The Life Science Accelerator aims to foster innovation in life sciences by bringing together key actors in Turku, Finland. It will mine for ideas from university research, hospitals, and companies to boost their transition to commercial viability and accelerate the growth of young life science companies. The accelerator will provide intensive mentoring, infrastructure support, and connections to private and public funding and other stakeholders to help ideas and projects reach proof-of-concept and experience faster business success. It has signed interest from several pharmaceutical and biotech companies and is building international collaborations with other accelerators.
2. Healthcare concept is changing…
Person Focused
Predictive & Preventing
Comprehensive & Participating
Information Intensive
@lifesciac #lifesciac
3. … which opens new opportunities
INDUSTRYRESEARCH
HEALTHCARE
Innovation
Collaboration
Cost
Efficiency
Business Growth
@lifesciac #lifesciac
4. However there are still challenges…
INDUSTRYRESEARCH
HEALTHCARE
@lifesciac #lifesciac
Path from research to commercial results is challenging
Young companies face difficulties in growing
5. … which need to be tackled
@lifesciac #lifesciac
There is untapped
innovation and
business potential !
8. Life Science Accelerator
• Brings together the key Life Science actors in Turku
• Builds on strong local infrastructure and competencies in
pharma&diagnostics research, services and industry
• Links with national and international partners to collaborate on
innovation potential, competencies and resources
• Attracts international investors and industrial partners
@lifesciac #lifesciac
9. Life Science Accelerator
Capitalizes on the commercial potential within
• University research
• University hospitals
• Young Life Science companies
• Spinouts from Life Science corporates
Focus on pharma, diagnostics and related areas!
@lifesciac #lifesciac
10. Life Science Accelerator
Actively fosters innovations by
• ENCOURAGING a commercial mindset
• MINING for ideas with innovation potential
• BOOSTING transition to commercial viability
• ACCELERATING growth of young companies
@lifesciac #lifesciac
15. OUT-
LICENSE
NEW
BUSINESS
AND
STARTUPS
LIFE SCIENCE ACCELERATOR
SUPPORT FOR ACTIVATION AND TECH TRANSFER
M
I
N
I
N
G
YOUNG LS
COMPANIES
LS CORPORATE
SPINOUTS
HOSPITAL
INVENTIONS
ACADEMIC
RESEARCH
MILESTONED, BUSINESS TARGETED PROJECT
ASSIGNED PROJECT COACH
INTENSIVE MENTORING
@lifesciac #lifesciac
16. OUT-
LICENSE
NEW
BUSINESS
AND
STARTUPS
LIFE SCIENCE ACCELERATOR
SUPPORT FOR ACTIVATION AND TECH TRANSFER
M
I
N
I
N
G
SERVICE & FACILITY INFRASTRUCTURE
YOUNG LS
COMPANIES
LS CORPORATE
SPINOUTS
HOSPITAL
INVENTIONS
ACADEMIC
RESEARCH
MILESTONED, BUSINESS TARGETED PROJECT
ASSIGNED PROJECT COACH
INTENSIVE MENTORING
@lifesciac #lifesciac
17. OUT-
LICENSE
NEW
BUSINESS
AND
STARTUPS
LIFE SCIENCE ACCELERATOR
SUPPORT FOR ACTIVATION AND TECH TRANSFER
M
I
N
I
N
G
SERVICE & FACILITY INFRASTRUCTURE
P R I V A T E A N D P U B L I C F U N D I N G
E N T E R P R I S E S
O
T
H
E
R
S
T
A
K
E
H
O
L
D
E
R
S
YOUNG LS
COMPANIES
LS CORPORATE
SPINOUTS
HOSPITAL
INVENTIONS
ACADEMIC
RESEARCH
MILESTONED, BUSINESS TARGETED PROJECT
ASSIGNED PROJECT COACH
INTENSIVE MENTORING
@lifesciac #lifesciac
18. between Life Science actors in Finland and abroad
• Universities, university hospitals and industry
• Other accelerators and incubators
• Investors and other financiers
• External experts and service providers
Building on collaboration …
@lifesciac #lifesciac
19. Signed expressions of interest
• Orion Pharma
• Bayer
• PerkinElmer
• Biotie Therapies
• Forendo Pharma
• Misvik Biology
• DelsiTech
• Uppsala Innovation Center (Sweden)
Ongoing discussions
• Karolinska Institutet Innovations AB (Sweden)
• VIB Bio-Accelerator Gent (Belgium)
• Utrecht Inc (Netherlands)
• Entrepreneurship Centre / Cambridge Judge
Business School (UK)
• Several major companies and investors
Building on collaboration …
@lifesciac #lifesciac
21. WHO ARE WE INVITING?
• Scientists and Research groups
• University and Company spinouts
• Young Life Science companies
Also - experts, companies and other actors within our interest areas
are welcome to join the mentor and collaboration network!
@lifesciac #lifesciac
22. WHAT WE LOOK FOR?
Focus on
• Pharma, diagnostics and related areas, including service concepts
• Projects at a proof-of-concept phase
• Young companies or companies to be established
Wellness, wearables, mobile apps etc are beyond our core scope
but we are happy to connect you with our collaborators!
@lifesciac #lifesciac
23. WHAT WE OFFER?
A leap to a next level of commercial maturity & success
• A systematic 6-12 months period with
business derived targets and milestones
• An assigned coach and mentors selected by need
to guide you through the process
• A network with international contacts,
top expertise, investors and companies
@lifesciac #lifesciac
24. HOW TO GET ON BOARD?
• Preliminary scouting of ideas starts Q3’16
• First batch of approx. 5 projects start Q1’17
• Next batches of approx. 5 start Q3’17, Q4’17
• Applications can be submitted on a continuous basis
Check lifesci.ac for instructions how to apply!
lifesci.ac @lifesciac #lifesciac
