Loughborough University Science and Enterprise Park (LUSEP) start-up Alcuris has secured almost £1m investment for its award-winning digital telecare platform.
memo aims to ensure independence for vulnerable individuals and those living with conditions like dementia, peace of mind for their loved ones and actionable insights for the health and social care sector.
Alex Nash developed the technology whilst studying Product Design at Loughborough University having experienced how life changed for his family following his grandfather’s dementia diagnosis in 2015.
Within 15 months of graduating with a first-class degree, Alex has secured almost £1m worth of investment for his business with investors including PureGym founder Peter Robert and the Nottingham based founders of HD Decisions.
memo monitors the day-to-day activities of vulnerable people and builds a database of behaviour patterns, alerting family members if there is any unusual activity. The scaleable platform works with third-party smart devices (wearables, sensors etc) to gather real-time, actionable data, held securely in the cloud, accessible to authorities and families. Currently no telecare platform has achieved this.
memo’s advent is timely, as the digital switchover in 2025 will render analogue telecare alarms useless, forcing Local Authorities to upgrade their current system.
Alcuris launched at LUSEP in 2017 and employs 10 highly experienced software engineers, which further anticipated expansion to reach 25 by the end of the year. Its management board includes the former global CEO of telecare company Tunstall.
Trials are underway with two major local authorities in the UK, and the Dementia House on BRE’s Watford Innovation Park provides the clinical test bed for the memo platform. Dementia House is a £300,000 interdisciplinary collaboration between Loughborough University and BRE (Building Research Establishment) that aims to help educate builders, carers and relatives on how to better support those living with dementia.
Submitted on 18/02/2019
