In July EIT Health launched a new joint accelerator programme for Swedish start-ups in digital health and artificial intelligence with support from the Swedish Innovation Agency Vinnova within the framework of the strategic innovation partnership between Sweden and France.
During 12 months six selected Swedish start-ups specialized in digital health and in artificial intelligence will receive tailor made support from EIT Health experts and through the French and European partner network, access to the French healthcare ecosystem, develop new research and tech collaborations and accelerate their solution on the French market.
“We want to overcome obstacles to innovation so we can improve healthcare delivery in Europe and make life-changing solutions possible. By working together, we can remove barriers across borders to create a more resilient and dynamic European healthcare system. This accelerator is a great example of how our network can provide the right ingredients to coach entrepreneurs, foster new businesses and spur growth,” says Jean-Marc Bourez Managing Director, EIT Health France.
The inauguration of the accelerator took place at the World’s largest startup campus incubator in Paris, Station F, during the AI for Health Summit on 17 November. The companies was introduced to the French ecosystem and will pitch their solution to a selected committee of over 25 representatives from EIT Health partners including PariSanté Campus, Alcen, Digital Pharma Lab, Fondation de l’Avenir, Medicen and Medtronic.
“We look forward to welcoming the six selected Swedish start-ups, to the French market. We are impressed by the level of innovation and believe the startups have great opportunities to develop new partnerships within the French healthcare system,” says Håkan Åkesson, Ambassador of Sweden to France.
An individualized roadmap
The companies will start with a 360° need-assessment to create a clear and individualized roadmap
The companies have wide range of solutions, from monitoring devices to help reduce heart failure, an app for biomarkers to monitor obesity and heart failure, an app for test and diagnostic results to training for caregivers, advanced gait analysis and an e-health solution for caregivers and patients.
A strategic innovation partnership between Sweden and France
The accelerator program is implemented within the framework of the strategic innovation partnership between Sweden and France, where both health, AI and digitalization and innovative small and medium-sized companies are among the priority areas for in-depth cooperation between the countries.
“We are very pleased to see that the accelerator program is now being inaugurated, giving the six selected innovative Swedish start-ups, a unique opportunity to engage with the French innovation and healthcare system. This effort is in line with several of the goals in the Swedish Life Sciences Strategy and is also a good example of what can be obtained within the French Swedish Partnership for Innovation,” says Jenni Nordborg, National Life Sciences Coordinator, Government Offices of Sweden
Sweden has a growing ecosystem of AI and digital health start-ups. Sweden invests three percent of GDP in research and innovation. Healthcare and medicine are one of the top industries implementing the use of AI. The technology-friendly population, qualified researchers, a culture of innovation and research, and the presence of tech unicorns and multinationals offer a high capability of welcoming AI and new technology.
“The French Government will dedicate EUR 1.5 billion to develop AI by the end of 2022, including EUR 700 million for research.”
With 82 laboratories, 268 research teams and 5,300 researchers, France is already one of the most dynamic European countries in AI R&D and many opportunities open up for cooperation with the French government to create a more efficient healthcare system, using AI-based solutions. The French Government will dedicate EUR 1.5 billion to develop AI by the end of 2022, including EUR 700 million for research.
“The bilateral cooperation between France and Sweden offer a great opportunity for the Swedish start-ups as The French Ministry of Health in collaboration with the French eHealth Agency (Agence du Numérique en Santé – ANS) has implemented G_NIUSs, a hub of services designed to support and encourage innovation in eHealth. We encourage cross-border innovation in ehealth and the fact that G_NIUS is now live in English offer great opportunities for Swedish start-ups,” stated David Sainati, Director eHealth projects, French Ministry of Health.
Read more about the selected the companies and the programme in our upcoming issue of the magazine – out Jan/Feb 2022.