Innovation Skåne

Major investment for connected health in the Nordics gets green light

2016-12-11 | Uncategorized

50 million SEK for project aimed at connected health start-ups

New Industry Accelerator, an employment venture run by Innovation Skåne and a number of regional actors across the Nordics, receives 50 million SEK in funding by the EU programme Interreg. The aim is to help more than 100 Nordic start-up companies to grow and to create at least 700 new jobs within the field of connected health. Twenty companies are expected to become international fast-growers with the help of the accelerator programme. The background is to support the current paradigm shift in healthcare, which is enabled by the revolution in digital technology.

Innovation Skåne heads up the New Industry Accelerator venture together with Oslo Medtech in Norway, Cobis in Denmark and Sahlgrenska Science Park, Smile Incubator and Invest in Skåne in Sweden. The partnership is an extension of the Nordic Connected Health Star Track project.

”We are witnessing the birth of a new industry that connects the strong know-how within IT, mobile technology and life science that the Nordics are famous for,” says Marianne Larsson, head of innovation at Innovation Skåne. ”We can now intensify our work and collaborate with our Nordic partners to contribute to strong new businesses that can improve life and health. New methods are required to increase the number of internationally successful start-ups. We have seen several examples of brilliant businesses from our region that have been overtaken by start-ups from other countries; businesses with a strong domestic market, expertise and venture capital, and our aim is to change this. This is the starting point for the project.”

The New Industry Accelerator venture opens up the Nordic market, strengthening the test and development opportunities for connected health start-ups in the entire region. The initiative brings together companies from across the Nordics, creating a critical mass that makes the region internationally competitive.

”The New Industry Accelerator gives us a fantastic opportunity to find and bring together the best projects in the Nordics. We’re creating a Champions League for accelerators, where we combine different knowledge from different markets in order to help businesses grow faster, both regionally and internationally,” says Morten Mølgaard Jensen, CEO at Cobis.

”This is a great example of how initiatives in our countries can help each other to strive and become more efficient. Our venture aims to help approximately 100 businesses to grow, as well as to create jobs within the field of connected health. Our partnership also helps to create a solid ground for start-up companies to build on, which is very important in our region,” says Magnus Schönning, programme director at the EU programme Interreg Öresund-Kattegat-Skagerrak.

The funding will benefit regions, business and government agencies in Denmark, Sweden and Norway. In all, 31 projects and five pre-projects will be supported.

For more information, please contact:
Marianne Larsson, Innovation Director Innovation Skåne
marianne.larsson@innovationskane.com
+46 70 815 87 15