The fifth round of Health2B, the accelerator for very early companies in medtech and eHealth held by SmiLe Incubator, is now starting. Eight weeks with a packed schedule awaits the eight start-up companies accepted by the program, part of which has been digitized.
“New this year is that SmiLe has initiated digitization of a large part of the accelerator program. This enables companies that are far away to follow the program remotely and to streamline their other work. In addition, the opportunity to more easily benefit from SmiLe’s offerings in the long term may entice attractive new companies to the region,” says Ebba Fåhraeus, CEO of SmiLe Incubator in Lund.
Companies from all over the world applied for the eight openings. The accelerator focuses on helping the entrepreneurs to test and verify their business ideas. They receive strategic coaching with a focus on the customer. They get to meet colleagues who have taken or are taking the same journey with their innovations, fine-tune their business pitch and gain knowledge about investor expectations. Large parts of the program are based on the Lean Forward model, on validating and testing assumptions in relation to the existing market.
“Companies usually develop tremendously during these months and several of them are later adopted in our incubator for continued support from SmiLe,” says Ebba Fåhraeus.
In the online portion, the companies receive the fundamental knowledge they need, which becomes a basis for receiving more specific support through direct contact with SmiLe’s coaches and experts.
Some segments address the value of meeting in person or carrying out practical tasks. That is why the participants are on site at SmiLe for three of the eight weeks, during which time they will have access to test beds through the Didec project in Perstorp Municipality.
A Demo Day on November 20 will end the accelerator program, when participants will present their companies to a jury consisting of investors and industry representatives. Afterwards, all of the accelerator companies will belong to SmiLe’s Health2B alumni network.
The following companies have been admitted to the accelerator:
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 almost EUR 290 million in venture capital to date since 2014. SmiLe offers business coaching, a large network of contacts and a dynamic community, as well as many 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 Sparbanken Skåne, Awa, Høiberg, Prevas, Setterwalls, Zacco, Aqilion. SmiLe’s listed alumni companies have a market capitalization of almost EUR 690 million (Q2 2019). www.smileincubator.life