A DESIGNER of medical and surgical technology is celebrating an expansion which has seen four new jobs created.

Inovus Medical, based on Wharton Street, at the Sherdley Road Industrial Estate, has benefitted from a £700,000 investment.

The firm, a designer and manufacturer of medical and surgical simulators, has received £500,000 from NPIF - Mercia Equity Finance, alongside a sum from an angel investor to enable the expansion.

The company plans to utilise the funding to add a suite of new 3D-printing technologies to its manufacturing processes and introduce new software additions to its existing product offering.

The expansion sees Inovus Medical continue its year of growth, having more than doubled its head count and made the move to the Sherdley Road Industrial Estate.

The firm has also won a number of awards, including the EIT Health Headstart Award and most recently the British Chamber of Commerce Regional Small Business of the Year Award.

The investment also follows the launch of the company’s most recent innovation in healthcare simulation, called the Bozzini Hysteroscopy Trainer, revolutionary for teaching the skill of hysteroscopy (operating on the womb).

This capital will help Inovus improve adoption of innovative products in the UK and globally through its growing distribution network.

Inovus Medical’s chief executive, Dr Elliot Street, said: “We are extremely excited to have Mercia as a partner on our journey of expansion in what is an evolving industry that presents a great deal of opportunity.

"Whilst it is gratifying to see how far we have come in the years since we launched, what is most exciting is the prospect of improving the care of patients across the globe through improved access to high quality, realistic and affordable healthcare simulation - this investment will allow us to do just that at a scale far beyond that which we were previously able.”