non-drug treatment to help manage the symptoms of Tourette’s syndrome.

The wristband device stimulates the median nerve in the wrist to help control the tics or involuntary movements caused by Tourette’s syndrome. Clinical trials have shown the device can reduce tic frequency on average by 25% on initial use, with a further reduction in frequency after four weeks of use.

The funding will enable the company to finalise development of its device and carry out further trials as it seeks to gain regulatory approvals in the UK, Europe and the USA. It follows a £2.5 million investment earlier this year from a consortium including Eos Advisory and US-based investors and brings the total the company has raised to date to almost £4.5 million.

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14,000

businesses supported

161,000

jobs supported

£5bn

additional turnover expected to be created

£2bn

additional GVA expected to be created

13,000

new jobs expected to be created