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Celebrating startup success: Our startups’ biggest accomplishments this year

We couldn’t be more proud of our startups’ resilience and accomplishments throughout 2020. Here are some of our entrepreneurs’ most impressive moments.

In a year unlike any before, we saw our members promptly engaging themselves and developing solutions for COVID-19 applications in the area of prevention and detection, while others were quick to hop on the digital transformation train as remote monitoring and telehealth platforms, AI-enabled assessment apps and devices are becoming the new norm. They swiftly transformed their day-to-day business operations to a virtual model, ensured business continuity and  —above all—persevered and worked tirelessly in the name of healthy lives.

But before we bid goodbye to this unprecedented year, let us refresh your memory on the major milestones for our supported startups this year.

Numerous startups in our community were recognised for their efforts across the healthcare industry in the DACH region. Hemotune, EIT Health Start-up Rescue Instrument winner, took home the most prestigious innovation award in Switzerland, while Vienna-based Ares Genetics won the Austrian Digitization Award. Back home in Germany, Innovation Award Bavaria 2020 went to ADVITOS, for their patented ADVOS technology and the German Design Award was awarded to Walkolution, for their revolutionary and award-winning treadmill desks. Last but not least, the AI-powered app for skin conditions Nia Health won the founders award from Berliner Sparkasse and AUCTEQ Biosystems GmbH was selected for the “Gründerpreis Baden-Württemberg” by Sparkassen Finanzgruppe.

While many startups put on hold product developments or postponed launches, others were pressing ahead — or even moving them forward. For example, EIT Health Catapult Finalist Spindiag successfully completed CE-IVD certification of its PCR rapid SARS-CoV-2 test. Already in use at Klinikum Stuttgart, this innovative point-of-care solution delivers results in 40 minutes. Helping on the front line was also Climedo Health, which announced its collaboration with the Federal Ministry of Health (BMG) for use of its digital symptom diary by the public health authorities in contact person tracking. CE mark celebrations were organized at Zana Technologies and Medical Magnesium, which received their certification for its AI-supported health monitoring platform Tidda AI and bioabsorbable implant products respectively. Amparo added Sweden, Norway, USA and Netherlands to their distribution map for the adjustable prosthetic leg. Following their successful technology transfer, Clinomic has now signed a license agreement with RWTH Aachen University to shape the future of medical care and improves the treatment of patients in the long-term.

Even amid all the uncertainty, our supported startups continued to pull in impressive levels of investment funding. Here are some of the highlights: Tubulis closed a €10.7 million Series A financing round with the help of the EIT Health Investor Network, while EIT Health Catapult semifinalist PerioTrap Pharmaceuticals announced a €3m seed round. Over in Switzerland, EIT Health Headstart winner Flowbone received CHF 150,000 Venture Kick funding to reinforce bones weakened by osteoporosis, CHF 5.1 million were awarded to blood purification startup Hemotune and our alumni Sleepiz received a CHF 1.14 million grant by Innosuisse. From our Austrian members, Startups Meets Pharma participant Carbomed Medical Solutions closed a €3 million Pre-Series A funding. In 2020 Four EIT Health-supported start-ups decided to partner with Aescuvest to break onto the equity crowdfunding scene. BocaHealth, Emperra, Munevo and PharmGenomics launched crowdfunding campaigns to further accelerate the development of their solutions.

While only a fraction of our network, we are extremely proud of our startups’ achievements and we are glad to support them on their journey.