European Health Catapult
Along with being EIT Health's premiere pitch competition, European Health Catapult is also a training programme that boosts the development of top-notch European health start-ups. The programme exposes Biotech, MedTech and Digital Health start-ups to leading experts and international investors through intensive, multi-channel involvement of the whole EIT Health community. It culminates in a high-profile pitch contest at the EIT Health Summit.
Is it for me?
The European Health Catapult is open to micro and small enterprises (<50 employees), spin-offs and start-ups that are already incorporated and are looking for seed or series A funding of a minimum €500 000. Participants must be:
- active in the fields of MedTech, BioTech or Digital Health
- operating in an EU Country
- offering innovative business concepts
- connected to the EIT Health community.
- Application deadline: 27 March 2019
- Regional Stage: April-May 2019 – The best regional start-ups selected in each category: Medtech, Biotech and Digital Health.
- Semi-Finals: September-October 2019
- Finals: 1-4 December 2019 at the EIT Health Summit in Paris
Benefits of participation
Entering the European Health Catapult gives participants the opportunity to join a unique forum for innovators with an intensive two-step selection and 360° preparation. This involves dedicated training and selection days that allow participants to optimise their business plan and strengthen their ability to pitch in front of top-level investors and industry stakeholders.
Participants gain real-world entrepreneurial experience and potential access to an international network of world-leading MedTech, BioTech, pharma and IT companies that are partners of EIT Health and Health Axis Europe.
Participants will also have early access to an international network of investors (VCs, corporate VCs, business angels, crowd investors) to boost their business ideas, as well as guidance to access unique services offered by EIT Health networks in crucial areas such as clinical validation (living labs and test beds) and the mentor and expert platform.
Interested companies apply to participate at the regional level. The seven regional competitions will be organised based on the EIT Health regional structure. Start-up companies may only apply to one region. Companies are advised to apply to the regional office with which they are most likely to associate. For instance, companies should self-identify with this region, have their company registered in this region, or have a second office in this region. Please be aware that attendance to local events in person may be required.
Stage 1: In total, 42 teams (14 per category) will be nominated from seven CLCs. These nominees will be invited to a compact training programme designed to prepare the teams and a selection day with a competition in each category. Benefits include reviewing of their business plan, pitch training, and exposure to experts and investors.
Stage 2: Half of these semi-finalists – a total of 21 teams (seven per category) – will be chosen at the training and selection days, and will be invited to pitch at the finals during the EIT Health Summit. Travel costs will be covered.
Stage 3: At the EIT Health Summit, the "best of the best" business plans in MedTech, BioTech and Digital Health will be selected by a panel of experts. The top three finalists in these categories will receive an award based on their placing. The maximum amount of all prizes awarded will be €200 000.
Applications via the EIT Health Optimy platform start from 11 January. Application deadline: 27 March, 2019, 16.00 (CET).
Applications should be submitted in executive summary format with an extraction of key numbers from the business plan if any. A video pitch is highly welcome.
Important note: Applicants are only allowed to participate in either the EHC or Headstart Programme, but not both.
- Health Axis Europe
External website: https://www.europeanhealthcatapult.eu