This week seven new companies start the journey towards getting their innovative business ideas investment ready as they join the eighth batch of SmiLe Bootcamp – a 10-week virtual business development program for early-stage HealthTech, MedTech and eHealth companies. This year, many of the solutions are using AI and machine learning to tackle health challenges such as dementia and Alzheimer. At the end of the program the startups will get a unique chance to pitch their business ideas to a jury of investors and industry experts during a virtual Demo Day event.
After a rigorous screening process, the next seven startups to join SmiLe’s Bootcamp program have been selected and, as always, they are demonstrating a very high standard. The innovative solutions range from pro-active stress management platforms and AI- based solutions for remote dental check-ups and improving the diagnosis of cardiovascular disease to using machine learning for early detection of Alzheimer’s, as well as other ground-breaking technologies and tools that improve diagnostics in a number of areas.
The startups will now spend the next 10 weeks developing and perfecting their business ideas and value proposition with the support of SmiLe’s experienced business coaches, all with extensive experience from different areas of the life science industry, as well as other industry experts from across SmiLe’s network. Each startup has also been matched with a dedicated mentor with a relevant background and experience from the industry.
During the program the participants will be sharpening their knowledge in areas like market validation, regulatory strategy, intellectual property, business models, financing, pitching and marketing. This process is facilitated by SmiLe’s exclusive learning management platform – SmiLe Online. The platform allows the participants to attend live workshops, lectures and Q&A sessions, as well as personalised coaching meetings and the community activities, all online.
“Once again, our Bootcamp programme has attracted very interesting companies from many diagnostic areas as well as from different countries. The program basically demands a full-time commitment over 10 weeks, which differentiates it from other similar programs globally. Although this is a big ask, we see the enormous benefits of such a kickstart and looking at our track record, so do the companies”, says Ebba Fåhraeus, CEO of SmiLe.
The program ends with a Demo Day – an online event where the participants will pitch their companies and business ideas to a jury of investors and leading industry experts. The Demo Day will be held on May 19th and it is open to anyone interested in joining. After having completed the Bootcamp program the startups can be qualified to apply for SmiLe’s Incubator program.
The following companies have been selected to this year’s program:
SmiLe Incubator is a life science business incubator based in Medicon Village in Lund, Sweden. SmiLe helps entrepreneurs commercialize their ideas. There are currently 25 companies in SmiLe which, together with alumni companies, have attracted more than EUR 460 million in venture capital to date since 2014. SmiLe offers excellent business coaching, a broad international network of contacts and a dynamic community, as well as well-equipped laboratories which is 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 sponsors are Agilent, Sparbanken Skåne, Awa, Høiberg, Prevas, Setterwalls, Zacco, Aqilion. SmiLe’s listed alumni companies have a market capitalization of EUR 1,3 billion (Q1 2021). www.smileincubator.life