EIT Health

Healthy Living and Active Ageing

European Consortium for Health

138 partners from 17 European countries make EIT Health one of the worldwide biggest health initiatives. The aim of the European Institute of Innovation and Technology Health (EIT Health) is to promote entrepreneurship and innovation in the areas of "Healthy Living and Active Aging" in order to improve the quality of life, medical care and healthcare across Europe. BioM is an associate partner for young and innovative enterprisers, establishing the Bavarian entry gate to EIT Health.

Since 2016, EIT Health is a European Knowledge and Innovation Community (KIC) uniting 138 partners from industry and science based in 17 European countries. A funding volume of up to EUR 700 million and a total volume of more than EUR 2 billion make it one of the world's largest publicly funded health initiatives. Innovative products, educational programs and general services are being developed in the framework of EIT Health that contribute to solving the demographic challenges of Europe and to streamlining the European healthcare system.

BioM is Associate Partner of EIT Health

The European headquarters of EIT Health is located in Munich. Its German office is located in Mannheim and Heidelberg and manages 27 partner organizations from Germany and Switzerland. BioM is an associate partner and able to assume the management of KIC projects. Other core & associate partners in Bavaria are the Technische Universität München (TUM), the Friedrich-Alexander University of Erlangen-Nuremberg, Medical Valley e.V., the Max Planck Society, the Fraunhofer Society, Siemens Healthineers and Roche Diagnostics GmbH. Further partners may be accepted on application.

Funding Opportunities at EIT Health

In specific terms, BioM offers the following opportunities within EIT Health to Bavarian companies:

1) Funding by "Headstart Projects"

Headstart projects are a national funding initiative that has been specifically created to support small organizations (less than 50 employees), spin-offs and start-ups (when founded in Germany or Switzerland before the project expires) and for rapid and short-term promotion and launch into the market.

The projects should be in line with the EIT Health Framework (Healthy Living and Active Aging). An EIT funding of up to 50,000 € may be applied for, for up to 12 months. The project must begin in 2017. Projects can be submitted any time till September 8, 2017. Evaluation cut-off dates will be March 3, June 16 and September 8, 2017, respectively.

Further information about Headstart funding is available here: http://eithealth.eu/eit-health-proof-of-concept-and-headstart-funding/

For further information and to receive the call documents, please contact headstart@remove-this.eit-health.de

 

2) Participation at the European Launch Lab to develop and validate your own business concept

The EIT Health Launch Lab is an 8-week "pressure cooker" program to support young European enterprisers in validating and implementing their business concept.

The participants may, among other things, present their ideas to an audience of prospective customers, clinical experts, industry representatives and investors and improve their business concepts by receiving specific questions and valuable feedback. The best concepts will be awarded at the end of the program.

More information about the EIT Health Launch Lab is available here: https://eithealth.eu/ten-teams-hone-healthcare-startup-business-plans-launchlab/

 

3) Matchmaking with Investors within "BioAngels"

BioAngels is a luxury matchmaking format for private investors like business angels, wealthy individuals, family offices and conventional venture capital investors who mean to invest in life sciences & health tech. This allows private investors to contact selected innovative start-up projects at an early stage.

Further information is available here: http://www.bio-m.org/services/gruendung-und-foerdermittel/bioangels

 

4) EIT Health Business Plan Aggregator

Identifying the best start-ups at the European level in a national pre-selection process is the aim of the EIT Health Business Plan Aggregator. Prospective start-ups may apply and participate in a national pitch event. At the annual EIT Health Summit, the best pre-selected start-ups from the sectors of meditech, biotech and digital health will compete other and the winners receive financial support.

Further information on the program is available here: http://eithealth.eu/wp-content/uploads/2015/03/call_BPC_FIN_3-2-ok-2.pdf

 

5) Other Funding Options

EIT Health continuously develops its funding options for founders and young enterprises. Latest information is available on the website of EIT Health: https://eithealth.eu/

 

 

Angelika Leppert
Angelika Leppert

Start-up Coach, Strategy & Corporate Finance