Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac...

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Life Science Accelerator lifesci.ac @lifesciac #lifesciac Researcher with a proof- of concept business? Young company aiming at growth University and corporate spinouts 0 5 10 15 20 25 30 Applications 2017-2018 totally projects startups

Transcript of Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac...

Page 1: Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac Researcher with a proof-of concept business? Young company aiming at University

Life Science Accelerator

lifesci.ac @lifesciac #lifesciac

Researcherwith a proof-

of conceptbusiness?

Young company aiming at growthUniversity

and corporatespinouts

0

5

10

15

20

25

30

Applications 2017-2018

totally projects startups

Page 2: Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac Researcher with a proof-of concept business? Young company aiming at University

Life Science Accelerator

lifesci.ac @lifesciac #lifesciac

Researcherwith a proof-

of conceptbusiness?

Young company aiming at growthUniversity

and corporatespinouts

0

5

10

15

20

25

30

Applications

totally projects startups

A leap to the next level of commercialmaturity & success for Finnish startups

Page 3: Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac Researcher with a proof-of concept business? Young company aiming at University

Interactive coaching structure

Goal & Milestone

Setting

Monthly Workshops

Regular Coaching Meetings

Expertise& Mentoring

Support

Continuous Progress

Follow-up

Clear business plan and concept

Funding

Industrial Partners

GoingGlobal

5 ASSIGNED TEAM COACHES

MENTOR & EXPERT NETWORK

INTERNATIONAL

NETWORKS

6 months6 months

Page 4: Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac Researcher with a proof-of concept business? Young company aiming at University

European Collaboration & Networks

Life Science Companies

+ wide network of other actors, including major Life Science

companies and investors

Accelerators & Incubators

Karolinska InstitutetInnovations AB

Other collaborators

Page 5: Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac Researcher with a proof-of concept business? Young company aiming at University

Interactive workshop structure

Cost Structure

Customer Acquisition costsDistribution costsHostingPeople, etc.

Revenue Streams

Revenue ModelLife Time ValueRevenueGross Margin

Problem

Top 3 problems

Solution

Top 3 features

Key MetricsKey activities you measure

Unique Value PropositionSingle, clear, compelling message that states why you are different and worth paying attention

Unfair AdvantageCan’t be easily copied or bought

ChannelsPath to customers

Customer Segments

Lean Canvas Workshop,Helsinki

Morten Heide, Accelerace, DK

Marketing workshop, Werstas Labs, Turku

Maarit Merla, ForendoPharma

Communication & Negotiation, Helsinki,

Urban Gavelin, PowersalesCommunication

Strategic Framework & Financial planning,

Werstas Labs, Turku, Anders Nordström,

AN BusinessFrameworks AB

Regulatory & Compliance workshop, Helsinki, Esko

Nuotto/Fimea, NelliKarhu/Valvira Pasi

Koskivaara/WellGuide

Business Plan Acid Test 1,5 h slot/team,

Turku & HelsinkiPeter Funning and Monica Hedberg

Uppsala Innovation

➢ HealthBIO and Life Science Live➢ Slush➢ Nordic Life Science Days

Life Science Valuation Workshop, Helsinki, Avance Basel GMBH

QMS in Practise, Turku, Pasi

Koskivaara/WellGuide

Page 6: Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac Researcher with a proof-of concept business? Young company aiming at University

Current StatusMetrics

• Over 50 applications

• 30 teams accepted

• 70% research projects at entry

• 8 new companies established

• 2,5M€ capital raised by 5 companies

• Four batches 2017-2018

• SUM-IT 3.4.2019, Turku

Digihealth10 %

Drug 21 %

IVD31 %

MD24 %

Page 7: Life Science Accelerator - Finac€¦ · Life Science Accelerator lifesci.ac @lifesciac #lifesciac Researcher with a proof-of concept business? Young company aiming at University

The national”Life Science Accelerator”will continue in Fall 2019

lifesci.ac @lifesciac #lifesciac

Hanna Halme

Senior Advisor, Life Science Startups | Turku Science Park Ltd

Itäinen Pitkäkatu 4B, FI-20520 Turku, FinlandPhone +358 50 5774 809 [email protected] turkubusinessregion.com | sparkup.fi | lifesci.ac | nome.nu