Swellaway is a patented medical device technology that is the brainchild of inventor Richard Mills – and has attracted investment cash from Manchester United star Wayne Rooney.
Which says a lot about its potential.
The Swellaway can be used to treat injuries in humans and animals by applying cooling, heating and compression and could replace conventional treatments involving ice, water and gel packs to reduce inflammation and aid rehabilitation.
The start-up, based at the Sheffield Bioincubator, is now ready to start commercialising its technology after securing investors.
The company plans to initially target the equine market as horses suffer from leg injuries and will go lame if the swelling is not successfully treated, but aims to redevelop its technology for humans.
Swellaway has been very focused on building the right business, setting the right strategy, attracting the right team and investors and then executing the right plan to achieve its aggressive growth plans.
It now has the right partners and is focused on delivering high end engineering, software and electronics.
The firm reckons 2014 is looking very exciting and it has all the elements in place to make it successful.
The device has been developed in association with Sheffield Hallam University and local companies including Chesterfield-based Wild Solutions and Arrow Technical Services based on the Advanced Manufacturing Park.
Other investors include Manchester-based venture capital company Acceleris, with the help of corporate finance specialists from accountants Hart Shaw and lawyers at Taylor & Emmet.