Three pioneering healthtech companies, all co-founded by women, will receive funding from deep-tech accelerator STAC which has refocused its support for early stage companies.
The funding by STAC Invest marks a significant milestone in the accelerator’s evolution from mentorship to ‘full-spectrum’ company building.
STAC’s investment arm was established to address a critical gap in Scotland’s startup ecosystem – providing capital at the crucial early stage when companies need funding to get their products to market.
The three recipients of more than £1 million in total are:
Silver Lion Innovations, which is transforming the lives of people who have limited mobility and those who care for them. It is co-founded by Ruth Crozier and Conor Crozier.
Seluna, co-founded by Dr Scott Black and Dr Yola Jones, is developing machine learning-enabled software to support doctors to diagnose and manage childhood sleep apnoea.
Smplicare, co-founded by Alexandra Melling and Garrett Sprague, is developing fall prevention technology that helps older adults maintain independence while reducing the risk of falls – the leading cause of loss of independence in people over 65.
All three funded companies are headquartered in thebeyond, STAC’s industry hub in Finnieston, Glasgow, which is being developed as an International Centre of Excellence for smart, connected and deep tech companies.
Angus Macfadyen, head of investment at STAC, commented: “ “Our model is about more than money – it’s about bringing together private investment, mentorship, and access to advanced labs and networks.
“We’re proud to back these outstanding female founders and their business partners, who are not only building great companies but also using smart tech to tackle real-world pain points in health and social care. This is just the beginning of a new era for Scotland’s smart tech sector.”
Applications for STAC’s next accelerator cohort remain open until 18 August, offering ambitious tech founders the opportunity to join Scotland’s most comprehensive startup support programme. Founders, investors, and industry partners are invited to get in touch via stac.ac/apply-now/
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