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Weight loss technologies
Technology to treat Type 2 diabetes
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Treatment of mitral valve disease
Digital oilfield monitoring
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Early-stage VC in Southeast Asia
Energy monitoring solution using AI and Machine Learning
Developers of a portfolio of therapeutics targeting aging and longevity.
Seed-stage and early-stage VC technology companies in the USA.

PORTFOLIO NEWS

Allurion

IDO Investments has been part of the process of accelerating the launch of the first Allurion Ellipse treatment program, a comprehensive weight loss solution, in Omani hospitals. Allurion is a Boston, Massachusetts-based company that has devised an innovative gastric balloon where no anaesthesia or endoscopy is required. The procedure takes a short time and has break-through potential in the weight loss and obesity marketplace. Based on past treatment data patients who used Ellipse lost an average of 15-20% of their total body weight over a five-month timeframe. Creating nutrition and healthy lifestyle plans alongside professional nutritionists are also a key element of the process and are essential to patients having a long-term benefit from the Ellipse program.

Obesity presents a serious challenge to the Omani society and is a pre-cursor to many serious illnesses. Research and investment into minimally-invasive techniques to address diseases that are creating problems for the Omani people is at the heart of IDO’s strategy. IDO Investments invested into Allurion in 2017 and is a proud partner of the company as it seeks to expand its market presence in the GCC and beyond and help improve the health of people all over the world. In Oman, Allurion has received purchase orders from American Specialty Clinics and Apollo Hospital, both of whom will be the primary hospitals offering the treatment to Omani. With time, the treatment will expand to other hospitals in the private sector. To date, more than 40 Allurion Ellipse balloons were placed into Omani patients successfully.

IDO Investments has been part of the process of accelerating the launch of the first Allurion Ellipse treatment program, a comprehensive weight loss solution, in Omani hospitals. Allurion is a Boston, Massachusetts-based company that has devised an innovative gastric balloon where no anaesthesia or endoscopy is required. The procedure takes a short time and has break-through potential in the weight loss and obesity marketplace. Based on past treatment data patients who used Ellipse lost an average of 15-20% of their total body weight over a five-month timeframe. Creating nutrition and healthy lifestyle plans alongside professional nutritionists are also a key element of the process and are essential to patients having a long-term benefit from the Ellipse program.

Obesity presents a serious challenge to the Omani society and is a pre-cursor to many serious illnesses. Research and investment into minimally-invasive techniques to address diseases that are creating problems for the Omani people is at the heart of IDO’s strategy. IDO Investments invested into Allurion in 2017 and is a proud partner of the company as it seeks to expand its market presence in the GCC and beyond and help improve the health of people all over the world. In Oman, Allurion has received purchase orders from American Specialty Clinics and Apollo Hospital, both of whom will be the primary hospitals offering the treatment to Omani. With time, the treatment will expand to other hospitals in the private sector. To date, more than 40 Allurion Ellipse balloons were placed into Omani patients successfully.

Locum’s Nest

Born out of frustration over the National Health Service (NHS) of the UK procedure in filling vacant shifts, Doctors Ahmed Shahrabani and Nicholas Andreou founded Locum’s Nest. A web platform and mobile application aiming to disrupt the way NHS hospitals address the staffing shortages faced in the UK. The platform allows for doctors and hospitals to connect directly eliminating the need of agencies as the middle men.

In the UK, the current reliance on agencies to fill vacant positions is not only costly, but inefficient and time consuming. With the NHS spending an average of £3.5bn a year on temporary medical staff, external agencies receive around 10% of that in yearly fees. Locum’s Nest aims to slash those costs and pass the savings on to the hospitals. The platform operates a “pay-as-you-go” structure, which allows hospitals to break free from punitive locum agency contracts. Additionally, the platform assists hospitals in digitalising their internal staff banks, and allowing local collaboration between different staff banks, maximising the utilisation of the existing hospitals workforce, making it easier and quicker for hospitals to reach more doctors to fill vacant shifts.

Locum’s Nest began their first trial in October 2017, and to date have scaled to several NHS hospitals and large trust staff banks. To date, the platform has saved the NHS millions of Pounds.

With the co-founder being Omani, Dr Ahmed Shahrabani too is keen to address the current issues faced by the government hospitals in Oman. Currently, Oman’s Ministry of Health relies on sourcing doctors via the Ministry of Manpower, external agents and adverts on their website, however, they have come to realise that the current method is inefficient and allows room for exploitation. Locum’s Nest will be modifying their platform in order to benefit Omani hospitals by granting them access to specialists UK doctors allowing them to come for a 1-3 months clinical placements, with the focus on 3 areas of medicine in Oman, rural, expedition and trauma. This will allow for knowledge transfer from specialist UK doctors to local Omani hospitals.

With the support of the Ministry of Health, the Locum’s Nest team has already filled the first shift in Oman. In October of 2018, Dr Verity Blackburn commenced her 3 month placement in a government hospital. Her short stint aided in areas with shortages of medical professionals and helped with the training and knowledge transfer to Omani hospitals.

Born out of frustration over the National Health Service (NHS) of the UK procedure in filling vacant shifts, Doctors Ahmed Shahrabani and Nicholas Andreou founded Locum’s Nest. A web platform and mobile application aiming to disrupt the way NHS hospitals address the staffing shortages faced in the UK. The platform allows for doctors and hospitals to connect directly eliminating the need of agencies as the middle men.

In the UK, the current reliance on agencies to fill vacant positions is not only costly, but inefficient and time consuming. With the NHS spending an average of £3.5bn a year on temporary medical staff, external agencies receive around 10% of that in yearly fees. Locum’s Nest aims to slash those costs and pass the savings on to the hospitals. The platform operates a “pay-as-you-go” structure, which allows hospitals to break free from punitive locum agency contracts. Additionally, the platform assists hospitals in digitalising their internal staff banks, and allowing local collaboration between different staff banks, maximising the utilisation of the existing hospitals workforce, making it easier and quicker for hospitals to reach more doctors to fill vacant shifts.

Locum’s Nest began their first trial in October 2017, and to date have scaled to several NHS hospitals and large trust staff banks. To date, the platform has saved the NHS millions of Pounds.

With the co-founder being Omani, Dr Ahmed Shahrabani too is keen to address the current issues faced by the government hospitals in Oman. Currently, Oman’s Ministry of Health relies on sourcing doctors via the Ministry of Manpower, external agents and adverts on their website, however, they have come to realise that the current method is inefficient and allows room for exploitation. Locum’s Nest will be modifying their platform in order to benefit Omani hospitals by granting them access to specialists UK doctors allowing them to come for a 1-3 months clinical placements, with the focus on 3 areas of medicine in Oman, rural, expedition and trauma. This will allow for knowledge transfer from specialist UK doctors to local Omani hospitals.

With the support of the Ministry of Health, the Locum’s Nest team has already filled the first shift in Oman. In October of 2018, Dr Verity Blackburn commenced her 3 month placement in a government hospital. Her short stint aided in areas with shortages of medical professionals and helped with the training and knowledge transfer to Omani hospitals.