Startups 100: CoolMed Named on Annual Index of Disruptive UK Startups

• 15th annual Startups 100 celebrates best new UK businesses
• Previous winners include Monzo, Deliveroo, and HelloFresh
• This year’s listees have collectively raised £2.5 billion in finance

The UK’s longest-running index of the 100 most disruptive and innovative small businesses has been announced, and here at CoolMed we’ve been listed at number 83!

For the 15th year, Startups.co.uk has identified which UK businesses launched in the last 5 years are making waves. The list showcases the best of British innovation and entrepreneurship – so we’re thrilled to have been included in the list!

CoolMed Featured in The 2023 Startups 100 Index

It’s no secret that the UK healthcare industry is under significant strain. Understaffing and underfunding has put financial strain on the NHS, while an ageing population means that health and social care services have never been more in demand.

At CoolMed we’ve been supporting the healthcare sector since 2017 by manufacturing and supplying medical-grade fridges at exceptionally low prices – something the Startups Index recognised and were ‘wowed’ by.

The Startups Index also commented on our clever design strategy, through which we’ve provided real added-value to big-name partners such as Lloyds Pharmacy and the billion-dollar American pharmaceutical distributor, McKesson.

Our commitment to sustainability and CSR was also commented on, with the judging panel stating: “CoolMed has gone two steps further than its market competitors” due to our charity partnerships with Earthly and Cool Earth.

Commenting on our inclusion in the annual Startups 100 Index, Stephen Johnson, CoolMed CEO, stated: “We’re thrilled to have been included in The 2023 Startups 100 Index. It’s great to see that our commitment to providing good-quality healthcare products at reasonable prices has been recognised and rewarded. We look forward to continuing to support the UK’s healthcare industry, as well as healthcare services further afield.”

The Startups 100 2023 Ranking Methodology

The index comprises businesses that are UK-based, privately-owned, and launched after 1 January 2017. A weighted score is given to every business entrant based on five key areas of analysis:

• Finance
• External validation
• Size of opportunity
• Innovation
• Strength of concept

These scores are then averaged out to give us our overall ranking for the Startups 100 Index 2023.

Sitting at the judges’ table and selecting special award-winners were influential business figures Sahar Hashemi OBE, Alison Loveday, Deann Evans, Christopher Kenna, Ian Wallis, Rachel McClelland, Andrea Pattico, and Eloise Skinner.

Editor of Startups.co.uk Richard Parris said: “The 2023 Startups 100 shows businesses don’t have to sacrifice profits to have purpose. Against a backdrop of gloomy global events we can see UK entrepreneurs creating new ventures that not only create jobs but also make a real difference to the world around them – I think this is the inspiration we all need to take into the year ahead.”