The first lab to bring HealthTech startups to market quickly
June - December 2024
Online presense
Applications accepted till: 10.06.2024, 24:00 CET
Online presense
Applications accepted till: 10.06.2024, 24:00 CET
If your project is stalled or progressing too slowly, we have the connections and expertise to boost your traction!
Future Health Lab
25:05:24:00
Supported by the EIT Health
Describe your startup
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Days
Hours
Minutes
Seconds
What You’ll Get
Founder of a HealthTech startup?
Checkup the benefits you'll get by joining the Lab:
Tap into a vast network of HealthTech investors. Pitch your idea and get help raising funds
Access to investors
Licenses, grants and discounts from our partners. Don’t miss the total value of €100.000+
Access to Grants
Join a vibrant HealthTech innovation community for ever. Find partners and co-founders “on the click”!
Innovation Community
Our lab will be rigorously tailored to the needs and problems of each and every HealthTech startup
Personalization
Instead of “strategy sessions”, we help you finish MVP, and run your [damn] pilot ASAP
Pilot launch
Get access to a wealth of analytical data. Get tete-a-tete coaching from practicing experts
Industry expertise
The Lab is an invitation to startups, experts, investors and other healthcare stakeholders to work together to develop answers to the challenges facing medicine
What Our Lab Is
The Lab is neither a competition nor a school
We invite HealthTech professionals to work together on the future to create products and services in demand by customers
Only together can we change the healthcare system with quality innovation, diverse resources and platforms to test and deploy solutions
Who We Are
The Lab is organized by 4PM Ventures – a European Healthtech Venture Builder, whose activity is aimed at developing and bringing new technologies to healthcare markets. It creates new businesses based on the concepts of future healthcare systems that will positively impact human health, improve the quality of life, while expanding the possibilities of medicine and making it accessible to all.
4PM Ventures was founded in 2019 under the name Expanse Capital as a boutique startup accelerator for Health Tech projects in the Baltic region. In 2024, we transformed our business model into a Venture Builder and changed our name to 4PM Ventures. We have a diversified and distributed team with our main office located in Riga, Latvia.
4PM Ventures was founded in 2019 under the name Expanse Capital as a boutique startup accelerator for Health Tech projects in the Baltic region. In 2024, we transformed our business model into a Venture Builder and changed our name to 4PM Ventures. We have a diversified and distributed team with our main office located in Riga, Latvia.
Meet the team & experts
And more than 50 experts will be available for the participants of the laboratory
Lab’s Timeline
Jun - Jul
Jul - Sep
Oct - Nov
Nov - Dec
6 + 6
First results!
BEFORE payment decision!
Module 1
Goals setting
Assessing potential
Assessing potential
Module 2
Project development
Pilot preparation
Pilot preparation
Module 3
Resource acquisition
Funding
Funding
Module 4
Team composition
Fundraising strategies
Fundraising strategies
Support
Based on 6+6 formula, we support your project six months after the first batch of modules!
Demo Day is
18.12.2024
Lab starts
12.06.2024
Lab’s Timeline
First results!
BEFORE payment decision!
Jul - Sep
Module 2
Project development
Pilot preparation
Pilot preparation
Jun - Jul
Module 1
Goals setting
Assessing potential
Assessing potential
Lab starts 12.06.2024
Oct - Nov
Module 3
Resource acquisition
Funding
Funding
6 + 6
Support
Based on 6+6 formula, we support your project six months after the first batch of modules!
Nov - Dec
Module 4
Team composition
Fundraising strategies
Fundraising strategies
Demo Day is
18.12.2024
Lab starts
12.06.2024
Partners
HealthTech Focus Verticals
We’ve vested nine niches with the biggest chances for investment attractiveness and business success. Those niches will multiply by 2027 - 2030 and reach these amounts:
Pre-Lab webinar
To answer all your possible questions live, we invite you to a special webinar to be held on 4.06.2024
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Femtech & Men’s health
The global Femtech market will double by 2030 and reach 103 billion USD.
We look at specific solutions to support people going through pre- and menopause, personalized contraception, infertility issues, men's health, and responsible behaviors
EIT Health
EIT Health was established in 2015, as a ‘knowledge and innovation community’ (KIC) of the European Institute of Innovation and Technology (EIT). The EIT is made up of various KICs who each focus on a different sector, or area, of innovation – in our case, that is health and aging. The idea behind the EIT KICs is that innovation flourishes best when the right people are brought together to share expertise. The so called ‘knowledge triangle’, is the principle that when experts from business, research and education work together as one, an optimal environment for innovation is created.
We are a dynamic and diverse team of people who collectively share and realise the EIT Health mission of improving lives in Europe through innovation. We are headquartered in Munich, Germany, with a pan-EU representation via seven Co-Location Centres and InnoStars.
Diagnostic solutions
The global market for diagnostic solutions will grow by 1.2 times by 2027 and reach 144.7 billion USD.
We consider any IVD solution, but the preference is for POCT (point-of-care diagnostics)
Patient monitoring devices
The global market for patient monitoring devices, measured relative to revenue, will grow 1.5 times by 2027 and reach 65.4 billion USD.
Focus on solutions for secondary screening and monitoring of already established diseases
Rehabilitation equipment
The global market for rehabilitation equipment will grow 1.3 times by 2027 and reach 19.8 billion USD.
We look at rehabilitation equipment projects, mobility software solutions, exercise equipment and body support devices, as well as other rehabilitation activities such as speech restoration, cognitive abilities, and domestic experience.
Home Healthcare
The global Home Healthcare market will grow 1.5 times by 2027 and reach 340.2 billion USD.
Smart home for patients receiving medical care at home. Medical equipment for the provision of medical care outside of medical institutions. Software, platforms, algorithms for providing medical services outside medical institutions
Digital, app-based therapies
The global market for startups targeting digital and app-based therapies will grow 6.5 times by 2030 to reach 32.5 billion USD.
Digital Therapeutics (DTx) are evidence-based therapeutic interventions driven by software to prevent, manage, or treat a medical disorder or disease.
Digital health
The global Digital health market will grow 2.9 times, reaching a value of USD 430.52 Billion USD by 2028.
These are solutions for use by healthcare professionals to improve the efficiency of both healthcare facilities and patient outcomes.
Agetech/Silvertech
Solutions that primarily improve the quality of life of older people, activity, and the opportunity to participate in social projects.
The global market for Agetech will grow 2.5 times and reach a market share of over 2 trillion USD.
Mental health
We look at mental and psychological wellbeing solutions, neurotechnology including implantable neurotechnology, feedback prosthetic systems, behavior management systems, and specialty neurotrainers and information services.
The global market of Mental Health is expected to reach US$ 508.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.
Price & Conditions
Future Health Lab welcomes and stands tall for startups that:
Are ready to dedicate at least 10 hours a week of one team member for this Lab
Have a team of 3+ people
Have a legal entity registered in the EU or willing to do so with our help
Have developed a product at TRL 4+
Have product use hypotheses
Focus on one of 9 tech areas above
Fees & Co-financements:
The program fee is EUR 25,000
50 selected teams will get invites to Module 1
Others will choose: pay the fee, opt for a 1% equity transfer or leave
After Module 1 twelve teams will receive a certificate for free participation in the Lab
The decision to pay for participation in the lab will be made by the startup during the 1st module
22:22:22
Time left until applications are accepted:
* Once you apply, be prepared to be under intense pressure from our trackers until you appear on Module 1, and so on.
Time is running out!
Frequently Asked Questions
The main difference between an acceleration laboratory and an accelerator lies in their approach and focus.
An accelerator typically offers an intensive educational program aimed at helping startups refine their business models and prepare for investment. It often culminates in a demo day where startups pitch their projects to potential investors.
On the other hand, an acceleration laboratory, like ours, invites participants to collaborate on refining their projects alongside organizers, fellow participants, and experts in related fields. Our focus is on transforming healthcare by bringing new products to market through collective effort and collaboration.
To achieve this, we create a virtual coworking environment that not only facilitates progress towards each participant's project goals but also fosters valuable side effects and synergies among participants.
Find out more about our lab on LinkedIn and Facebook.
An accelerator typically offers an intensive educational program aimed at helping startups refine their business models and prepare for investment. It often culminates in a demo day where startups pitch their projects to potential investors.
On the other hand, an acceleration laboratory, like ours, invites participants to collaborate on refining their projects alongside organizers, fellow participants, and experts in related fields. Our focus is on transforming healthcare by bringing new products to market through collective effort and collaboration.
To achieve this, we create a virtual coworking environment that not only facilitates progress towards each participant's project goals but also fosters valuable side effects and synergies among participants.
Find out more about our lab on LinkedIn and Facebook.
The design of the laboratory is based on the obvious trend towards the development of the healthcare technology market in the direction of platformization. Startups need to have competencies in creating platforms, integrating with them, and other forms of interaction.
Together with startup teams, investors, and HealthTech market specialists, we will determine the development priorities for each project individually. We will use strategies to enhance investment attractiveness through mergers, consolidation, and mutual reinforcement of startups. We will look into the future of medicine until 2035 and examine projects through the lens of the future.
Together with startup teams, investors, and HealthTech market specialists, we will determine the development priorities for each project individually. We will use strategies to enhance investment attractiveness through mergers, consolidation, and mutual reinforcement of startups. We will look into the future of medicine until 2035 and examine projects through the lens of the future.
Definitely submit an application! If you pass our assessment and you have a plan and readiness to register a company in Europe, we will discuss the terms with you personally.
If you are willing to register your company in Latvia, then we can discuss individual terms with you.
- You must meet the basic criteria outlined above,
- Submit your application by June 7, 2024, and receive an invitation to the first module of the laboratory,
- During the first module, get acquainted with the laboratory organizers and understand its usefulness for your project,
- Based on participation in the first module of the laboratory, 12 teams will have the opportunity to receive a certificate for free participation in the laboratory from the organizers and partners of the laboratory, while others will need to choose a payment option: pay 25k euros or 1% equity.
- Comprehensive assessment: Different perspectives on your project within a condensed time frame, providing a 360-degree view and understanding of its future prospects and plans.
- Increased investment attractiveness: Facilitating fundraising processes with the potential to secure investments from the lab organizers or our partners.
- Time savings and accelerated development: Streamlining project tasks and speeding up development processes.
- Designing, preparing, and/or launching pilot projects with lab partners.
- Initiating processes to attract necessary resources for further startup development (grants, advisors, consortia, access to IT platforms, etc.).
- Detailed roadmap for project development in 2025.
- Establishing partnerships and consortia.
- Networking with experts who may be difficult for startups to reach and connect with independently.
- Acquiring additional competencies that are crucial for project development and addressing startup challenges.
- Individual consulting support from lab organizers, both during the program and for six months after its completion.
- The laboratory is structured into 4 modules of varying lengths covering all stages of project development up to TRL level 7.
- We do not publish a complete schedule because the laboratory program will change depending on the directions of the startups that join, their level of development, and the list of needs. However, we will publish a detailed schedule for each module before the end of the previous module.
- The first two modules will be quite intense, requiring approximately 7 hours per week for program activities and calls with the tracker. The autumn modules will allow for a more relaxed schedule.
- Each week will consist of approximately 2 events plus 1 meeting with the tracker. There will be homework assignments and a final pitch at the end of each module.
If you still have any questions, if you still have any doubts that need to be thought about, please feel free to contact me personally at any time.
Varya Selina
4PM Ventures Laboratory Program Director
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PS
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To apply to join the investment club, click here.
PS
By submitting your data to us, you agree to 4PM Ventures' personal data processing policy.
Are you willing to pilot innovative solutions, help run clinical trials, or are you interested in innovative solutions to improve efficiency?
If so, welcome with your ideas for collaboration - click here, fill out a short form and we'll get back to you very soon!
PS
By submitting your data to us, you agree to 4PM Ventures' personal data processing policy.
If so, welcome with your ideas for collaboration - click here, fill out a short form and we'll get back to you very soon!
PS
By submitting your data to us, you agree to 4PM Ventures' personal data processing policy.
Offer your expertise to our team and our lab members.
Send your CV by clicking here.
PS
By submitting your data to us, you agree to 4PM Ventures' personal data processing policy.
Send your CV by clicking here.
PS
By submitting your data to us, you agree to 4PM Ventures' personal data processing policy.
Do you help startups in registration and certification, intellectual property registration, provide legal services, provide your platforms to startups?
We are waiting for your proposals. Click here!
PS
By submitting your data to us, you agree to 4PM Ventures' personal data processing policy.
We are waiting for your proposals. Click here!
PS
By submitting your data to us, you agree to 4PM Ventures' personal data processing policy.