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EU policymakers aim to demonstrate Europe’s strength in science and technology on the global stage. But this is a challenge considering that half of the member states are lagging behind in research and innovation. While only a few countries meet the official EU target of investing 3% of their GDP i-on R&D, others still struggle to increase their expenditure significantly.
Utah Business
Tula Health, with offices in Farmington and Ogden, Utah, recently raised $24.1 million in debt and equity financing from two venture firms, Springtide Ventures, and Sandbox Capital Advisors. Springtide is a health tech venture firm based in Utah and Boston, and Sandbox Capital Advisors is based in Salt Lake City, Utah.
Tula Health creates behavioral change guidance via on-call support, and supporting hardware and software, shown below, to help their customers manage chronic health conditions such as type 2 diabetes currently the company’s primary focus. Customers receive a smartphone with an FDA-approved glucometer built-in, along with a smartwatch and supplies for glucose testing. A health coach uses the information received from these devices to help customers track and regulate their blood sugar levels.