Game of 10 Thrones – The Startupbootcamp Way of Selecting Startups

Game of 10 Thrones – The Startupbootcamp Way of Selecting Startups

game of 10 thrones sbc
26-Jul-2017 by Diana Barreno

Looking for the best startups from all around the world is not an easy task. Looking for the best in digital health is harder, much harder.

It’s a tough job but someone has to do it!

After three intense months of research, e-mails, meetings, events and skype calls, here at Startupbootcamp we have finally found the top ten digital health startups who will join our accelerator program from the 4th of September till the main event of Demo Day happening on the 30th of November. (fill this form if you want to get an invitation)

But, who are these ten startups and how did we select the best ones?

In the following paragraphs, we will guide you through our selection journey explaining who they are, how we work, and what are our industry insights and learnings after this second year of activity.

The Journey

During the scouting phase, our main aim was to engage as early as possible with those startups that have a high level of compatibility with the program.

In three months of scouting and by hosting 10+ events around the world, we looked at over 3,000 companies (from more than 60 countries!) narrowed down to roughly 500 interesting ones to look deeper into following criteria such as ‘Unmet medical Need’, ‘Degree of Innovation’, ‘Impact in the Health System’, ‘Product Development’, and ‘Team’.

funnel sbc digital health

First Tip: An accelerator do never look for ideas, we do not accelerate ideas. Combining the criteria mentioned above is the key to go from good to great and this is what an (digital health) accelerator looks for. Question your companies. Are you really tackling some problems? Could your product/service have a real impact on the system? and so on. Take the time to answer these questions (do it fast!) and it will make the difference.

Following a set of >75 skype calls to analyze in depth the business cases of the best applicants, we generated a shortlist of 50 high-quality startups to be evaluated by all our partners: Arvato BertelsmannDeutsche Apotheker und ÄrztebankMunich REPhilipsSanofi in Germany, and Dentons. This key step is the most important because it gives us enough inputs on concrete interests and potential collaborations to better choose the invitees to Selection Days (18 teams this year).

“We want to make clear that the startups invited to our Selection Days are already the best out there. Together, they represent only the 0,5% of all of the scouted.” (Lars Buch, Managing Director of SBC Digital Health Berlin).

Selection Days is simply the most intense and insightful event a startup can go through. The invited startups are challenged to prove the consistency of their ideas and business models to 80+ mentors and partners in a speed-dating format. These mentors rate the startups according to their potential and fit with Startupbootcamp Digital Health Berlin.

The Startups

AISENS
Location: Poland
Founders: Jaroslaw Goslinski, Piotr Owczarek, Adam Wozniak
Our smart sensors allow rehabilitating everywhere with real time feedback about the accuracy of body movement and efficiency. Our sensor will provide important data for each trainee while Machine learning algorithms will make the application adapt the exercises according to the person’s progress.
Beroceutica
Location: Germany
Founders: Jorn Klinger, Marco Schmidt
Clinical datasets are difficult to analyze by reported Machine Learning approaches due to their small samples and many features. Our approach is able to identify significant patterns, which can be used for novel diagnostics and therapies.
BreakBox Aurora
Location: Poland
Founders: Marcin Pitek, Olga Grudniak, Wojciech Gizowski, Jakub Wysocki,
 Point-of-care diagnostic machine to select precise antibiotic.
Cardio Cube
Location: Poland
Founders: Oskar Kiwic, Tom Jadczyk, Przemek Magaczewski
CardioCube decided to develop an innovative strategy of merging Electronic Hospital Record with continuous patient’s home medical data. This comprehensive medical solution integrates Amazon Alexa for home medical data acquisition and cloud-based deep-learning/artificial intelligence algorithms built on American Heart Association clinical guidelines to reduce unplanned hospital readmissions for cardiovascular patients.
Hedia
Location: Denmark
Founders: Peter Lucas, Christina Kildentoft, Andreas Jespensgaard
Hedia is a personalized and intelligent diabetes app that helps people with diabetes to live a more normal life. By combining seamless data collection from external sources, big-data modeling, and AI, Hedia provides personal insulin recommendation to the diabetic and hence help attain results on the A1c level.
InsightMedi
Location: Spain
Founders: Juan Gonzalez, Luis Rodrigues, Gonzalo Mora, Gabriel Piza
A global platform in which healthcare professionals interact around real clinical cases based on medical images and videos.
Jommi
Location: Germany
Founders: Fabian Oertel, Paul Dziwoki
An interactive e-Health platform to guide and improve our patient’s level of care. We increase adherence through analyzing digital data points and showing patients the connections and impacts each lifestyle element (sports, nutrition, medication & well-being) has on their life.
Qolware
Location: Germany
Founders: Cristina Soaz, Therese Tönnies, Aleksandra Patz
Qolware is a smart healthcare & emergency response solution running on regular consumer smartwatches able to identify emergency situations through the detection of abnormal patterns in a person’s physiological signals such as movements or pulse.
Torafugu Tech
Location: United Kingdom
Founders: Savvas Neophytou, Constantinos Demetroullas
Torafugu tech is a health-tech business focusing on analytics for health and life insurers to increase product personalisation and improve the health and well-being of their members.
Uvisio
Location: Netherlands
Founders: Larisa Kryuchkova, Vlad Hayrapetyan
Sun protection effective and personal. By utilizing technology and data analysis we give information on optimal sun exposure and personalized sun care and sun protection recommendations, specific to each user.

The Outcomes

Within the main outcomes of this journey, the diversity of the teams is definitely one of the most remarkable takeaways of this year. For instance, there were startups incorporated in Netherlands but their founders were originally from South America with studies in the US and with intentions to scale their business into Germany. This is what we are looking for, international and multidisciplinary teams willing to success globally.

Based on our experience, some of the most mature startups have already passed through more than one accelerator or incubator along their entrepreneurial lifecycles. Most of them tend to stop looking for accelerators after a certain time, whereas the rest consider the next accelerator as a strategical move to scale their business and get the right connections to understand better the ecosystem in a faster and more effective way.

Second tip: Previous to join to an additional program of acceleration you should consider not only the stage that you are currently in but also the network that program can feasibly connect to your startup. An accelerator program goes beyond the content (workshops, lectures, pitch training, etc) it is about the connections with partners, mentors, and potential customers. The value of those connections will make it worth it.

Last but not least, one more outcome of the scouting and even as part of the pre-selection was to highlight one of our main core value in Startupbootcamp Digital Health Berlin, our unique and committed set of partners, which represent the main stakeholders of the healthcare ecosystem. Having a diversified portfolio of partners addresses some pain points that Digital Health startups faced in an early level of their lifecycle such as clinical trial, pilots, customer acquisition and product development.

Time to rock now! We are looking forward to work side by side with all of the founders and accelerating their growth. Want to see them in action? Join us on our Demo Day on 30th November.(get an invitation here)

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Are you a digital health startup?
Don’t forget to put your name on the next year’s list!