Home News Inovus Medical named among top 50 fastest growing UK tech firms

Inovus Medical named among top 50 fastest growing UK tech firms

Posted by Helen Hanson. 8th November 2022

Inovus Medical named among top 50 fastest growing UK tech firms

Inovus Medical, a global supplier of surgical training technology, has been named as one of the UK’s 50 fastest growing tech firms as the company joins the prestigious Silicone Valley comes to the UK (SVC2UK) ‘Scale Up Club’. The successful application to this programme follows a busy 6 months for the business which has seen it close a $7million investment round, double the size of its development and commercial teams and open offices across the USA.

The Scale Up Club celebrates some of the UK’s fastest growing tech companies each year, providing unique opportunities to gain invaluable insight and mentoring from some of the world’s most high-profile business leaders and entrepreneurs.  

Launched in 2006 by Sherry Coutu CBE, Reid Hoffman and Ellen Levy, SVC2UK, now run out of London & Partners, is in its 17th year. Since its inception, SVC2UK has supported 880 Scale Up Club CEOs and founders, including London-based unicorn companies Wise and SkyScanner. Other notable alumni include the likes of Elvie, Trouva and The Drum.  

42% of this year’s cohort are companies from outside the capital, with companies across Manchester, Edinburgh, Birmingham and more. The 2022 Scale Up Club also spans some of the UK’s most innovative sectors, including: FinTech 20%, Healthcare 14%, ClimateTech 6%, Cyber Security 4%, Transportation 4% and EdTech 6%.  

Dr Elliot Street, Inovus Medical Co-Founder and CEO said: 

It’s a real honour to have been selected for the SVC2UK Scale Up Club alongside some of the UKs most exciting and fastest growing tech businesses. Being accepted into the Scale Up Club pays tribute to the ground-breaking technology our development teams have created over the last few years. I wanted to take this opportunity to thank them for their continued dedication to developing technology that is helping improve the surgical care of millions of patients across the globe.

Dr Elliot Street, Inovus Medical Co-Founder and CEO

Each year members of the Scale Up Club are invited to attend the flagship CEO Summit during the annual SVC2UK Summit to access knowledge and mentoring from top innovators, investors and business leaders in the UK and US tech ecosystems. A series of roundtable discussions are delivered throughout the CEO Summit, mentoring Scale Up Club members to reach their growth potential. 

The SVC2UK Summit brings together leading minds from the US and UK to discuss international scaling and collaboration, the game-changing ideas of the future and the role technology can play in solving some of the greatest challenges of our time.   

Janet Coyle, Managing Director Business Growth, London & Partners said: 

“The UK is a leading global hub to grow and scale a business and this year’s Scale Up Club companies demonstrate the diversity and vibrancy of the UK’s scale-up ecosystem. Britain is producing game changing companies across a range of high-growth sectors and it’s fantastic to see representation of businesses from many regions of the country in this year’s cohort.  

It’s also refreshing to see the increasing number of companies with female founders and from diverse backgrounds. As two of the world’s leading hubs for technology and entrepreneurship, the UK and the Bay Area have an important role to play in promoting a fairer and more inclusive global business ecosystem. We look forward to welcoming entrepreneurs, investors, and policymakers to this year’s SVC2UK Summit as we see lots of opportunities for the two ecosystems to collaborate and share ideas.”