Lua Health

WestBIC is an Enterprise Ireland partner providing hands-on startup support, funding readiness and investment preparation for early-stage founders in the west of Ireland.

Annually, around 12 billion workdays are lost due to employee depression and anxiety, costing the global economy nearly $1 trillion. Mental wellness issues often go unnoticed until they escalate, resulting in productivity setbacks like presenteeism, absenteeism, and attrition. Established in September 2023, Lua Health utilises advanced algorithms to gauge mental wellness indicators like depression, anxiety, stress, and burnout through analysis of textual or verbal data sourced from corporate communications. By monitoring these signals in real-time, Lua can swiftly identify downward trends in employee wellbeing and intelligently guide individuals towards appropriate support resources, whether internal (like Employee Assistance Programs or mindfulness sessions) or external. With Lua Health, companies can proactively nurture a culture of mental wellness, fostering healthier and more productive work environments for all employees.

Key supports received during start-up process & the role WestBIC played

Enterprise Ireland played a key role in providing our initial funding, while WestBIC was essential in assisting us with the development of necessary materials. During our application for the High Potential Start-Ups (HPSU) fund, John Brennan from WestBIC delivered a financial modeling module and provided invaluable one-on-one sessions to aid in building out our financial projections. John's support proved vital in preparing us for investor engagement in the next phase of our journey. WestBIC provided significant support to Lua Health, offering guidance on our initial application, iteratively reviewing drafts, and providing updates based on their business expertise.

Words of advice for new start-ups

Enterprise Ireland played a key role in providing our initial funding, while WestBIC was essential in assisting us with the development of necessary materials. During our application for the High Potential Start-Ups (HPSU) fund, John Brennan from WestBIC delivered a financial modeling module and provided invaluable one-on-one sessions to aid in building out our financial projections. John's support proved vital in preparing us for investor engagement in the next phase of our journey. WestBIC provided significant support to Lua Health, offering guidance on our initial application, iteratively reviewing drafts, and providing updates based on their business expertise.

Future Plans

Lua Health discreetly identifies workplace wellness-related conditions using our cutting-edge AI algorithm, offering early interventions and precise support for employees. Our data platform empowers managers to tailor custom support, while our focus on future plans involves expanding globally, launching in new markets, enhancing software, and enriching client feedback with real-time data dashboards. By prioritising product development, R&D, and commercial expertise, we aim to add more value for customers and attract new ones, solidifying our commitment to advancing workplace wellness on a global scale.