SmiLe Incubator is the only Scandinavian incubator that the EU organization EIT Health has chosen to participate in its Bridgehead program. A total of about 20 accelerators, mentor organizations, will provide expert support for startup companies to help them gain access to markets faster. The first company that is coming to SmiLe is Mode Sensors, a Norwegian eHealth company.
This year EIT Health launched the Bridgehead program, which will help the most promising European startup companies in health that need assistance with internationalization to accelerate their introduction to the market in Europe.
To accomplish this, EIT Health designated about 20 accelerators – incubators and other support organizations – that offer various types of expert services. SmiLe is the only incubator from Scandinavia.
Ten European startup companies have been chosen and will be offered help in the first round. They will receive EUR 25,000–30,000 each to spend on services from the accelerators.
“EIT Health became aware of SmiLe after seeing the successes of SmiLe companies Gedea Biotech, Sinntaxis and Receptor Pharma at the EIT competitions last year. They recognized the quality of the companies that come from here, which is why we were asked if we would like to be an accelerator. The mission involves supporting companies in their growth journey through special initiatives where the companies themselves have chosen the skills they need. We see this as an exciting opportunity to hone our advisory skills and to develop our network in order to create opportunities for our own community of companies,” says Ebba Fåhraeus, CEO of SmiLe Incubator.
The Norwegian eHealth company Mode Sensors AS will come to SmiLe for a few days to receive on-site mentoring. They are working on developing sensors found in devices like smartphones for diagnostic purposes.
This is EIT Health
EIT Health is a high-quality European network with more than 140 partners from industry, academia, and payers/providers of health care in Europe. Region Skåne is a Core Partner since 2018, which gives companies with a relation to Region Skåne or to an actor in the Skåne innovation system an opportunity to seek funding for international growth. Innovation Skåne is responsible for the program's coordination in Skåne and validates the companies' applications.
For more information: see eithealth.eu or firstname.lastname@example.org
Facts about the SmiLe Incubator in Lund, Sweden: SmiLe is a life science business incubator based in Medicon Village in Lund. SmiLe Incubator helps entrepreneurs to commercialize their ideas. There are currently more than 20 companies in SmiLe, which together with alumni companies have attracted more than SEK 2,4 billion in venture capital to date since 2014. SmiLe offers business coaching, a large network of contacts in our community, and our many well-equipped laboratories, unique of its kind in Sweden. SmiLe is a non-profit organization and receives basic funding from Region Skåne, Lund Municipality, Lund University and Medicon Village. SmiLe’s listed alumni companies have a market capitalization of more than SEK 6 billion (Dec. 2018). www.smileincubator.life