Bahraini start-up wins award for new system
Manama, June 26, 2012
A Bahraini startup has won a GBP50,000 ($77,910) prize for coming up with a first-of-its-kind system where patients can manage their own medical records.
Patients Know Best (PKB) received the cash from UnLtd, the Foundation for Social Entrepreneurs.
The company, founded by Bahraini chief executive officer Dr Mohammad Al Ubaydli, is part of UnLtd's Big Venture Challenge Award scheme and was congratulated on its success by Industry and Commerce Minister Dr Hassan Fakhro.
It received the cash to match the first GBP50,000 investment already secured from Silicon Valley angel investors and is one of only eight social enterprises in the UK given a similar matched funding award.
"We're really proud to have received this recognition from UnLtd to support our expansion in the UK," said Dr Al Ubaydli in a statement.
"We're also proud to be one of the only UK social enterprises receiving investment from Silicon Valley, showing we can compete globally - and help millions of patients across the world."
A number of UK National Health Service teaching hospitals have signed up as PKB customers since the start of the year including Evelina Children's Hospital, St Mark's Hospital, Salford Royal Hospital and Luton and Dunstable Hospital. PKB has also recently started working with health charity the AKU Society and with Invictus Health, a concierge medicine provider providing a premium patient service. It is now operating in the US, Nigeria and South Africa and has ambitious global expansion plans. – TradeArabia News Service