13 Scandinavian start-ups granted 2019 EIT Health Headstart funding
13 start-ups from all over Scandinavia have been granted the 2019 EIT Health Headstart funding. The start-ups were selected from around 50 applicants. The funding will allow the start-ups to take steps towards market launch and commercialization.
The 13 start-ups represent solutions in medtech, digital health and diagostics. They span areas from cancer diagnostics and multiparametric tests, surgical equipment, medical technologies related to Alzheimers, cancer treatment software, dental implants, machine intelligence systems, rehabilitation and stroke detection.
The HeadStart programme is designed to help start-ups and SMEs develop their healthcare innovations. EIT Health Headstart funding provides early-stage healthcare companies and SME's with funding to:
- support the next steps towards the market and shorten time-to-market for innovative products and services;
- verify the need of the product or service, and the benefit of the product or service for users, customers, health care providers and also for the EIT Health Partners;
- increase the possibility of attracting further private investment.
The applicants chosen by EIT Health Scandinava were evaluated by high-level experts representing the different regions in the Scandinavian-Estonian EIT Health node.
The winning start-ups and SME’s are located in most Scandinavian regions: from Uppsala and Stockholm, to Skåne, Copenhagen and Estonia. They are supported by academic, business and public Partners from EIT Health Scandinavia.
”We are excited to welcome these new health innovators to our EIT Health family, and support them on their journey to realize innovative solutions for European citizens and healthcare improvement”, says Christos Vaitsis and Zara Pons-Vila, in charge of business creation at EIT Health Scandinavia.
The Scandinavian companies granted funding are:
- Collective Minds Radiology AB, Stockholm, Sweden: “We bring radiology to the new digital era by offering human and machine intelligence in a secure and compliant cloud environment to improve diagnostic accuracy and get patients to treatment faster.”
- A23 lab, Stockholm, Sweden, is a Karolinska Institute spin-out that runs multiparametric tests: “The first test is Stockholm3, the EIT Award winning prostate cancer test. The A23 lab will revolutionize quality tools and distribution aspects of virtually any multiparametric test, starting with Stockholm3.”
- OncoAlgorithm, Stockholm, Sweden, is a Karolinska Institute spin-out that provides AI based products and algorithm-based test scores, initially for prostate cancer diagnostics, and for any disease in the longer term. “Our technology changes the business balance in that algorithms and quality markers are provided safely from a central cloud location.”
- Saga Surgical, Helsingborg, Sweden: “We are reinventing the medical needle - for safe use in the era of antibiotic resistance.”
- BIOMETRIC, Tartu, Estonia: “Turning our experiences into more efficient and accessible treatment, and making same day dental implant placement possible with just one click. Combining 20 years experiences in the field of implantology, digitalisation and product design, BIOMETRIC aims to become the next innovation leader in the global dental implant industry.”
- CathPrint, Stockholm, Sweden: “We propose a new approach in manufacturing Diagnostic Electrophysiology catheters (SmartCath) based on flexible, stretchable and reflowable electronics, which enables production of ultra-high-density catheters for high-definition cardiac electroanatomic maps, increasing the diagnostic capacity and efficacy of procedures to solve arrhythmias.”
- VIOBAC, Copenhagen, Denmark: “Today, there are no solutions that prevent catheter associated urinary tract infections (CAUTI), which is the most common hospital acquired infection in the world. VIOBAC aims to solve this significant problem using UV-light - without use of antibiotics, reducing unnecessary costs, discomfort, morbidity and mortality.”
- MM18 Medical, Uppsala, Sweden: “We have a unique rapid and objective method to examine prostate biopsies by using a software for computer image analysis. By application of an antibody stain, all normal prostate biopsies can automatically and safely be excluded from further examination. Workload for diagnosis will be reduced with over 50% and patient waiting time considerably shortened.”
- Oncodia, Uppsala, Sweden:“We will empower healthcare providers with regulatory compliant software to more accurately find the tumour mutations controlling treatment decisions and will therefore help to control the rapidly increasing treatment expenses for new targeted cancer drugs and checkpoint inhibitors.”
- OptoCeutics, Copenhagen, Denmark: “We develop medical light that can restore the neuronal activity of Alzheimer’s patients and reduce plaque accumulation, which can turn out to be a breakthrough discovery that can lead to the development of new medical technologies. The technology is based on known gamma light therapy research, but combines the light in a new way that the flickering is non-perceptible and thus not hindering vision or causing discomfort.”
- TIBA, Copenhagen, Denmark: “We leverage Nobel-prize winning psychology and machine learning to “nudge” people to change unwanted habits. TIBA achieved PoC by testing with more than 85 people. The key findings were: the test persons changed their habits in 20-40 days, and lost on average 5.8 kg in the process. The platform can be applied to address multiple health-related habits with consumers and is also being applied within the workplace towards leadership behaviour.”
- Medotemic AB, Lund, Sweden: “We develop solutions for active rehabilitation of disabling limping using proprietary algorithms, to help people recover from injury or surgery-related walking asymmetry.”
- Umansense, Lund, Sweden: “We havedeveloped StrokeAlarm, a new and ground-breaking product that quickly detects a stroke, and then alerts so that the patient can get to hospital in time for curable treatment, thereby expanding the recently developed effective stroke treatments to the 75% of stroke patients who today arrive too late for treatment.”
About EIT Health Scandinavia
EIT Health is a Knowledge and Innovation Community (KIC) established by the EU body European Institute for Innovation & Technology (EIT). EIT Health is a collaboration between more than 150 Partners within pharma, medtech, healthcare and healthcare funders, research institutions, and universities. Backed by the European Union, EIT Health is Europe’s largest life science collaboration organisation, and one of the largest life science initiatives world-wide. EIT Health is active across three fields: business creation, education, and multidisciplinary healthcare innovation initiatives.
EIT Health has Partners and programmes in 17 countries. The other Co-Location Centres are present in Barcelona, Paris, London, Rotterdam, Heidelberg-Mannheim and Budapest. The headquarter of EIT Health is located in Munich. EIT Health Scandinavia covers Sweden, Denmark and Estonia, and the main office is located in Stockholm.
Core Partners: City of Stockholm, Copenhagen University, Denmark’s Technical University, Karolinska Institute, KTH Technical University, Region Skåne, RISE, Stockholm County Board, Thermo Fischer Scientific – Phadia AB, University of Tartu, Uppsala County Board, and Uppsala University.
Associate Partners: City of Uppsala, Copenhagen Business School, MSD/Merck Sharp & Dome, Novo Nordisk, Region Stockholm, Region Uppsala, The Capital Region of Copenhagen.
Linked/Affiliated Parties: Acreo Swedish ICT AB, Interactive Institute Swedish ICT AB, Janssen-Cilag AB, Karolinska University Hospital, SICS Swedish ICT AB, SP Sveriges Tekniska Forskningsinstitut AB, Stockholm Innovation & Growth AB.