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A new $25M fund aims to give UK mental health startups a shot in the arm
KHP Ventures is raising a £20 million ($25.5 million) fund specifically aimed at accelerating startups addressing depression, anxiety and psychosis.
Startups that attain investment will receive support for developing clinical and academic trials, accessing patient and service data, and testing their product in a live environment. They will also get access to patient focus groups, experts, clinicians, and academics, thanks to the partnership with the South London and Maudsley NHS Foundation Trust. Around 3.8 million people were in contact with the U.K.’s NHS mental health services over the last year, up almost two-fifths compared to before the pandemic.
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