The team at Navi are pleased to announce that we have been successful in receiving a $178k grant from the Medtech Manufacturing Capability Program (MMCP).
Funded by the Victorian Governments Department of Jobs, Precincts and Regions, the MMCP grant aims to support local manufacturing of Victorian-based medtech companies.
“Navi was founded in Melbourne, our office is located in Melbourne, and our amazing clinical and commercial partners are also based in Melbourne. We are thrilled and appreciative of the support the Victorian Government has provided us, and the broader Victorian medtech industry,” says Mubin Yousuf, Navi co-founder and CTO.
“The grant will go towards critical product development milestones as we transition from prototype to a market-ready device in the coming years,” says Mubin.
Pictured from left: Mubin Yousuf (CTO), Alex Newton (CEO), Shehan Wisidagama (R&D), Wei Sue (CFO)
The device being developed, called the Neonav® ECG Tip Location System, provides clinical staff with real-time location information on where central catheters are positioned inside patients, taking out a lot of the guess work in these common procedures and allowing for fast and effective treatment of critically-ill newborn and pediatric patients.
To date, a number of Neonav® clinical prototypes have been manufactured locally in Melbourne, Australia, and have been used in clinical studies held at the Royal Women’s Hospital, also located in Melbourne.