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INNOLABS

For leveraging cross capacity building between
ICT, Health, BIO and Medicine sectors for new
emerging industries in personalized health

The INNOLABS Investors Day in Madrid is an excellent opportunity for Startups and SMEs to meet investors specialized in Health. Participants will be able to meet and connect with investors in person, to pitch their idea, network and compete to win cash prizes.

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INNOLABS INVESTORS DAY

WHAT
WE
DO?

INNOLABS project aims to foster collaboration, transfer of knowledge and opportunities among SMEs from different countries and sectors in order to develop, improve and deliver disruptive technologies mainly related to mHealth, personalized healthcare and ageing populations. INNOLABS will select more than 100 innovative project ideas to accelerate and further support monetarily and with innovation services.

Starting on the 1st of January 2017, the project has a duration of 2,5 years and is supported by Horizon 2020, the EU Framework Program for Research and Innovation.

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Two large Contest Idea Events

In each of the events, ideas will be generated and developed through online and onsite meetings and workshops. With support from INNOLABS, SMEs will join up with SMEs from other sectors and/or countries to collaborate in developing these ideas further. Those collaborations with the best ideas will be selected to develop a concept prototype and receive 30,000€ in direct support funding.

In addition, knowledge and experience of project partners, consultants and external experts will help teams to boost their performance through innovation services valued up to 20,000€ (10,000€ for finalist projects).

Three Hackathons

We foresee three INNOLABS hackathons during the project’s lifetime: the 1st of these will be co-located with the 1st INNOLABS Event, 2nd in M12 and the final one in M24. They will serve (especially the two first) to publicly display new technologies, to explore commonalities and differences for SMEs active in the ICT, Bio, Health and Medicine industries and, to provide the opportunity for teams to get to know each other and work together in joint idea creation and development.

To increase the appeal of the events and foster participation, several small prizes (Up to 36.000€ per event) will be awarded to the most promising ideas and projects in each of the Contest Ideas and Hackathons (3 prizes of 17.500€, 12.500€ and 6.000€ per event) and they will be also promoted through INNOLABS dissemination channels.

University student competition

Partner clusters will host three boot camps for young innovators in April 2018. Working in small teams, students will be taken through a creative thinking process that generates original ideas for health innovations. These ideas will then be pitched to local SMEs from ICT, Bio, Health and Medicine. Those student teams with appealing ideas will be adopted by SMEs who will support the technical development - including piloting - of the idea in partnership with the students and the student’s host university/college during 2018. This will include financial support by a SME for their student/student team to attend relevant INNOLABS and Cluster events.

Each student/SME collaboration that are able to successfully develop the idea further in 2018 will then have an opportunity to present it to a panel of INNOLABS partners, peers and potential investors in early 2019. The two best ideas generated by student/SME collaborations will have 25,000€ awarded to the ‘host’ SME for further investment in the idea to help bring it closer to market. However, we believe that other developed ideas will also be of interest to potential investors.

Final Workshop in Oslo

INNOLABS final workshop will showcase its results, the most significant projects, present the INNOLABS White Book with learning from the project for public policy makers and private investors/SMEs with interest in crossover collaborations and, reveal commitments that ensure the continuing impact of the platforms, resources and collaborations generated by the project.

As part of this event, there will be a ceremony in which the final prize of 50,000€ will be awarded to the best performing SME selected from among all those previously awarded support by INNOLABS. To this end, an independent jury will have assessed all candidatures and ranked them based on several criteria and merits, especially based on impact, continuity and technical aspects.

2,5 years

Starting on the 1st of January 2017, the project has a duration of 2,5 years and is supported by Horizon 2020, the EU Framework Program for Research and Innovation.

100+ ideas

INNOLABS will select more than 100 innovative project ideas to accelerate and further support monetarily and with innovation services.

€5 million

The European Commission has granted INNovative LABS (INNOLABS) project with €5 million with the objective to deliver new products and services for healthcare building upon the capacity from European SMEs belonging to the fields of ICT, Health, BIO and Medicine.