Franki Coulthurst
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Franki Coulthurst
NeoDuoFloVerifiedANFF cohort
Franki Coulthurst
Double lumen neonatal feeding tube to address CPAP belly in pre-term infants
🚀 FundraisingHealthtech / BiotechDeep Tech / HardwareImpact / ESG
Raising
$500K
Equity
$50K
Min. Ticket
$5M
Val. Cap
11 Nov 2026
Target Close
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About NeoDuoFlo

NeoDuoFlo™ is developing a dual-lumen orogastric feeding tube concept for premature babies on CPAP, designed to feed them and relieve gas from the stomach at the same time, through one tube. Founded by a practising neonatal intensive care nurse. Bench proof of concept complete, manufacturing prototypes built, PCT international patent application filed.

🎯 The Problem

CPAP keeps premature babies alive, but its pressure also forces gas into the stomach. The belly swells, presses on the lungs and feeds are stopped. This is CPAP Belly Syndrome, documented since 1992: in the original study, 10 of 12 babies under 1 kg on CPAP developed it. It can look like a bowel emergency, triggering work-ups costing over A$15,000, and affected babies take around three extra days to reach full feeds. Today's tube can feed or vent gas, never both.

💡 The Solution

NeoDuoFlo™ is designed as one tube with two channels: milk and medication down one, gas up the other, at the same time and passively. No suction, no power, no electronics. It is designed as a drop-in replacement for the tube nurses already use: same insertion, same position check, no retraining. Independent bench testing at Flinders University confirmed simultaneous feeding and gastric decompression under simulated conditions.

💰 Raise Details

Raise Target
$500K
Instrument
Equity
Valuation Cap
$5M
Min. Ticket
$50K
Target Close
11 Nov 2026
Market Size

Around 4 million babies a year receive non-invasive breathing support worldwide. At A$50–70 per device and around 33 tubes per baby (clinician estimate), that is a global opportunity of almost A$8 billion in hospital spend, with a A$283M serviceable market across Australia, the US, the UK, Canada and India. Beachhead: seven Australian NICUs where the founder has clinical relationships. The design could extend to high-flow, term and paediatric patients over time.

Use of Funds

A$500K pre-seed, priced equity, with Brisbane Angels at deal stage. Funds take NeoDuoFlo™ to first-in-human ready: bench validation under design control, a neonatal preclinical study at The University of Queensland, regulatory groundwork (FDA Q-Submission and CE marking pathway), IP and prototyping, with first-in-human planned for 2027.

Raise Summary

Raising A$500K pre-seed (priced equity) to make NeoDuoFlo® first-in-human ready. Brisbane Angels are at deal stage, and the round closes in November 2026. The funds take us through the milestones that turn a validated concept into a clinical-stage company: bench validation under design control, a neonatal preclinical study with The University of Queensland, regulatory groundwork towards an FDA Q-Submission and the CE marking pathway, and continued IP protection and prototyping. A 1:3 match has been applied for through the Queensland Female Founders Co-Investment Fund, which would extend every investor dollar further. ESIC eligibility is being confirmed, which may give eligible investors access to early-stage tax incentives.

📄 Documents

🔒 NeoDuoFlo_Pitch_Deck_Non-Confidential_Oct2026_v20.pdfRegister as an investor to view →

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👥 Team

Francesca Lily Coulthurst
Francesca Lily Coulthurst
CEO, Founder, Director
Practising neonatal intensive care nurse in Brisbane, with postgraduate qualifications in neonatal intensive care. Founded NeoDuoFlo™ after years managing CPAP Belly Syndrome at the cotside.
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Phil Nowell
Phil Nowell
Go-to-Market Adviser
Medical device industry leader and former Cook Medical executive. He advises NeoDuoFlo on go-to-market strategy, distribution, investor readiness and company structure
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Dr Anabela Correia
Dr Anabela Correia
Commercialisation Adviser, InnerMaven
Commercialisation specialist and founder of InnerMaven, supporting medical technology companies from early development through to investment and market. She advises NeoDuoFlo on commercial strategy, financial modelling and capital raising.
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Paul L. Clark
Paul L. Clark
Regulatory Adviser, Eleven Borders
Global regulatory strategist with more than 30 years in MedTech. He is a former TGA device evaluator and CE Lead Auditor, with decades of direct experience with the FDA. He advises NeoDuoFlo on regulatory pathways across Australia, the US, EU, UK and Canada.
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Dr Mark Luhovy, MD, GAICD
Dr Mark Luhovy, MD, GAICD
Adviser, Clinical & Commercial Strategy
Medical doctor and biomedical engineer with nearly 20 years' experience in medical technology. Advises NeoDuoFlo on clinical and commercial strategy.
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Dr Stuart Grant, PhD CEng
Dr Stuart Grant, PhD CEng
Engineering & Design Controls Adviser, Archetype MedTech
Chartered engineer and medical device development specialist at Archetype MedTech. He advises NeoDuoFlo on design controls, verification testing and development planning.
in
DP
Dr Pieter Koorts, MBChB, FRACP
Clinical Adviser, Neonatologist
Neonatologist with extensive experience caring for premature infants on non-invasive respiratory support. He advises NeoDuoFlo on clinical need, device use in the NICU, and the pathway to first-in-human studies.
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🏭 Sector Focus
Healthtech / BiotechDeep Tech / HardwareImpact / ESG
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