EIT Health Germany Series 4: How Are Startup Acceleration and Incubation Programs Really Helping Innovation?
In this episode, founders of four very different companies talk about their fundraising experiences. It takes grit to talk to dozens of investors and insist despite rejections. It takes strategic thinking to figure out which program to apply to.
From left to right: Luc Henry (Limula), Tjasa Zajc (Faces of digital health), Kei W Mueller (Ebenbuild), Fouad al Noor (ThinkSono), Hans Juergen Stein (mentalis).
As critically mentioned by Fouad Al-Noor - Co-Founder & CEO - ThinkSono - we should stop talking about the myth that startups search for investors that can offer strategic benefits. It’s true, but fundraising is still primarily about getting money to be able to start a business. The key thing, in the end, is also to find an investor you like as a person. This will be crucial for the investor-startup relationship to survive once things get tough,” he says.
In this episode you will hear:
About a mental health app that world with hospitals to give patients timely support after discharge and prevent to early readmissions,
A startup improving mechanical ventilation with the help of digital twins,
How can immunotherapy production be optimized according to a swiss based startup Limula,
Revolution in ultrasound: handheld ThinkSono is shortening the diagnostics time of deep venous thrombosis.
We briefly discussed each of these solutions and also the fundraising side of startups. EIT Health Catapult Program, in which all the four companies are participating in, has plenty to offer, but as a startup you should consider which stage you’re in when applying, to get the most value.
