Media Contact
Carol Truemner, Communications Officer (email | x33470)
Thursday, October 10, 2019
An innovative medtech company co-founded by Waterloo Engineering alumni has secured $1 million CAD in pre-seed funding.
NERv Technology Inc. is developing a medical device to detect the leakage of gastrointestinal fluid into the abdominal cavity after a surgical procedure, in real time.
In partnership with a number of physician angel-investors, a hospital, and Sunhope Capital VC, this recent round of funding will help to cover the costs associated with preclinical studies and further development of NERv’s medical device.
The company’s co-founders are CEO Youssef Helwa (BASc ’15, Nanotechnology, and MASc ’17, Electrical) and COO Amr Abdelgawad (BASc '16, Nanotechnology, and MBET '17). NERv's leadership team also includes CTO Abdallah El-Falou (MASc ’17, Electrical) and Mohamed Okasha, a McMaster University biochemistry and biomedical sciences alumnus.
