A successful launch for 10 Medtech startups
Delft, November 2, 2018 – LaunchDay marked the end of the two-month EIT Health Validation Lab program for 10 startups at YES!Delft on Thursday. Over the course of eight weeks, the teams traveled through the Netherlands and across Europe to validate the business potential of their ideas with leading universities, healthcare companies and hospitals. For example, the participants had visits to leading hospitals in the Netherlands, such as Radboud MC in Nijmegen, UMCG in Groningen, or Reinier de Graff in Delft where they connected with leading medical professionals to validate their solutions. Now that they have successfully concluded the program, they are ready to set out on a journey to conquer their target markets.
From enabling visually impaired people to process visual information around them, to diagnosing malaria through numerical algorithms, the startups each have a unique and pressing problem to solve in the medtech industry.
“The EIT Health Validation Lab, organized together with EIT Health, is a key opportunity for medtech teams to develop the potential of their technology and reach out to customers and partners, both in the Netherlands and abroad,” said Tjarda Voorneman, Special Projects Manager at YES!Delft. “This year’s edition was one of our strongest to date.”
As a partnership between YES!Delft and EIT Health, the EIT Health Validation Lab combines YES!Delft’s startup expertise with the extensive knowledge and network of EIT Health. It is designed to help promising medtech teams validate their technology by working closely with mentors and industry specialists.
From the 10 teams in the program, the winner is Smart Medical Optics. Their medtech solution is a low-cost, automated, smart malaria diagnostic device that is using numerical algorithms integrated into a smart imagining platform, which reduces diagnostic workload and provides efficient precision for accurate drug prescription. “Winning this only tells us that our product is well appreciated and we are taking it as a challenge, so that we ensure that this product gets to the people that really need it, in remote places in Africa, where there is no income, no resources, and no equipment,” said Temitope Agbana, co-founder of Smart Medical Optics. “We believe winning the program is a boost, a challenge, our call to action. We need to scale up our solution up bring it where this is really needed.”
There will be a next program starting in September 2019. If you happen to be a medtech startup or to know medtech startups, contact email@example.com. The Validation Lab is currently accepting applications for its next round. You can apply now!