Why NZ medtechs struggle for funding despite promising results
Medtech founders say there’s a lack of investor funding for startups that are past early stage but are still pre-revenue.
Wellumio is trying to raise funds for a Phase II clinical trial.
Shieak Tzeng, chief executive and co-founder of medical device startup Wellumio, is trying to find new investors to bridge the last mile of its latest capital round that will fund a Phase II clinical trial.
Wellington-based Wellumio is pioneering development of a portable magnetic resonance imaging
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