Turku Life Science Accelerator – a runway to a next level of commercial maturity and success
Read about the first Finnish Life Science Accelerator, a national Finnish concept focusing on solutions for pharma, diagnostics and related business areas including service concepts. Is your company in need of coaching? Are you interested in joining our network as a mentor or a co-operator?
Turku Life Science Accelerator is the first Finnish accelerator with a life science focus. The accelerator is a national initiative to access the untapped innovation potential within university research and young companies and to create new successful businesses. Its focus is on drug development, diagnostics and related technology and business areas, including e.g. smart health data and service concepts within professional health.
In operation since 2016, the program received over 50 applications, out of which 30 were accepted. At entry, 70% of them were research projects. During the program 8 new companies were established and 5 companies raised in total 2,5M€ in capital. The successor of the Life Science Accelerator will be established in autumn 2019, with focus on the Professional Healthcare segment.
“We have a broad network of persons and companies with deep experience and wide Life Science competencies within e.g. technologies, applications, business, legal and financials all focusing on accelerating success of ideas that are selected to this program, and we are open to new collaboration proposals”, adds Tom Palenius, the director of services for start-up companies and the operative director of Life Science Accelerator at Turku Science Park Ltd.