A total of ten companies are joining the new roster, with half coming from abroad
A total of ten companies are joining the new roster, with projects that range between hardware, wearables, telemedicine, SaaS, nutrition, and mental health to name a few. Half of the companies are from Finland, with internationals coming aboard from Poland, China, Germany, Italy, and Latvia.
To help their new class reach greater success during their time at Vertical, the management has brought on additional advisors. These include local businesses like Academic Work, which is a recruitment agency for talent, MediHelsinki that works in SEO, and a marketing agency called Vastavirta.
One of the advantages that Vertical offers their members is their strong partnerships with corporates like tech giant Samsung and local mobile provider Sonera. In this relationship, the corporates are given direct access to the young innovators while granting the startups a direct path to their customer base.
Co-Founder and Head of Portfolio Management Sébastien Gianelli tells Geektime that they are in the midst of closing a deal with two more large sized partners, whose identities will hopefully be announced in the coming days or weeks.
Vertical first launched at the end of August, taking on 11 companies with similar projects to the current class. As a part of helping their community of startups as they continue to grow, Vertical has opened new office space for some of the first group to use. Gianelli says that they hope to build Vertical into a stronger tech hub, with providing support to their alumni being part of the process.
As the potential uses for the wide range of new innovations in mHealth and wellness continues to grow exponentially, the sector is rapidly drawing more attention in the startup stratosphere. Explaining in an interview in August as to why they decided to enter into healthtech, Gianelli told Geektime that, ”The health industry is among the most disruptive ones. With the emergence of technologies such as cloud, data, mobile, sensors the boundaries of health and wellbeing business are blurring and the convergence of ‘medical’ and ‘consumer’ is fascinating. Traditional health and adjacent business will be affected, shaped and in some cases redefined.”
Geektime had an opportunity to visit Vertical on a not so recent trip to Finland in November. Though still young, this accelerator has caught the industry’s attention and fast. Representatives from corporations like Philips were seen milling around, excited to meet with startups working to build the future of health. For the big companies and health providers, they are increasingly looking to new innovations to save a crumbling healthcare system that many observers claim will crack under the weight of costs and lack of resources.
They are on the lookout for technologies that will allow them to improve prevention from disease and reduce the number of visits patients have to make. For this reason, health monitoring wearables are pulling in a lot of attention, as are telecommunication options.
With any luck, these young companies will be able to make the most of what Vertical has to offer and produce innovative solutions to the health challenges that lie ahead.