Developer docs
API playgroundTry for free, no card

Search company profiles

Scarlet

Full company profile

uuid0000mvq

Namestring
Scarlet
Legal namestring
Scarlet Global Holdings Ltd
Websiteurl
scarlet.cc
Company typeenum
Private
Founded yearint
2020
Descriptiontext

Scarlet is a privately-held Notified Body headquartered in London, founded in 2020, that operates as Europe's only certification body specialized in Software as a Medical Device (SaMD) and AI-based medical devices. Through its operating subsidiaries Scarlet NB B.V. (Netherlands) and Scarlet NB UK Ltd, the company issues conformity assessment certificates under EU MDR (Regulation 2017/745), UK MDR, ISO 13485 (quality management), ISO 27001 (information security), and ISO 42001 (AI management system), covering medical devices from Class Im through Class III. Scarlet positions itself around deep assessor expertise in iterative AI development, enabling AI medical device manufacturers to ship frequent model updates without the certification bottlenecks typical of traditional Notified Bodies.

The company's proprietary Scarlet Application Portal serves as the operational backbone for submissions, compliance data exchange, and ongoing certificate management. Its core products are AI Medical Device Certification Services and a Certificate Transfer Service offering a 4-week migration path from competing Notified Bodies. Revenue is generated through two streams: one-time Initial Certification Fees (typically starting at €100,000 for EU/UK MDR plus ISO 13485) and recurring Annual Service Fees at a €5,000/month equivalent, billed monthly under multi-year contracts. The pricing model is transparent and fixed, with size-based adjustments for SMEs.

Scarlet targets AI medical device manufacturers and healthcare AI startups, primarily in the EU and UK markets, via a sales-led enterprise GTM motion delivered through its website contact forms and scheduled calls. Named customers include Flok Health, Lucida Medical, Skin Analytics, Feebris, Augmedit, Tandem Health, Fraiya, and Floy. The company has raised approximately $26.5M across three funding rounds (2021 seed, 2022 seed extension led by Creandum, 2024 Series A led by Atomico) and operates with 51-100 employees based across the UK, EU, and US.

Short descriptiontext

Scarlet is Europe's only Notified Body specialized in AI and Software as a Medical Device (SaMD), certifying AI medical devices under EU MDR, UK MDR, and ISO standards for AI medical device manufacturers and healthcare startups.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
medical device certification, AI medical device conformity, EU MDR Notified Body, SaMD regulatory assessment, ISO 13485 certification
Industry2 codes
1DTx/SaMD Regulatory, Quality & Compliance Software (QMS/ISO/FDA)
CodeHLACANANPrimaryYes
2Regulatory Readiness & Audit Automation (e.g., EU AI Act, NIST AI RMF, ISO/IEC 42001)
CodeHDAAAMAEPrimaryNo
NAICS code1 code
  • Testing Laboratories and Services541380
SIC code1 code
  • Services-Testing Laboratories8734
Product category
Medical Device Certification & Regulatory Compliance Services
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Initial Certification Fees
TypeOne Time License
Description

One-off fees covering assessment and decision for initial certificate. Paid partially at service start and in full once Initial Application has been submitted and accepted. Calculated based on scope of certificate sought (certificate type, organization size, product scope, risk class). Typically starts from €100,000 for EU or UK MDR plus ISO 13485.

scarlet.cc
2Annual Service Fees
TypeSubscription Recurring
Description

All-inclusive ongoing service fees covering product updates and surveillance activities. Paid in monthly installments from service start. Covers all maintenance activities including audits, change request processing, and support for the lifetime of the certificate. Calculated based on scope of ongoing services, typically starting at €5,000 per month equivalent.

scarlet.cc
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Pricing details2 tiers
1Initial Certification Fee - One-time assessment fee
ModelOne time/ perpetual licenseBilling cadenceMulti-year contract
Notes

Typically starts from €100,000. Covers EU or UK MDR, as well as ISO 13485. Paid partially at start of service, balance upon submission and acceptance of Initial Application. Calculated based on certificate type, organization size, product scope (number of devices and risk classes).

scarlet.cc
2Annual Service Fee - Ongoing certification maintenance
ModelSubscriptionBilling cadenceMonthly
Notes

Service Fee at equivalent of €5,000 per month. Covers all ongoing certification services including product updates, surveillance activities, audits, change request processing, and support. Paid monthly. All-inclusive with no hidden costs.

scarlet.cc
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Scarlet is a Notified Body that provides conformity assessment and certification services for AI-based medical devices and Software as a Medical Device (SaMD) under EU MDR, UK MDR, ISO 13485, ISO 27001, and ISO 42001. The offering is purpose-built for AI manufacturers needing iterative model updates, with a specialized application portal, remote audits, transparent fixed-fee pricing, and a streamlined 4-week transfer process for certificates issued by other Notified Bodies.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • 14 weeks to EU MDR certification for AI physiotherapy device (Flok Health)
+5 more records
Product overview1 text field

Scarlet is the only Notified Body specialized in AI and Software as a Medical Device (SaMD), offering conformity assessment services for EU MDR, UK MDR, ISO 13485, ISO 27001, and ISO 42001 certifications. The core offering consists of AI Medical Device Certification Services, which provide a streamlined path to certification designed for iterative software development. A supplementary Certificate Transfer Service enables manufacturers to transfer existing certificates in four weeks. Customers interact with the platform through Scarlet's Application Portal. The company also provides LLM Guidance Resources and publishes Customer Stories documenting successful certifications across diverse AI medical device categories including radiology, dermatology, surgery, and diagnostics.

Product and service2 records
1AI Medical Device Certification Services
CategoryConformity assessment & certification
Description

Conformity assessment services for AI medical devices and Software as a Medical Device (SaMD) under EU MDR, UK MDR, ISO 13485, ISO 27001, and ISO 42001, covering Class Im, IIa, IIb, and III devices, with assessment processes designed for iterative AI model updates and frequent software releases. Targeted at AI medical device manufacturers seeking EU and UK market access.

2Certificate Transfer Service
CategoryConformity assessment & certification
Description

Dedicated transfer service for manufacturers already certified by another Notified Body, providing a customized transfer plan aligned to existing surveillance schedules and a streamlined 4-week timeline for EU MDR, UK MDR, and/or ISO 13485 certificates. Targets manufacturers dissatisfied with timelines or AI expertise at their current body.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

BSI is one of the largest and longest-established Notified Bodies in the UK/EU for medical devices, including SaMD and AI-enabled devices. It is a direct comparator because Scarlet's former BSI CEO (Howard Kerr) is on its advisory bench, and BSI is the established player Scarlet is most directly taking share from in AI/SaMD certification.

TypeBroad incumbent
Description

TÜV SÜD is a major German-headquartered Notified Body designated under EU MDR with broad medical device certification capabilities, including digital health and software. Comparable to Scarlet as a regulated conformity assessment body for medical devices, but operating across a much broader portfolio of standards and industries.

TypeBroad incumbent
Description

TÜV Rheinland is a global testing, inspection, and certification organization with a designated Notified Body under EU MDR. Comparable to Scarlet in the conformity assessment process for medical devices but as a much larger generalist serving multiple industries and standards beyond SaMD/AI.

TypeBroad incumbent
Description

DEKRA is a large European testing and certification organization expanding into medical device certification, including SaMD. It competes with Scarlet as a notified/regulated assessment body for medical devices but from a much broader testing, inspection, and certification portfolio.

TypeDirect peer
Description

NSAI operates a Notified Body for medical devices under EU MDR. It is comparable to Scarlet as a smaller, designated Notified Body competing in the same medical device conformity assessment market in Europe, though with less AI/SaMD specialization.

TypeBroad incumbent
Description

Eurofins is a large testing services group that has expanded into medical device testing and certification-adjacent services. Comparable to Scarlet in providing regulated testing/assessment services to medical product manufacturers, though Eurofins is much broader and not specifically a Notified Body for SaMD.

TypeBroad incumbent
Description

Intertek is a global assurance, inspection, and product testing company with medical device testing services. Comparable to Scarlet in providing independent third-party assessment services that support regulatory market access, but as a diversified generalist across many product categories.

TypeBroad incumbent
Description

SGS is one of the world's largest testing, inspection, and certification companies, with medical device certification capabilities. Comparable to Scarlet as a regulated third-party conformity assessment provider, though at much larger scale and broader industry coverage.

TypeBroad incumbent
Description

Element provides testing and certification services including for medical devices and life sciences. Comparable to Scarlet as a regulated testing/certification services provider to manufacturers seeking market access, though Element is heavily weighted toward materials and product testing rather than SaMD specialization.

TypeEmerging player
Description

Nelson Labs provides laboratory testing services specifically for the medical device and pharmaceutical industries. Comparable to Scarlet in serving medical device manufacturers seeking third-party testing/certification support, though focused on lab-based sterility and biocompatibility testing rather than software/AI conformity assessment.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers10 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance5 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Scarlet

Medical Device Certification & Regulatory Compliance Servicesscarlet.cc

Scarlet is Europe's only Notified Body specialized in AI and Software as a Medical Device (SaMD), certifying AI medical devices under EU MDR, UK MDR, and ISO standards for AI medical device manufacturers and healthcare startups.

What Scarlet does

Scarlet is a privately-held Notified Body headquartered in London, founded in 2020, that operates as Europe's only certification body specialized in Software as a Medical Device (SaMD) and AI-based medical devices. Through its operating subsidiaries Scarlet NB B.V. (Netherlands) and Scarlet NB UK Ltd, the company issues conformity assessment certificates under EU MDR (Regulation 2017/745), UK MDR, ISO 13485 (quality management), ISO 27001 (information security), and ISO 42001 (AI management system), covering medical devices from Class Im through Class III. Scarlet positions itself around deep assessor expertise in iterative AI development, enabling AI medical device manufacturers to ship frequent model updates without the certification bottlenecks typical of traditional Notified Bodies.

The company's proprietary Scarlet Application Portal serves as the operational backbone for submissions, compliance data exchange, and ongoing certificate management. Its core products are AI Medical Device Certification Services and a Certificate Transfer Service offering a 4-week migration path from competing Notified Bodies. Revenue is generated through two streams: one-time Initial Certification Fees (typically starting at €100,000 for EU/UK MDR plus ISO 13485) and recurring Annual Service Fees at a €5,000/month equivalent, billed monthly under multi-year contracts. The pricing model is transparent and fixed, with size-based adjustments for SMEs.

Scarlet targets AI medical device manufacturers and healthcare AI startups, primarily in the EU and UK markets, via a sales-led enterprise GTM motion delivered through its website contact forms and scheduled calls. Named customers include Flok Health, Lucida Medical, Skin Analytics, Feebris, Augmedit, Tandem Health, Fraiya, and Floy. The company has raised approximately $26.5M across three funding rounds (2021 seed, 2022 seed extension led by Creandum, 2024 Series A led by Atomico) and operates with 51-100 employees based across the UK, EU, and US.

Scarlet firmographics

Firmographics
Name
Scarlet
Legal name
Scarlet Global Holdings Ltd
Website
https://scarlet.cc
Company type
Private
Founded year
2020
Operating status
Operating
Headcount range
51–100 employees
Short description
Scarlet is Europe's only Notified Body specialized in AI and Software as a Medical Device (SaMD), certifying AI medical devices under EU MDR, UK MDR, and ISO standards for AI medical device manufacturers and healthcare startups.
Ownership category
akta.pro rank

Scarlet industry classification

Industry
Product category
Medical Device Certification & Regulatory Compliance Services
NAICS
Testing Laboratories and Services (541380)
SIC
Services-Testing Laboratories (8734)
akta.pro primary industry
DTx/SaMD Regulatory, Quality & Compliance Software (QMS/ISO/FDA) (HLACANAN)
akta.pro secondary industry
Regulatory Readiness & Audit Automation (e.g., EU AI Act, NIST AI RMF, ISO/IEC 42001) (HDAAAMAE)

Keywords

  • Medical device certification
  • AI medical device conformity
  • EU MDR Notified Body
  • SaMD regulatory assessment
  • ISO 13485 certification

Where Scarlet is headquartered

Location

Headquarters

HQ city
London
HQ country
United Kingdom
HQ region
Europe

Offices1 record

Markets served

Scarlet business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

  1. Initial Certification Fees: One-off fees covering assessment and decision for initial certificate. Paid partially at service start and in full once Initial Application has been submitted and accepted. Calculated based on scope of certificate sought (certificate type, organization size, product scope, risk class). Typically starts from €100,000 for EU or UK MDR plus ISO 13485.
  2. Annual Service Fees: All-inclusive ongoing service fees covering product updates and surveillance activities. Paid in monthly installments from service start. Covers all maintenance activities including audits, change request processing, and support for the lifetime of the certificate. Calculated based on scope of ongoing services, typically starting at €5,000 per month equivalent.

Pricing tiers

ModelBillingPrice
One time/ perpetual licenseMulti-year contractInitial Certification Fee - One-time assessment fee
SubscriptionMonthlyAnnual Service Fee - Ongoing certification maintenance

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Scarlet product offering

Product offering

Core offering

Scarlet is a Notified Body that provides conformity assessment and certification services for AI-based medical devices and Software as a Medical Device (SaMD) under EU MDR, UK MDR, ISO 13485, ISO 27001, and ISO 42001. The offering is purpose-built for AI manufacturers needing iterative model updates, with a specialized application portal, remote audits, transparent fixed-fee pricing, and a streamlined 4-week transfer process for certificates issued by other Notified Bodies.

Product overview

Scarlet is the only Notified Body specialized in AI and Software as a Medical Device (SaMD), offering conformity assessment services for EU MDR, UK MDR, ISO 13485, ISO 27001, and ISO 42001 certifications. The core offering consists of AI Medical Device Certification Services, which provide a streamlined path to certification designed for iterative software development. A supplementary Certificate Transfer Service enables manufacturers to transfer existing certificates in four weeks. Customers interact with the platform through Scarlet's Application Portal. The company also provides LLM Guidance Resources and publishes Customer Stories documenting successful certifications across diverse AI medical device categories including radiology, dermatology, surgery, and diagnostics.

Differentiator

Problem solved

Functional benefit

Products and services

  • AI Medical Device Certification Services Conformity assessment services for AI medical devices and Software as a Medical Device (SaMD) under EU MDR, UK MDR, ISO 13485, ISO 27001, and ISO 42001, covering Class Im, IIa, IIb, and III devices, with assessment processes designed for iterative AI model updates and frequent software releases. Targeted at AI medical device manufacturers seeking EU and UK market access.
  • Certificate Transfer Service Dedicated transfer service for manufacturers already certified by another Notified Body, providing a customized transfer plan aligned to existing surveillance schedules and a streamlined 4-week timeline for EU MDR, UK MDR, and/or ISO 13485 certificates. Targets manufacturers dissatisfied with timelines or AI expertise at their current body.

Quantifiable outcome

  • 14 weeks to EU MDR certification for AI physiotherapy device (Flok Health)
  • +5 more outcomes

Companies that use Scarlet

Customer profile

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Scarlet technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Scarlet partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Scarlet competitors and assessment

Company assessment

Broad incumbents

  • BSI Group: BSI is one of the largest and longest-established Notified Bodies in the UK/EU for medical devices, including SaMD and AI-enabled devices. It is a direct comparator because Scarlet's former BSI CEO (Howard Kerr) is on its advisory bench, and BSI is the established player Scarlet is most directly taking share from in AI/SaMD certification.
  • TÜV SÜD: TÜV SÜD is a major German-headquartered Notified Body designated under EU MDR with broad medical device certification capabilities, including digital health and software. Comparable to Scarlet as a regulated conformity assessment body for medical devices, but operating across a much broader portfolio of standards and industries.
  • TÜV Rheinland: TÜV Rheinland is a global testing, inspection, and certification organization with a designated Notified Body under EU MDR. Comparable to Scarlet in the conformity assessment process for medical devices but as a much larger generalist serving multiple industries and standards beyond SaMD/AI.
  • DEKRA: DEKRA is a large European testing and certification organization expanding into medical device certification, including SaMD. It competes with Scarlet as a notified/regulated assessment body for medical devices but from a much broader testing, inspection, and certification portfolio.
  • Eurofins Scientific: Eurofins is a large testing services group that has expanded into medical device testing and certification-adjacent services. Comparable to Scarlet in providing regulated testing/assessment services to medical product manufacturers, though Eurofins is much broader and not specifically a Notified Body for SaMD.
  • Intertek Group: Intertek is a global assurance, inspection, and product testing company with medical device testing services. Comparable to Scarlet in providing independent third-party assessment services that support regulatory market access, but as a diversified generalist across many product categories.
  • SGS Group: SGS is one of the world's largest testing, inspection, and certification companies, with medical device certification capabilities. Comparable to Scarlet as a regulated third-party conformity assessment provider, though at much larger scale and broader industry coverage.
  • Element Materials Technology: Element provides testing and certification services including for medical devices and life sciences. Comparable to Scarlet as a regulated testing/certification services provider to manufacturers seeking market access, though Element is heavily weighted toward materials and product testing rather than SaMD specialization.

Direct peers

  • NSAI (National Standards Authority of Ireland): NSAI operates a Notified Body for medical devices under EU MDR. It is comparable to Scarlet as a smaller, designated Notified Body competing in the same medical device conformity assessment market in Europe, though with less AI/SaMD specialization.

Emerging players

  • Nelson Labs (Sotera Health): Nelson Labs provides laboratory testing services specifically for the medical device and pharmaceutical industries. Comparable to Scarlet in serving medical device manufacturers seeking third-party testing/certification support, though focused on lab-based sterility and biocompatibility testing rather than software/AI conformity assessment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Scarlet social profiles

Digital presence

Scarlet compliance and trust

Trust signal

Compliance5 records

Scarlet financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Scarlet leadership team

Management profile

Number of profiles

Profiles10 records

Scarlet subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Scarlet funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Scarlet M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scarlet

What does Scarlet do?

Scarlet is a Notified Body that provides conformity assessment and certification services for AI-based medical devices and Software as a Medical Device (SaMD) under EU MDR, UK MDR, ISO 13485, ISO 27001, and ISO 42001. The offering is purpose-built for AI manufacturers needing iterative model updates, with a specialized application portal, remote audits, transparent fixed-fee pricing, and a streamlined 4-week transfer process for certificates issued by other Notified Bodies.

Is Scarlet a public or private company?

Scarlet is a private company. It is classified as venture growth investor backed and is currently operating.

When was Scarlet founded?

Scarlet was founded in 2020. It employs 51 to 100 people.

Where is Scarlet based?

Scarlet is headquartered in London, United Kingdom, in the Europe region.

How does Scarlet make money?

Two revenue lines are on record. Initial Certification Fees are the primary driver. The others are annual Service Fees.

Who are Scarlet's main competitors?

Broad incumbents on record are BSI Group, TÜV SÜD, TÜV Rheinland, DEKRA, Eurofins Scientific, Intertek Group, SGS Group and Element Materials Technology. NSAI (National Standards Authority of Ireland) is listed as a direct peer. Nelson Labs (Sotera Health) is listed as an emerging player.

Does Scarlet have an API?

No public API is recorded for Scarlet.

What industry is Scarlet in?

Scarlet's product category is Medical Device Certification & Regulatory Compliance Services. Its primary akta.pro industry code is HLACANAN, DTx/SaMD Regulatory, Quality & Compliance Software (QMS/ISO/FDA), with a secondary code of HDAAAMAE, Regulatory Readiness & Audit Automation (e.g., EU AI Act, NIST AI RMF, ISO/IEC 42001). Its NAICS code is 541380 and its SIC code is 8734.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
YahooScotland prop Hepburn agrees Edinburgh moveScotland prop Alec Hepburn has agreed to join Edinburgh Rugby on a two-year contract starting in the summer, departing from fellow URC side Scarlets. Head coach Sean Everitt praised Hepburn as a "seasoned international loosehead" with experience winning the Premiership and Champions Cup double with Exeter Chiefs in 2020. Hepburn, who made his Scotland debut in 2024 with six caps, becomes Edinburgh's fourth new signing as the club continues its rebuild.YahooWhat Wales' clubs have to play for in URC run-inThe United Rugby Championship (URC) is entering its final stages with Wales' four regional clubs facing different objectives in the run-in. Cardiff sit fifth with a 10-point buffer over ninth place and are well-positioned for a first-ever play-off appearance, while Ospreys are just outside the top eight on a five-game unbeaten streak. Dragons and Scarlets are battling to avoid the 'Welsh Wooden Spoon' as the lowest-placed Welsh team, with Dragons holding an eight-point lead over bottom club Zebre.Sports Business JournalRutgers launches Scarlet Knights Enterprises to revamp revenue generation effortsRutgers University is launching Scarlet Knights Enterprises, Inc., a new corporate entity that will consolidate its athletic department's multimedia rights, corporate sponsorships, ticketing strategy, and NIL (Name, Image, Likeness) initiatives under a single organization. Longtime sports executive Oliver Luck will serve as the inaugural board chair alongside Rutgers AD Keli Zinn, with the new entity structured as a fully independent nonprofit designed to function more like a professional sports team's business operations. The initiative aims to address identified deficiencies, particularly in NIL infrastructure, while creating a more streamlined and efficient approach to revenue generation comparable to other schools that have adopted third-party LLC structures.Sports Business JournalSports Business Daily: Executive Transactions - March 3, 2026Sports Business Journal compiled executive transactions across the sports industry for March 3, 2026, including appointments, promotions, and investments. Rutgers announced plans to launch Scarlet Knights Enterprises, Inc., a new corporate entity housing multimedia rights, sponsorships, ticketing, and NIL initiatives, with Oliver Luck as inaugural board chair. Additional moves included Brentford FC receiving investments from Blackstone's Prakash Melwani and Universal Music Group's Lucian Grainge, who both joined the club's board, along with leadership changes at ANC, multiple universities, the Baltimore Ravens, and Yahoo Sports.UK GovernmentMHRA announces two new UK Approved Bodies to certify medical devicesThe MHRA designated LNE-GMED UK and Scarlet NB UK as new UK Approved Bodies for medical device certification, increasing capacity. LNE-GMED UK will assess general medical devices, while Scarlet NB UK will assess software and AI as medical devices. Two existing bodies, UL International UK and TÜV SÜD, had their scopes expanded.