Vertical – The Health Accelerator

Apply to this 4-month healthtech startup accelerator in Espoo, Finland for the help you need to take you from the concept stage to going to market with a viable product and paying customers. Partner with multinationals for R&D assistance and enjoy free coworking space and mentoring, plus opportunities for about $162,600 USD in equity investment (see conditions below).

Applications for the new batch have closed. Follow Lootstrap on Facebook for updates!

Award Amount

  • €2,500 (approx. $2,800 USD) relocation grant if you meet the criteria (see below)
    • Even if you don’t qualify for the grant you can still get into the program

Location

  • Espoo, Finland

Length

  • 4 months

Additional Benefits

  • Lean startup program focused on the following metrics:
    • Growth and scalability
    • Design and user experience
    • Distribution and customer acquisition
  • Partnership with large companies like Samsung, Fazer, Sonera, Amer Sports, and HUS
  • Free coworking space in Maria 01 in central Helsinki
  • Monthly international healthtech and other networking events
  • Targeted mentoring in brand & communication designs and marketing & operations
  • Meet and learn from industry experts, VCs, entrepreneurs, and angel investors

Who Can Apply to the Program

  • Young, ambitious teams who are passionate about improving people’s health
  • Proven concepts that just need support to reach growth and scalability
  • Companies with innovative products in the following sectors preferred:
    • Consumer health tech, mobile health and wellness
    • Telemedicine and healthcare IT
    • Diagnostics and genetics, life science software and healthcare analytics
  • Early-stage startups that are solving real problems in healthcare and wellness

Who Can Apply for the Grant

  • Startups not more than 6 years old, that have the following in place:
    • A shareholder agreement with a minimum of 2 parties
    • A team of at least 2 people (including co-founders)
    • A validated MVP
    • Clear growth in user revenue of 20% over at least one month
    • Clear Key Performance Indicators
    • Good English language skills

Selection Criteria

  • Quality of your elevator pitch, as well as your team, idea, and business model
  • Potential to disrupt global industries
  • Match the platforms, distribution channels, and expertise our partners provide

Application Process

  • Written application through your free F6S account
  • One-minute online pitch video
  • Applications accepted on a rolling basis
  • Online or in-person interview
  • 20 teams chosen to participate in Selection Day in Helsinki, Finland
  • 10 to 15 teams picked for the accelerator

Conditions

  • Team must relocate to Espoo, Finland for the duration of the program
  • Vertical reserves the right of first refusal to invest with a 25% discount within one year

Post-Program Perks

  • Opportunity to use the coworking space and services for two more months
  • Continued help and mentoring available
  • Chance for up to €150,000 additional investment (see conditions above)

Website

As always, this program takes ZERO equity!