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Accelerace Life

  • Published 31/03/2014
With a goal to create more than 200 new jobs, the Accelerace Life project sets its aim high.

 

The Nordic countries have traditionally been among the international elite in life sciences and medical technology, with one of the world’s highest patent filing rates per capita. Still, it does not seem that small and medium sized enterprises (SMEs) in this sector are able to capitalise on the existing Nordic framework, and the number of viable startup companies have reclined in recent years.
The Accelerace Life project wants to set up a cross-border high growth accelerator to help promising life science SMEs into the international market, placing it in four Nordic markets simultaneously. By forging a strong collaboration between the best Nordic incubators and accelerators, the project’s goal is to translate their gained market experience into the international market, with more than 25 new collaborations established among regional and national organisations, and approximately 75 SMEs creating more than 200 new jobs. 
Project participants:
Denmark: Accelerace Management A/S (Project Manager), COBIS A/S
Sweden: Stockholm Innovation & Growth, Karolinska Institutet, Innovations AB, Lund Life Science Incubator
Finland: Turku Science Park
Norway: Kjeller Innovasjon

Project partners:

 

 

Denmark: 

Accelerace Management A/S (Project Manager), COBIS A/S

Sweden:

STING, Lund Life Science Incubator, KI Innovations AB

Finland: 

Turku Science Park

Norway:

Kjeller Innovasjon

 

 

Project website: www.acceleracelife.com

 

 

Project description:


The Nordic countries have traditionally been among the international elite in life sciences and medical technology, with one of the world’s highest patent filing rates per capita. Still, it does not seem that small and medium sized enterprises (SMEs) in this sector are able to capitalise on the existing Nordic framework, and the number of viable startup companies have reclined in recent years.


The Accelerace Life project wants to set up a cross-border high growth accelerator to help promising life science SMEs into the international market, placing it in four Nordic markets simultaneously. By forging a strong collaboration between the best Nordic incubators and accelerators, the project’s goal is to translate their gained market experience into the international market, with more than 25 new collaborations established among regional and national organisations, and approximately 75 SMEs creating more than 200 new jobs. 

 

 

Project status:

 

As of May 2015, the Accelerace Life project has built a joint platform for high growth called Accelerace Life Labs. Here, SME’s formulate key hypothesis for fast market access.  Between labs the hypothesis are field tested in a Nordic setting, evaluated and re-formulated. This is repeated three times with the full network and expertise of the program and constantly validated with external experts and stakeholders.  

 

So far, 11 life science SME's from Sweden, Norway, Finland and Denmark has been accepted into the programme, with 5-6 more to follow in August 2015. Each SME have gained access to facilitated Nordic market testing in the field.