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Bristol entrepreneurs invest hundreds of thousands in skin cancer early warning system

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Written by: Hannah Baker | Posted 04 July 2018 15:37

Bristol entrepreneurs invest hundreds of thousands in skin cancer early warning system

A group of Bristol entrepreneurs have invested £300,000 in a tech business hoping to revolutionise the early diagnosis of skin cancer.

Bristol Private Equity Club has provided the funding to Skin Analytics, which is using artificial intelligence (AI) developed in Bristol to provide a smartphone-based skin cancer 'early-warning system' for GPs.

The technology works by enabling GPs to screen patients for potential melanoma and decide which lesions need to be treated in hospital.

The company’s technology can identify potentially risky moles or skin lesions and can detect any changes over time.

The £300,000, which is part of £1million raised by the business in its recent funding round, will enable the company to launch its product into the market this year.

Read more: Bristol 'key centre' for building and use of drones, says expert

Chief executive Neil Daly said: “There has been a huge increase in the rate of skin cancer across the UK in recent years at a time when there is also a severe shortage of dermatologists, both of which are putting huge pressure on the healthcare system.

“We want to help more people to survive skin cancer and to improve the outcomes in the system.

"This investment will enable us to move from focusing on R&D to having a fully marketable product which we can roll out later this year.”

Jerry Barnes, a founding member of Bristol Private Equity Club, said: “Skin Analytics’ technology has the capability to save huge amounts of valuable time and resource for our under-pressure healthcare professionals.

“We are delighted to be supporting such a groundbreaking product with such strong local roots, and clearly we are not alone in recognising the company’s potential.”

Pictured: Sam Simpson of EH3 Investments, Dr Jack Greenhalgh, head of AI at Skin Analytics, and chief executive Neil Daly

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