Revolutionising newborn delivery room resuscitation
Matthew Boustred from ResusRight talks about how their company started and their experience being a member of the Sydney Knowledge Hub.
ResusRight's mission is to revolutionise newborn delivery room resuscitation. Every year a million babies die, and another million babies are left with a disability, due to a lack of oxygen at birth.
We've developed a low-cost monitoring system to help clinicians get newborn resuscitation right and reduce the numbers of babies who die or are left with a disability.
The idea is that it provides clinicians feedback on whether they are resuscitating correctly so that they have confidence in an extremely stressful situation that they are optimising ventilatory support of the infant.
We founded the company at the beginning of the year based on research conducted by one of our co-founders, the erudite Dr Mark Tracy, and development work carried out by my other co-founder, Matt Crott, and myself.
Over the past eight months, we've been powering through product development. We're currently raising a seed round to move into the next stage of execution.
We only moved into the Knowledge Hub about a month ago but have already been really enjoying the space and being around other like-minded startups.
There are some great opportunities for collaboration coming up, such as using the manufacturing facilities to assist with next-gen prototyping. We are also looking to hire our first employees and the university presents a great avenue to find talent!
When we moved into the SKH, there was a lot of talk about the death of the office and the move to working from home. I can say with certainty that the advantages of a physical working space will never be replaced!
The opportunity for face to face collaboration, the serendipity of water-cooler chats, and the ability to build a team culture are all invaluable for any company. For a startup, with a grow or die mentality and who to some extent lives flying by the seat of their pants, it is irreplaceable.
We've also loved getting to know other startups in the space like Streamplate. The Sydney Knowledge Hub team of Rupal, Andrew and Sarah are all amazing and have been helpful in finding us practical resources like IP advice and putting us in touch with useful contacts from their network.