Loughborough Alumni

News

14 Nov 2018

Alumnus triumphs at Great British Entrepreneur Awards

Loughborough University graduate and founder of assistive technology company Alcuris, Alex Nash, is celebrating success at the NatWest Great British Entrepreneur Awards, having been chosen from over 3,000 applications and 40 finalists from throughout the UK. 

Last night, at the Midlands finals, he was awarded Entrepreneur for Good, as well as Young Entrepreneur runner-up.

Alex’s business stems from his Grandfather being diagnosed with Alzheimer's disease, further complicated by type 2 diabetes. During visits, Alex realised how easily his Grandfather could forget to do certain tasks; take his tablets, lock the front door, or inject his insulin before eating. 

Memo, Alcuris’ first product range, is a connected family of products enabling independence for the vulnerable, reassurance for their families and insight to health and care providers. The system – which interfaces with third-party smart devices in the home – is about to start trials with multiple local authorities throughout the UK.

Alex, who graduated in 2016 with a first-class degree in Product Design Engineering, founded Alcuris during his final year having gained invaluable insight into entrepreneurship during an exchange programme at the Massachusetts Institute of Technology.

Alcuris has enjoyed significant growth since joining the innovation community at Loughborough University Science and Enterprise Park. An Innovate UK Innovation Award and private investment totalling £640,000 has enabled the creation of eight jobs, with a further two by the end of 2018.

Memo’s commercial potential has also been supported with start-up funding from Loughborough Enterprise Network and further recognition from Loughborough University and Santander Universities Entrepreneurship Awards. Alex is also a finalist in the BMW i UK Tech Founder Awards, which will be announced on 27 November.

Professor Tracy Bhamra, Pro-Vice Chancellor for Enterprise at Loughborough University, said: “Alex is an outstanding ambassador for Loughborough’s student and graduate enterprise community.

She continued: “In less than a year, Alcuris has attracted investment from some of the UK’s leading entrepreneurs, appointed as the director the Global CEO of Tunstall, and created excellent employment opportunities for several University graduates. Many congratulations to Alex and the team at Alcuris – I wish them continued success with the launch of the new investment round.”

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