In this episode of Fundraising Demystified, Mustafa Al-Adhami, co-founder and CEO of Aztek Diagnostics takes us on his incredible journey through the highs and lows of fundraising and building a medical device startup. From a modest beginning as a refugee ten years ago to now being on the cusp of bringing their revolutionary product to market, Mustafa’s story is one of perseverance, learning from mistakes, and taking risks. Join us as we delve into the challenges faced in the healthcare industry, the importance of grants and funding, and the power of staying curious and asking questions.
Here are some key points in this episode
02:25 Rapid antibiotic sensitivity test development.
07:51 Investors invest in a line.
14:44 Government grants can provide valuable funding for startups.
20:48 Surround yourself with experienced advisors.
25:17 Overcome obstacles and keep trying.
33:26 Investors value belief and assistance.
36:04 Ask for advice, believe in yourself.
About Mustafa Al-Adhami
Mustafa Al-Adhami is the co-founder and CEO of Aztek Diagnostics. He has a PhD in mechanical engineering with a focus on blood hemodynamics. Mustafa's background in research and his personal experience with his grandfather's illness inspired him to develop a rapid antibiotic sensitivity test. He is passionate about addressing the problem of antibiotic resistance and improving patient outcomes. Mustafa has navigated the challenges of building a healthcare startup, including raising funding, conducting clinical trials, and navigating regulatory processes. He believes in surrounding himself with experienced advisors and investors who can provide guidance and support.
Links Mentioned
You can connect with Mustafa via LinkedIn at https://www.linkedin.com/in/maladhami/.
To know more about the company and their product you can visit Aztec Diagnostics' website at https://astekdx.com/.
Hosted by Jason Kirby - https://www.linkedin.com/in/jasonrkirby/
Thunder website - https://web.thunder.vc
Do not forget to hit subscribe for more episodes!
