Caerphilly-based start-up Signum Health has won Best Application of Tech at the final of the ESTnet Wales Technology Awards in Cardiff last night (May 3rd).
The awards champion the outstanding achievements and innovations made by Wales’ 3,000 technology companies, and aim to shine a spotlight on the tech sector’s role as a vital driving force for the Welsh economy.
Launched in 2016, Signum Health uses artificial intelligence and cloud-based technology to deliver remote health care and support within local communities. Its Social Prescribing Platform enables GPs and other healthcare professionals to refer patients to non-clinical services across the public, private and third sector. This saves the NHS money and provides reassurance and convenience for patients.
The company is headed up by Primary Care and Public Health expert Victoria Norman, who has first-hand experience of the challenges facing GP surgeries trying to meet the needs of their patients whilst facing reduced funding and declining numbers of GPs.
Its core company goal is to enable patients, healthcare providers such as pharmacies, GPs and other alternative services, to work more efficiently in sharing health information in a way that benefits everyone.
Speaking about winning the award, Victoria Norman said: “The last 12 months have been incredibly exciting for us at Signum Health. Not only are we working towards changing the world of health and social care, but we’ve secured some big investments this year and even welcomed a new Chairman, Professor Stephen Smith FMedSci, who is former CEO of Imperial College NHS Trust.
“To win this award, and to be selected from such an impressive shortlist, really is the icing on the cake. The next few months are set to be really exciting for us at Signum Health and being recognised by the Wales Technology Awards has really put us in good stead for a successful 2018.”
Signum Health has also recently secured a second round of investments – a £400,000 equity co-investment led by the Development Bank of Wales, with further investment obtained from private investors. This brings the total funding for the digital firm to £600,000.
The company employs seven people at its base in Caerphilly and is looking forward to expanding its team in the future.