Accelerator – Business Creation
EIT Health Accelerator is a business creation programme, set up to support the best and brightest health industry entrepreneurs. To tackle the future challenges of European healthcare, EIT Health Accelerator creates a favourable environment for innovation, providing skills and services to get promising business ideas into the market. The Accelerator pillar of EIT Health provides support to healthcare entrepreneurs at every stage of the process.
Accelerator works within three structured activity lines that are focused on start-up maturity:
In the INCUBATE! activity line, EIT Health Bootcamp Programmes train entrepreneurs and innovators to create robust business plans based on their business ideas, and to validate productsolution/product-market fit in intensive programmes of up to four months. These Bootcamps are complemented by extended programmes focused on ideation, incubation, and business creation – subject to their continuation in BP2021.
In the VALIDATE! activity line, a strong emphasis is placed on helping start-ups and entrepreneurs utilise opportunities within the innovation communities. Examples include finding suitable Living Labs and Test Beds or using the Mentoring and Coaching Network to match mentors and coaches with individualised expertise. Furthermore, the Headstart Funding programme supports emerging companies and SMEs to develop new products and services and shorten time-to-market.
In the SCALE! activity line, there will be a major focus on developing tools and networks that can provide financing for projects and small SMEs, as well as facilitating access to potential investors such as angel networks, corporate financers and crowd-funders. These activities are classified as SCALE-UP! programmes. Furthermore, the Accelerator offers programmes that support expansion. For instance, individually tailored offers will provide European start-ups and scale-ups – in the domain of Medtech, Biotech and Digital Health opportunities – to expand within European countries or into other global markets (e.g. the Bridgehead Programme).