The 9 hottest Finnish health tech startups of 2018

Finnish medical tech and digital health industry has lived another booming year. To give the glory to its rightful owners, Health Capital Helsinki highlighted a selection of the hottest Finnish health tech startups of 2018.

“The health startup eco system is booming in Finland because of the right ingredients in this field. We have a good mix of investors looking into health tech, funding possibilities, hospitals, quality education, governmental support, talented scientific employees and innovative companies. That’s why Finland is at the moment the second best favourable location for start ups globally,” says Marcello van Rossum, Senior Business Advisor from Helsinki Business Hub.

So here it goes, nine Finnish health tech startups to watch – also in the upcoming year.

1. Adamant Health  

Adamant Health is an early-phase startup developing wearable NeuroTracking hardware and software for home-based monitoring of patients with Parkinson’s disease.

2. BrainCare

BrainCare won the Health Design pitching competition 2018 with their solution for the long-term monitoring of epilepsy patients. Their implant technology UltimateEEG is an intelligent solution for smarter diagnostics and epilepsy treatment planning.

3. Hapekas Medical

Hapekas Medical is developing solutions for safer open-heart surgeries and post-operative surveillance. Their easy-to-use technology is based on optical sensors that monitor oxygen levels in the heart in real time, both during and after surgery.

4. MAKNEE

MAKNEE is developing non-invasive solutions for the evaluation of osteoarthritis and several other knee joint injuries. MAKNEE technology allows a faster transition from diagnostics to treatment.

5. MoMic

MoMic is a mobile microscopy device developed by University of Helsinki’s Institute for Molecular Medicine Finland (FIMM) researchers. The device utilizes automated diagnostics supported by artificial intelligence (AI) and is based on low-cost components originally developed for mobile phones.

6. Osgenic

Osgenic’s mission is to design safer surgery environments – both from the patients’ and surgeons’ perspective. They aim at ensuring better medical education according to two main principles: 1) simulation-based training and 2) skill transfer from simulation to the operating room. For this task Osgenic has harnessed virtual reality simulators that are particularly useful for training cognitive and psychomotor skills.

7. PREP Lab

The PREP Lab is studying the role of prolyl oligopeptidase (PREP) in Alzheimers’ and Parkinson’s disease – two debilitating neurogenerative diseases that threaten tens of millions of people in the ageing populations.

8. Sartar Therapeutics Ltd

Sartar Therapeutics is developing novel personalized therapies for patients with gastrointestinal stromal tumors (GIST) who have run out of therapy options. Sartar’s anti-GIST product anagrelide is an old drug molecule that has been reformulated by using a silica matrix technology that was developed by DelSiTech.

9. Xfold Imaging

Xfold Imaging develops solutions for biomedical imaging applications with up to 100-fold signal enhancement and customized nano-structured glass slides based on surface-enhanced bioimaging (SEBI) technology. Xfold allows the study of cellular structures and biomolecules at nanoscale resolutions and has potential applications in biomedical research, diagnostics and drug development.