An electric vehicle subscription platform and a business developing wearable devices for the care of dementia patients are among five startups awarded a bursary to join a Bristol tech incubator.
The University of Bristol’s SETsquared Breakthrough Bursary supports ventures founded by entrepreneurs from diverse backgrounds to join its programme through heavily subsidised membership.
The five inducted businesses will gain access to tailored support, mentoring, coaching and investment readiness training, as well as expertise at the university to help develop.
The bursary is now in its third year and is funded by SETsquared alumni. The initiative has supported 14 companies to date which have combined raised more than £1.4m.
Among the previous awardees of the bursary is University of Bristol healthtech spinout spinout FluoretiQ, which has developed a platform to diagnose bacterial infections quickly and cheaply. The business recently closed a £1.1m pre-series A investment round.
Neciah Dorh, co-founder and chief executive of FluoretiQ, said the bursary had enabled the business to…