Three Valencian startups have been selected to participate in Headstart, the program of the European Institute of Innovation and Technology in Health that offers support and funding of up to $56,000 (€50,000) for emerging companies to develop their innovations.
Find out more details about the Headstart program and read the latest business news in the world, with the Born2Invest mobile app.
The Valencian companies selected are Arthex Biotech, ICU Medical Technologies and Serenmind
Arthex Biotech develops RNA-based technology treatments for genetic diseases. The first product in development is ARTHEx-DM1, which targets type 1 muscular dystrophy, an orphan disease.
ICU Medical Technologies offers KronoSafe®, designed to improve temporary cardiac stimulation by reducing the complications associated with this procedure, which is performed more than 200,000 times a year.
Serenmind (ATRIA Technology and Psychology) makes psychological treatments available remotely and translates them into self-guided programs with psycho-educational content, practice tools and, Serena, a chatbot that accompanies the user throughout the process.
89 initiatives throughout Europe were selected by EIT Health
The Valencian companies are part of a total of 89 initiatives selected by EIT Health throughout Europe. The selected companies will be able to accelerate their projects within a unique ecosystem. The EIT Health Headstart program offers mentoring and funding so that these start-up companies can accelerate the development and time to market their innovative products and services to improve the lives of patients and European citizens.
The selected innovations fall into three categories: medical devices (Medtech), biotechnology (Biotech) and digital health (Digital Health), with an exceptional addition this year of a category for solutions against COVID-19.
“This program is the gateway to the EIT Health community that provides not only a small financial support but access to experts, contacts, and knowledge. Last year, the companies selected in Spain for this same program raised nearly $4.5 million (€4 million) and many of them have already brought their products to market,” said Cristina Bescós, Director of EIT Health Spain.
6 out of the 16 selected Spanish initiatives are from the Biotech sector
In total, 16 Spanish initiatives have been selected for the Headstart program, in the four categories mentioned. In the biotechnology or biotech category, 6 companies have been selected.
Arthrex Biotech develops RNA-based technology treatments for genetic diseases. The first product in development is ARTHEx-DM1, which targets muscular dystrophy type 1, an orphan disease.
Droplite Technologies presents a novel intelligent in vitro diagnostic device, which provides accurate test results in 10 minutes for the detection and quantification of specific diseases and health conditions. The innovation is based on an immunoassay biochemical test technique.
Kintsugi Therapeutics has a platform technology to design new molecules, as well as a chemical library of inhibitors for the treatment of neurodegenerative diseases and non-alcoholic steatohepatitis (NASH).
Ninevah Therapeutics presents a first class gene therapy capable of treating patients with genetic nephrotic syndrome (NS).
Oxolife is developing a pharmacological product, OXO-001, to increase embryo implantation in female fertility treatment. Through a direct effect on the endometrium, OXO-001 could help achieve pregnancy for a large percentage of women who currently lack optimal fertility treatment.
Indicate develops a fast, inexpensive and reliable blood diagnostic device for the diagnosis of cancer and infectious diseases that can be used when and where needed. The solution aims to enable doctors to make rapid treatment decisions and improve the lives of patients.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in valenciaplaza, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Increase in Airport Opportunities Mirrors Rebounding Passenger Travel
The conference focused on collaborative efforts by public owners, private sector investors, and contractors. Experts were on hand to discuss...
BlackRock Launches First Liquid ESG Equity Alternative Fund in Europe
The Systematic ESG Equity Absolute Return Fund (SEEAR) alunched by BlackRock is designed for Liquid Alternatives investors seeking a global...
El Cesar has the Conditions to Enter the Medical Cannabis Market in Colombia
Municipalities such as San Alberto, San Martin, Gonzalez, among others, have the conditions to grow medical cannabis, a bet of...
Analysts Forecast a Bitcoin Price Between $51,000 and $1 Million
if you look at the Bitcoin price forecasts of other well-known faces from the crypto industry, Alfred is not alone...
Forget Facebook (NASDAQ: FB) and Apple (NASDAQ: AAPL): Virtual Reality (VR) and Augmented Reality (AR) Investors Should Snap Up XRApplied (CSE: XRA) Instead
It’s no secret that AR, VR, and MR are hot investments right now. Facebook’s throwing the weight of 10,000 full-time...
Business6 days ago
Nine Ways to Make Your Blog More Engaging
Biotech5 days ago
Claris Ventures, €85 Million Closing for the Turin-based Sgr Focused on Early-Stage Biotech
Featured4 days ago
Why Gold Continues to Struggle
Business4 days ago
Is Augmented Reality (AR) the Best Thing to Happen to Education? Yes, it is!