Terkko Health X 2020 – A virtual journey with research-based startup teams to commercialize their ideas

Terkko Health X is an early-stage accelerator program that took a fresh batch of health and life science startups on a 6-week expedition with weekly expert-led workshops to help them commercialize their ideas. The highlight of the program was the showcase that took place on December 11th, when the teams went up on a virtual stage and pitched their ideas to the audience and jury in a live broadcast.

The first prize of Terkko Health X 2020 Showcase went to Svante Group! Their health improving solution aims to ease the lives of people struggling with skin problems such as over-sensitiveness and dryness. The jury praised them for an excellent pitch as well as a professional and highly competent team.

The journey so far

The showcase marked the end of the Terkko Health X accelerator program for the ambitious health and life science teams. Now that the Terkko Health X accelerator program has come to its end, lets take a look back and cherish what this program has provided!

The intensive 6-week period consisted of 12 expert-led workshops covering a wide range of entrepreneurship related topics from funding to sales and marketing. The teams also got to spark up their pitching skills under the guidance of an experienced pitching coach at two pitching workshops and by sending weekly pitching videos for comments. After the holidays the teams will continue to develop their businesses during a 6-month incubation phase.

All weekly workshops were organised remotely.

 

A fresh batch of health and life science startups reshaping healthcare

The batch of 2020 was heavily research-based and the teams were packed with scientific expertise. The goal of the program was to equip these teams with knowhow, skills and networks to take their ideas into the market.

The winners were chosen based on their pitches by our top-notch jury that consisted of four experts in their fields: Tarang Valencha from Amazon Web Services, Leo Kärkkäinen from Aalto University, Tarja Kähkönen from Roche and Tuomas Pahlman from FiBAN. Despite their expertise, choosing the final top three at the Showcase was no piece of cake.

The winning teams are Svante Group (1st place), AnalysisMode (runner-up) and Finnadvance (runner-up). Finnadvance is an Oulu-based team that uses microfluidics to model human organs on a chip for drug research purposes. Their solution could reduce the amount of animal tests used as well as the credibility of the test results. AnalysisMode on the other hand seeks to help the work of lab scientists with their Expert Simulation Software by predicting the outcome of experiments and thus pointing the scientist into the right direction. To get acquainted with all the teams check our previous blog post

As the program winner, Svante Group received a 2500€ grant from the Think Company fund. All three winning teams will be rewarded with a six-month free Terkko membership for the whole team. Additionally, our partner Amazon Web Services will credit all the Health X 2020 teams with 10 000 AWS credits.

Even the final pitches were presented virtually during the Terkko Health X Showcase.

 

Switching to virtual arrangements

Terkko Health X went through a massive change due to the pandemic and was executed fully online. Terkko Health X 2019 was organised live in Terkko but in response to the pandemic situation the program was rearranged this year to fit into a remote format. The new setting brought some unique challenges but opportunities too. We were so happy to include teams and experts from outside the Helsinki area and even abroad since commuting to the workshops was not an issue. We had teams from Helsinki, Turku, Oulu, Jyväskylä, Barcelona and India. 

The program was co-organised by Terkko Health Hub and Helsinki Think Company and enabled by Aalto University, Roche, Amazon Web Services, HUS, the University of Helsinki and HiLIFE. The showcase was arranged virtually in Zoom and live streamed on Youtube for the audience. The recording of the showcase can be watched from Terkko Health Hub’s youtube channel

Happy Holiday wishes from the entire Terkko Health X crew!

 

Text: Maria Heinonen, Terkko Health Hub & Liina Laukkanen, Helsinki Think Company

Photos: Sanna Kujala, Helsinki Think Company