The strong impact it has achieved during and beyond project lifetime are divided below and maximizes the value-added oering for European Healthcare start-ups and ecosystem:
1. Ensure complementary start-up support to bolsters European eectiveness:
21 EIC Beneficiaries were supported, over 463 companies screened, and thousands received impressions of the two institutions (EIT and EIC), increasing European effectiveness. All programs offered provided different support such as enhancing access to new markets & experts, increasing corporate partnerships as well as complementary individualised support for EIC teams, which demonstrated the societal impact of improvement and capturing of unmet medical needs. For example, the short-term achievement of 4 products launched and 2.2 Mn € investment attracted, already demonstrate the complementary support from EIC and EIT Health. Long-term impact will be continuously monitored.
2. Pave the way for joint co-investments between EIC & EIT
After the end of the project, 1 New Access to Finance Program (Ready for Investment) was created to test and validate the operational processes and strategic initiatives to support EIC Beneficiaries on investment readiness. The 4 EIC Beneficiaries received customized support for their overall funding roadmap. Additionally, knowledge gained will increase European outreach of EIT Health Access to Finance oerings and be able to support future beneficiaries, other EU organizations have already expressed interest in future collaborations. Furthermore, lesson learned for a future co-investment scheme between EIC and EIT Health.
3. Create future synergies in line with the Commission’s principles and Cross-thematic cohesion
Aligned with the New Innovation Agenda, 1 Fast Track Scheme has been developed in 2022 which demonstrates the impact of building European capacities and ensure cross pollination to other industries. The lesson learned have been shared to shape upcoming initiatives and affect European competitiveness leading to societal impact.
A data sharing structure has been developed that aligns with Commission’s priorities on creation of a European health data space for better policymaking European health data space.
4. Increase visibility of both EIC and EIT Health programs and oerings
Events served to disseminate results to create societal impact and transfer knowledge to other European institutions. Publications of joint press-releases, lessons learned and the building of new processes is likely to impact industry horizontals beyond health that will increase and leverage investments and access tonew healthcare solutions for patients leading to a more health equitable Europe.
