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How Scimita Ventures is Powering the Future of Innovation
Thomas Telfer of Scimita Ventures explains how his deep tech company takes early-stage physical science ideas through to real products, from non-invasive glucose monitors to battery recycling.
About the guest
Thomas Telfer
COO, Scimita Ventures
Thomas Telfer completed a PhD in pharmacology at Sydney, specialising in modifying iron-chelating drugs to improve their properties and tolerability for patients who required blood transfusions. After leaving academia and passing through two early-stage startups, he joined Scimita Ventures, a deep tech company that helps SMEs, entrepreneurs, and universities take physical science ideas to product. He has worked on projects spanning non-invasive blood glucose monitors, bed bug detection systems, material science innovations, and battery recycling for the circular economy.
Episode overview
Steve Grace had visited Scimita’s warehouse years before this episode and describes it as one of the most unusual and impressive things he had seen in the startup ecosystem. This conversation catches up on what Scimita has built, what they are working on now, and why the path from a PhD in drug modification to COO of a deep tech product studio makes more sense than it sounds. Thomas Telfer covers the non-invasive blood glucose monitor project that ran through COVID, the circular economy work that has become the company’s primary focus, and what is coming next with a new facility in Western Sydney.
What Scimita Ventures actually does
Scimita describes itself as a small business that helps others take very early-stage ideas or technologies through to physical products. The word Thomas uses is “deep tech”: physical science and engineering-based products rather than software. They are not an accelerator or incubator. They are scientists and engineers who work directly alongside their clients on the development. Their client base includes SMEs, entrepreneurs, and universities, covering people who have the idea but not the team to bring it to reality. The company has a facility in Western Sydney and is expanding.
“I realised that to have an impact, it’s not just the science. You need to bring in the business side of thinking, the funding. And that’s really what led me out to explore startups.”
Thomas Telfer on leaving academia 05:50
Non-invasive blood glucose monitoring through COVID
The first major project Thomas describes was an in-house venture: developing a non-invasive blood glucose monitor. Current solutions require either a finger prick or a continuous monitor with a needle under the skin. Scimita started with a large proof-of-concept machine demonstrating a correlation between blood glucose levels and non-invasive measurements, then built a smaller clinical device and ran it through a year-long clinical trial with diabetes patients. The trial was conducted entirely during COVID, with Thomas lying on his lounge at home with a device attached to him while a colleague in another suburb controlled the machine remotely via camera.
Battery recycling and the circular economy
As Scimita matured, it narrowed its focus toward materials, energy, and circular economy projects. Battery recycling is one of the active areas, addressing the growing challenge of managing end-of-life batteries as EV and energy storage adoption accelerates globally. Thomas describes this focus shift as a natural progression: the problems are large, the commercial opportunity is real, and Scimita’s generalist science and engineering capability is particularly well-suited to materials challenges that do not fit a single existing discipline.
“Because we’re working with so many different people and so engaged in the ecosystem, we’re able to pick up all the challenges that everyone is experiencing and bring that knowledge in to help them out.”
Thomas Telfer on Scimita’s cross-pollination advantage 18:20
From pharmacology PhD to startup COO
Thomas’s path from drug modification research to running operations at a deep tech product studio is a story about wanting immediate impact. Academic research felt too far removed from real outcomes: even a successful drug discovery could be 20 years from market. The PhD was broader than most, requiring expertise across multiple disciplines to modify a drug’s chemical structure by feeding bacteria slightly different building blocks. That generalist scientific thinking translated naturally to the kind of multi-domain problem-solving Scimita does every day.
Key takeaways
Chapters
00:35What Scimita Ventures does02:10Thomas’s background: from pharmacology to entrepreneurship05:00Transitioning from academia to startups07:45Non-invasive blood glucose monitor project10:15The impact of COVID-19 on product development12:30Collaboration with universities and entrepreneurs15:00Circular economy projects: battery recycling18:40Expanding to a new facility in Western Sydney
Mentioned in this episode
Frequently asked questions
What does Scimita Ventures do?
Scimita Ventures is a deep tech company that helps SMEs, entrepreneurs, and universities take early-stage physical science and engineering ideas through to real products. They are a team of scientists and engineers who work directly alongside clients on product development, rather than offering funding or advice alone. Their current focus is primarily on materials, energy, and circular economy projects.
What is the non-invasive blood glucose monitor project?
Scimita developed an in-house project to create a blood glucose monitor that does not require a finger prick or a needle under the skin. They started with a large proof-of-concept machine demonstrating the principle, then built a smaller clinical device and ran it through a year-long clinical trial with diabetes patients during COVID. The trial involved participants at home with devices controlled remotely, building an algorithm to correlate non-invasive measurements with actual blood glucose levels.
How does Scimita Ventures differ from an accelerator?
Accelerators provide funding, mentorship, and community, typically without hands-on technical involvement in product development. Scimita Ventures does the opposite: they are scientists and engineers who work directly on the physical development of products alongside their clients. They do not take equity stakes as the primary model. Their value is in the hands-on capability to actually build and test physical products, not in funding or networks alone.
What circular economy work is Scimita doing?
Scimita has focused increasingly on materials, energy, and circular economy projects. Battery recycling is one active area, addressing the challenge of managing end-of-life lithium batteries as electric vehicles and energy storage systems reach scale. They also work on other waste-to-value and material recovery projects that combine commercial viability with environmental outcomes.
How did Thomas Telfer go from a PhD in pharmacology to COO of a deep tech startup?
Thomas found academic research too removed from immediate impact. Even a successful drug discovery could be 20 years from reaching patients. He moved into early-stage startups seeking more immediate results, then joined Scimita through a personal network connection. His generalist approach to his PhD, spanning multiple scientific disciplines rather than the typical narrow specialisation, proved directly relevant to the multi-domain problem-solving that Scimita does every day.
Topics discussed
Full transcript
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Show full transcript (34 minutes, 5 sections)
00:35 What Scimita Ventures does
Steve Grace introduced Thomas Telfer as someone he had visited at Scimita’s warehouse years earlier and been completely blown away by. Thomas described Scimita as a small business that helps others take very early-stage ideas or technologies through to physical products. The word he uses to describe it is deep tech: physical science and engineering-based products. They work directly alongside clients rather than providing funding or advice alone. Their clients include SMEs, entrepreneurs, and universities.
02:10 Thomas’s background: pharmacology to COO
Thomas studied science at university, specialising in pharmacology, driven by a great science teacher at his Catholic high school in Sydney named Brother Anthony. He completed a PhD modifying the chemical structure of an iron-chelating drug used to manage iron overload in patients requiring blood transfusions. The PhD required spanning multiple scientific disciplines and managing an independent research project, which Thomas credits as preparation for the generalist startup environment. After becoming frustrated with the 20-year timescales of academic drug development, he moved into startups.
07:45 Non-invasive blood glucose monitor: the COVID trial
Scimita’s first in-house venture was a non-invasive blood glucose monitor. They started with a large proof-of-concept machine, then built a smaller clinical device and ran a year-long clinical trial with diabetes patients. The trial started in 2020 and the world shut down a few months later. They adapted by conducting self-testing at home, with Thomas lying on his lounge with the device attached and a colleague in another suburb controlling the machine remotely via camera. The trial built an algorithm correlating non-invasive measurements with blood glucose levels.
15:00 Circular economy focus: battery recycling
As Scimita matured, it shifted its primary focus toward materials, energy, and circular economy projects. Battery recycling is one active area, addressing the growing challenge of managing end-of-life lithium batteries as EV and energy storage adoption accelerates. Thomas described this shift as natural given Scimita’s multi-disciplinary capability: the problems are commercially significant, the technology challenges are in their wheelhouse, and the opportunity to work with both private SMEs and universities is substantial.
18:40 Expanding to a new Western Sydney facility
Scimita is expanding into a new facility in Western Sydney that will increase their capacity for physical product development. Thomas described this as part of a strategic push to grow their ability to work on more projects simultaneously and attract larger clients. The cross-pollination advantage of working across many clients and industries was identified as a core part of what makes Scimita different: lessons from solving one client’s problem often accelerate solutions for the next.
About the host
Steve Grace is the CEO and co-founder of The Nudge Group, a talent and advisory firm working with Australia’s fastest-growing tech and professional services companies. He has spent two decades recruiting and advising executive teams. Give It A Nudge is where he shares unfiltered conversations with founders, operators, and investors building something worth talking about. LinkedIn
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