CASE STUDIES
Active Needle
Design for Manufacture
User Centered Design
Network
Active Needle, founded by RSE Enterprise Fellow Muhammad Sadiq, is dedicated to commercialising innovative ultrasound-guided needle visualisation technology for biopsy and regional anesthesia.
Developed during Muhammad's PhD at the University of Dundee, this cutting-edge technology aims to revolutionise medical procedures by enhancing precision and safety.
Headquarters
Glasgow, Scotland, UK
Founded
2016
Services
Business development, Investor readiness.
Sector
Medical devices, ultrasound, local anaesthesia.
The Challenge
Active Needle was founded by RSE Enterprise Fellow Muhammad Sadiq to commercialise his ultrasound-guided needle visualisation technology for biopsy and regional anesthesia developed during his PhD at the University of Dundee.
We worked with Muhammad to help him refine his business plan and financial model and to develop his value proposition and investment pitch.
The Process
We mentored Muhammad in the development of his story and slide deck and began pitching to the Scottish Angel network, however, the Active Needle IP was quickly acquired by Lightpoint Medical and spun out by them as Active Needle Technologies Ltd.
The Outcome
Executive support and mentoring. Introductions to the investment community. Support and participation in licensing negotiations with Dundee University and in pitching workshops and events. Worked up a business plan, slide decks, and value proposition.
Pathway
Will people but it?
How can I gain
an advantage?
“Working with Crucible has been transformative for Active Needle. Their expertise in refining our business plan and developing a strong value proposition has significantly boosted our confidence and readiness to attract investors. The comprehensive support provided has been invaluable in taking our technology to the next level.”