The new company began life in the MIC as it opened early in 2022 and has not only increased the size of the team it has also made good first year profits.
Tom Cole XT Biomed Managing Director said:
“It normally takes years for new companies to discover how to make a profit, a profitable business doesn’t just happen.”
“We are extremely proud of how we have grown the business. We give our customers value for money in the most efficient way, keeping our overheads low and managing our resources effectively.”
“It is a pleasure to work with such a talented team of engineers; we have worked incredibly hard to establish ourselves as the innovators of new medical devices.”
XT-Biomed develop products for the medical industry so work within one of the most regulated sectors in the UK.
They have also recently passed BSI ISO 13485:2016 and EN ISO 13485:2016 which is the best internationally accepted model a medical device organisation can implement to help demonstrate compliance to laws and regulations of the medical device industry.
“These regulatory requirements are intended to ensure that manufacturers consistently design, produce and place onto the market medical devices that are safe and fit for their intended purpose. This BSI registration is the pathway to our continued success and we achieved this in just 12 months. It demonstrates the effective interconnectivity of our processes.”
“We are looking forward to developing more innovative medical products which will help improve the quality of life of thousands of people.”
Maidstone Innovation Centre is a Maidstone Borough Council initiative, which was part funded by the European Regional Development Fund 2014-2020 and offers state of the art facilities with flexible working space, offices, meeting rooms and conference facilities. Part of the Kent Medical Campus, it is aimed at businesses working in the life science, healthcare and medical sectors.
Leader of Maidstone Borough Council, Cllr David Burton said: “The Maidstone Innovation Centre offers the best in terms of facilities, support and expertise. I am delighted to hear of the success XT Biomed have achieved in such a short period of time, they are a great example of the vital research and development work taking place in Maidstone. I wish them every success.”
To find out more about the Maidstone Innovation Centre, please go to the website and social media:
Sign up to Maidstone Borough Council e-newsletters ‘Stay Connected’ to receive vital news and updates via email for the many services and events provided by the Council https://maidstone.gov.uk/StayConnected