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Call for Applications for Product/Market Fit Funding

Call for Applications for Product/Market Fit Funding

Entering a new market as a health startup requires correct market insights, knowledge of regulation, adequate contacts and a possible refit of your product and/or business model to the necessities of that market. Going on your own as a startup, requires a lot of resources, time and money. EIT Health Accelerator is offering startups a quick market scan in Spain, United Kingdom, Germany, Belgium, the Netherlands and France. Some eHealth companies will be able to benefit from a fully funded product/market fit worth €25 000. The information you acquire will give you actionable insights and be of tremendous value for your company, to convince investors in the next funding round and to further explore or discard possibilities on a certain market.

Requirements
Companies need to be at the right maturity stage and must fulfill a couple of basic requirements to profit most from the product/market fit service. We require your company to:
  • be a digital health company (ehealth, mhealth, clinical decision support, Big Data and even medtech, lifetech and biotech firms that have a digital component);
  • be established in Europe;
  • have a technologically innovative product;
  • have a minimum viable product;
  • have a maturity of advanced seed stage or preparing Series A;
  • have at least a first paying customer in your home country;
  • own the intellectual property rights or have a license to use them;
  • be not older than three years at the moment of submission.
 
Each company may state two countries of preference at the time of submission and must  have received a support letter from a local incubator, tech transfer office or investor.
 
Submission of applications
Proposals must be submitted using the online application form linked here. A video pitch of up to five minutes will need to be provided as part of the application process. In order to be eligible, proposals must contain all the required information and be completed via the online application form.
 
Practical information
  • You will find more information on the website.
  • Download the Call for Application here.
  • Call Closes 31 March, 2017 at 16h.