Health Incubator Helsinki, the first incubator program in Finland focusing solely on health, kicks off with 11 startups with high growth potential.
Health Incubator Helsinki is a unique long-term incubator program driving transformation of health innovation, research findings and expertise into international business, and attracting new talent and companies to Helsinki. The incubator is a new, needed component in the continuum in assisting startups and research-based teams from universities and SPARK Finland in their efforts to create business in the Helsinki region. The incubator program complements the services of Health Capital Helsinki to the health ecosystem in Greater Helsinki area.
The first application period was launched in March 2020. Majority of the applications came from Finland and in addition some from Singapore, UK and Latvia. Among a total of 33 high-quality applications representing a wide range of health-related businesses, 18 were chosen for interviews with the incubator team and an external expert.
Finally, 11 startup companies were chosen into the program that starts in June: Epiheart, Healthzilla, Maculaser, MedicubeX, Medified, SCellex, SciAR, SOENIA, Uute Scientific, VEIL.AI and VULCAM.
“During the selection process, we emphasised high growth potential, team dedication and high business scalability. In addition, we looked at how the different teams complement each other regarding experience and expertise as it is important to build a well-functioning community where the teams can support each other by best practise,” says Christian Lardot, Head of Health Incubator Helsinki and Senior Business Advisor, Health and wellbeing companies at NewCo Helsinki.
Next application period at the end of 2020
The program starts with individual discussion with the teams during June. Health Incubator Helsinki provides up to three years of comprehensive business development services, modern office and coworking facilities at Terkko Health Hub in the Meilahti campus area in Helsinki and broad networking opportunities. Apart from a minor fee for the office space the incubator services are free for the participants and no equity is taken.
“We look forward to start working with the teams to support them with their growth plans,” says Lardot.
“We would also like to encourage startups and researchers to be in contact with the us as we are continuously looking for new growth companies. The plan is to open the next application period in November/December 2020.”
Meet the first batch of Health Incubator Helsinki startups