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Weight Loss Innovation is NI's Top Startup!
by Startacus Admin
The Propel NI Company of the Year Award has been won by a very interesting technological innovation. Neurovalens is a local medical device startup that has developed a potentially world changing weight loss technology.
‘Stimu Slim’, is a unique electronic headset that could become a major player in the fight against the rise in global obesity rates. It sounds almost too good but be true, but we can assure you that is !00% genuine.
The small headset sits comfortably over the head and targets an area of the brain that when stimulated has been known to suppress appetite and encourage a metabolic shift within the nervous system. Almost miraculously this change reconfigures the internal functions of the body allowing for a leaner and more athletic body appearance, without the need for unpleasant dietary restrictions or excessive exercise.
Neurovalens was founded by Doctor Jason McKeown and was just one of 35 NI Startups that have taken part in the Propel business accelerator over the course of the last year. It is a highly successful initiative that has been created by Northern Ireland’s regional economic development agency Invest NI enterprise and is intended to develop export focused business ideas with high growth potential. The 2014 / 2015 cohort has come to a dramatic conclusion with The Propel Awards, which form a celebration of the startups’ hard work, drive, and ambition to realise success on the international stage.
Neurovalens was the recipient of the overall award when A panel of business leaders, mentors and funders identified its potential contribution to global health concerns and its potential for growth within the global market.
Speaking at the awards ceremony, Dr McKeown said, “I’m thrilled that Neurovalens was named Company of the Year at the annual Propel Programme awards. Coming from a medical background, the Propel experience allowed me to develop the skillset that I needed to take my innovations from a concept into a viable business with global potential. We’re now looking towards the future with real confidence,”
Propel Programme Open For Applications!
Now in its 6th year Propel is an intensive 12-month accelerator which helps to fast-track innovative startups, through ambitious growth plans, expert mentorship, up to £20K in funding, as well as the opportunity to pitch to leading investors.
Already the programme has assisted in the creation and development of nearly 120 companies, between them having accessed over £14.5m of external investment and creating almost 270 jobs in the local economy!
Padraig Canavan, Board member Invest NI has said “The standard of participants in the latest Invest Northern Ireland Propel programme was, as always, extremely high, which is indicative of the entrepreneurial talent in Northern Ireland today. As the call for new applications for the next programme has just been launched we hope more NI entrepreneurs will now be encouraged to follow Neurovalens lead,”
Applications are now open for the next intake of early-stage export focused businesses with an innovative product or service, or a business idea that is in the advanced planning stages.
The closing date for applications is November 6th, and following a competitive assessment process, Propel 2015/16 will begin in January 2016!