A Dublin-based startup, Nocomed, is receiving €650,000 in seed funding to enhance its sustainability software designed for the healthcare sector. Focusing on emissions from supply chains, the company aims to provide an automated platform for healthcare organizations. This funding round sees investments from notable figures like Barry Comerford and Edmund Wilson, as well as support from Enterprise Ireland.
Why is Emissions Reduction Crucial for Healthcare?
Emissions from healthcare surpass those from the aviation sector, accounting for over 4% of global carbon emissions. A staggering 70% of these emissions occur outside hospital settings, associated with purchased goods, manufacturing, and logistics. Environmental regulations in Europe are growing stricter, pressuring suppliers to offer credible emissions data and ensure measurable progress.
How Does Nocomed’s Platform Address This Issue?
Nocomed’s platform differentiates itself by automating emissions data collection and aligning with the Greenhouse Gas Protocol. By functioning as a perpetual system integrated into daily operations, it provides a more comprehensive approach than standalone carbon accounting tools. Customers benefit from continuous data collection, creating auditable baselines and dynamic reduction plans.
Past developments in the sustainability software landscape largely focused on manual or project-based solutions that did not fully address emissions data visibility. Nocomed offers a shift from fragmented spreadsheets to an integrated platform owning the data and building an institutional framework over time. This transition intends to enhance efficiency in recurring reporting and emissions reduction efforts.
CEO and co-founder Rosemary Durcan highlighted a growing concern: the healthcare sector, ironically aiming to better human health, is contributing to health-related emissions challenges. Speaking on the company’s mission, she stated,
Nocomed was created to provide actionable insights into supply chain emissions, not just generate reports.
With fragmented approaches to data management, many suppliers remain challenged in gaining full visibility of emissions. In response, Nocomed offers not just an in-house alternative but a system intended for ongoing engagement, as co-founder and CTO Dónal Adams explains.
The platform allows entities to build on existing data, averting repetitive start-from-scratch scenarios.
The recent funding will boost Nocomed’s product development and market expansion, targeting growth in Ireland, the UK, and wider Europe. The enhancement aim is to offer healthcare and life sciences organizations a stronger grip on managing their supply chain emissions, aligning with increasing sustainability demands.
Nocomed’s commitment to maintaining data ownership and institutional knowledge positions it as an attractive option for organizations striving to meet new environmental standards. With this injection of funds, the company stands ready to fortify its offerings and broaden its presence across key European markets.
