Virtual Connected Health Tech Accelerator
Purpose and goal
At SmiLe Incubator in Lund we successfully run a pre-incubation accelerator process called Health 2B (H2B) for early startups, during which they develop a business plan and investor materials, and which makes them mature enough to apply for membership in SmiLe, or as the case may be, other incubation processes. Currently the accelerator process requires physical presence in Lund for the full duration. In the project we will develop the program into an e-learning model.
Expected results and effects
The Virtual Connected Health Tech Accelerator project has two main goals; firstly to make our specialized Health Technology Accelerator available to startup companies and projects from other incubators including those not specializing in life science, and incubators whose companies might not able to participate full time on site in Lund. Secondly, by making the material into an e-learning package, we will enable the sharing of the full accelerator content or any of its components and tools with other Swedish incubators
Planned approach and implementation
The program is based on a Lean Canvas methodology in a cyclic “scrum” hypothesis testing and feedback process generating all the materials needed for a business plan and a good company investor pitch. After an initial two-week training period on site, the companies interact with the accelerator on-line and are exposed to a comprehensive network of experts in interactive weekly sprints on a particular theme. The program ends in a final on-site week which culminates in a pitch Demo Day with external participation by investors and other key players in the innovation ecosystem.