Terkko Health Hub

13 promising startups selected for Health Incubator Helsinki

13 health and life sciences startups with very high growth potential have been selected for the second program of Health Incubator Helsinki, starting in April 2021. In total, the incubator received 34 high-quality applications from Finland and around the world.

Health Incubator Helsinki is a 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 concept is unique in the Nordics in its focus and duration: the incubator focuses solely on health, and the program is up to three years long.

The incubator that kicked off with the first batch of startups in 2020, is a needed component in the continuum that supports startups and research-based teams from universities and SPARK Finland to develop their ideas and business concepts and to become growth companies. The incubator is a joint effort by the City of Helsinki and University of Helsinki, and it is provided in partnership with Health Capital Helsinki.

Main criteria: scalability, innovativeness and team dedication

For the second program starting in April 2021, Health Incubator Helsinki received in total 34 high-quality applications representing a wide range of health-related businesses. The majority of the applications came from Finland. In addition, the incubator received applications from teams in the US, Australia, Slovakia, Spain, the UK and Chile.

After interviews, 13 startup companies were selected for the program: AnalysisMode, Cardiomtec, Curify, DataSolu, Evexia, Finnadvance, Flux Polymers, Henkaus, Jasmine PRO, Knewborn.AI, Nordic Fit Mama, Phonolyser and Trialwell.

Read more about the startups below

“During the selection process, we emphasised high business scalability to international markets, innovativeness of the solution, and team dedication,” says Christian Lardot, Health Incubator Helsinki Leader.

“With the new batch of startups, the Health Incubator Helsinki companies now develop a wide range of technologies and new concepts that serve various needs of both the research community as well as end-users and caregivers,” says Lardot.

“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 teams can support each other by sharing best practices.”

Up to 3 years of tailored business development advice

The program starts with individual discussions with the teams. Health Incubator Helsinki provides up to three years of tailored, comprehensive business development mentoring and advisory, broad networking opportunities, and modern office and coworking facilities at Terkko Health Hub in the Meilahti hospital area in Helsinki.

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 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 us as we are continuously looking for new growth companies.”

We encourage startups and researchers to be in contact with us as we are continuously looking for new growth companies.

Terkko Health Hub

Meet the second batch of Health Incubator Helsinki startups:

AnalysisMode

No more trial-and-error research. AnalysisMode offers online Laboratory Environment Simulators, helping scientists to design experiments and predict failure. From cell-culture simulation to OMICS predictors, the scientists using AnalysisMode reduce their research time, being able to perform a 1-week experiment in just 1-hour, saving 700 hours per year and yielding 5x more discoveries. AnalysisMode tailors its simulators to each customer.

Cardiomtec

Cardiomtec is a Finnish corporation, founded in 2020e, holding more than 20 years of experience of developing medical devices. Cardiomtec specializes in developing applications and portable devices for wellbeing technology. Cardiomtec products are affordable, small and reliable. With Cardiomtec devices one can measure and evaluate cardiac function of an individual at home environment. Data is uploaded to a cloud server, and a medical doctor can review it via web portal.

Curify

Curify is set to transform personalized drug manufacturing through its digital and automated TailoredCure technology. They offer a Medicine as a Service concept for pharmacies, hospital pharmacies and veterinarians, saving time and delivering better and sustainable future treatments for pets and humans.

DataSolu

DataSolu is a life sciences technology company helping pharma companies to speed up their preclinical drug development by revealing and predicting hidden heart diseases and failures with assistance of biomimicry and AI. The company’s technologies benefit drug development, personalized drug screening approaches and toxicological validation to eliminate compounds with undesirable cardiac effects.

Evexia

Evexia encourages patient-oriented healthcare through building a new digital solution for cancer care. Alas, no solution exists in helping doctors determine objectively the physical condition of the patient. Evexia’s mobile application, data analysis and clinical dashboard allows doctors to make better and more objective care decisions for patients and thus make cancer care better for all involved.

Finnadvance

Finnadvance is bridging the gap between in-vitro and in-vivo research with its microfluidic organ-on-chips for pharmaceutical drug research and development. With industry leading high throughput microphysiological culture platforms, complex in vivo biomechanical cues are mimicked on the in vitro cultures.

Flux Polymers

A simple and easy process to make plastic surfaces antibacterial. Flux Polymers produces a hydrophilic polymer that can be sprayed or dip coated onto plastic surfaces and permanently linked by UV-irradiation. The patented coating prevents the attachment and growth of bacteria. The antibacterial effect of the coating is based on a purely physical effect,

so that no toxic substances are released that could cause resistance in bacteria. The process is fast, cost-efficient and not detrimental to the used material.

Henkaus

Henkaus provides contactless vitals monitoring solutions to both the B2B and B2C market segments using radar technology and cloud based AI. The solution acts as a pre-screening tool so that the user only visits the care facility when advised.

Jasmine PRO

Drug developers aspire to create drugs that home into their target cells without causing toxicity and adverse effects. Polymers are critical enablers of advanced drug delivery systems, but the current polymers have suboptimal characteristics and technical challenges. Jasmine PRO has designed a novel enhanced drug delivery system based on jasmine lactone polymer. The platform will enable drug companies to design and develop safer medicines for various indications such as oncology and immunology.

Knewborn.AI

Knewborn.AI brings predictability and improved results to infertility treatments through the power of machine learning.

Nordic Fit Mama

Nordic Fit Mama is a Finnish company that offers online wellness training for mothers. An award-winning, 6-week Post Natal Program helps women to recover post-baby body in a safe way with the support of trained professionals. Nordic Fit Mama also offers a program for pregnant women and another one for more intensive training. All exercises are medically approved and recommended by gynecologists, midwives and physiotherapists. In September 2020, Nordic Fit Mama launched its first program for women in menopause.

Phonolyser

Phonolyser is dedicated to lightening the burden of people dealing with Congenital Heart Disease (CHD). The company provides a smart heart sound analyzer device combining AI, doppler, and sound effects to accurately diagnose CHD. The diagnosis takes only two minutes, saving lives around the world and making an impact on the health of so many.

Trialwell

Trialwell is a digital platform utilising AI, to help raise awareness of non-pharmaceutical clinical trials and studies with a focus on health and wellbeing, and to provide a cost-effective recruitment service for researchers and sponsors. The aim is to let as many people as possible know that these types of research projects are open for them to join, which can also be of value for their personal health profile.

Contact information:

Christian Lardot
Health Incubator Helsinki Leader
Tel. +358 40 195 2639
christian.lardot@hel.fi
www.healthincubatorhelsinki.com

About Health Incubator Helsinki
Health Incubator Helsinki is a comprehensive incubator program in Finland for research-based, early-stage teams and startups operating in the health sector. The incubator, initiated by the City of Helsinki and the University of Helsinki, and operating in close co-operation with Health Capital Helsinki, started operations in 2020 with the first batch of 11 brilliant startups under its wing. In 2021, 13 startups started in the second program.
https://healthincubatorhelsinki.com/

About Health Capital Helsinki
Health Capital Helsinki is building the greatest health capital by developing the Helsinki Metropolitan health ecosystem, boosting the growth of innovation-driven startups and helping international investors and corporations find their opportunities and partners in Finland. https://healthcapitalhelsinki.fi/

Cover photo: Terkko Health Hub