Medical education network Meducation secures $1m seed funding
Technology Strategy Board-backed deal to help “improve” education for medical students and professionals
Birmingham-based education tech start-up Meducation has closed a $1m seed round led by government “innovation” agency Technology Strategy Board and a group of private investors.
Established in April 2008, Meducation claims to be the first social network targeted at medical students and professionals, offering shared learning resources and support such as tutorials, videos and podcasts, to help members develop their knowledge and skills.
Since its launch the platform has attracted over 35,000 students worldwide, with 33% of UK medical students already using the network.
With plans to build partnerships with medical organisations and universities already in the pipeline, the education specialist intends to use the seed round to further improve its platform.
It will also utilise the funding, which includes $300,000 from the Tech Strategy Board, to increase its employee numbers.
Dr Alastair Buick, co-founder and managing director of Meducation, commented:
“Meducation’s aim is to make sure that all medical students and professionals can access and share the most up-to-date resources while enabling a members to support each other, no matter what their specialism or where they are in the world.
“We want to become the go-to resource for medical professionals and students that want to keep their skills and knowledge fresh”.
Outlining his future ambitions for the education platform, Buick continued:
“Primarily, Meducation will be a social enterprise that will generate revenue from high-income countries with highly developed health services, in order to provide top-quality resources to those working in countries that don’t have money to spend on training for medical professionals.”