However, at the stage when SMEs are growing, they need considerable financial resources to continue investments in product development and clinical trials, in order to bring their products to market faster. To tackle these challenges the EIC pilot and Medtronic promoted a matchmaking and business acceleration event in Tolochenaz, Switzerland, home of Medtronic’s EMEA headquarters.
20 companies backed by the EIC pilot took the stage and shared their innovative health care solutions for medical devices and therapies, mobile and remote health, patient engagement, diagnostics, artificial intelligence, augmented and virtual reality, data analytics and robotics.
At the event, we talked to Ger Hill, Senior Director Global Innovation at Medtronic, about Medtronic’s innovation strategy and learned that “For a company like Medtronic who has currently reached around 30B$ in revenue, maintaining revenue growth requires us to draw on innovation not only from our substantial organic internal innovation, but also from external partners. There are a lot of smart people who don’t work at Medtronic, and we want to collaborate with them to turn their ideas and concepts into products and solutions for patients and Medtronic.”
We also spoke with Charity Kufaas, Vice President, Business Development & Strategy EMEA at Medtronic, who shared her view on the quality of the companies attending: “The technologies of the companies I’ve seen today are truly innovative and address unmet needs. There were a number that we found really interesting and which I’m sure we’ll follow up after the event.”
Sourced from EASME.
Read the original article on the EASME website.
Today on Promoting Enterprise we meet entrepreneur Virgílio Bento. Virgílio is from Portugal and is the founder of SWORD Health, a company working to change the future of physiotherapy. Today he shares with us a snapshot of his entrepreneurial story and his “secret of success”.
I became an entrepreneur in 2012 when I finished my PhD. It was clear to me that becoming an entrepreneur would be a more impactful use of my knowledge as opposed to staying in academia. It was then that I began my journey with SWORD Health. The company is building the future of physical therapy by combining AI with high-precision motion tracking sensors. This allows our patients to have access to high-quality physiotherapy without having to leave their homes.
The inspiration for the idea was personal and came from my family’s struggle to get high-quality physical therapy in a very difficult moment of our lives. Both my own personal experience as well as those of the SWORD Health patients and their families is what drives me to do better and achieve more. The company mission has remained the same from the beginning, to democratise the access to high quality physical therapy services with our digital therapists, regardless of the economic or social status of any patient.
Setting up my own business has taught me that talent, resilience and luck are key and you need all three to be successful. My overall ‘secret of success’ is to work smart and work hard, although I do not think it is a ‘secret recipe’; it is an attitude to life. Personally I don’t consider myself successful, and probably never will; there’s always a bigger mountain to climb. You also need to be prepared to make mistakes. I have not failed yet; but the time will come. Failure is not about when, but how one deals with it.
Being an entrepreneur is exciting and unpredictable, so if I could go back to the beginning of my entrepreneurial journey, I would tell myself to buckle up for one hell of a ride. I believe that the process of innovation is like going into a dark forest and coming out alive on the other side. Despite the inevitable difficulties and challenges of being an entrepreneur, I would advise all potential entrepreneurs to simply persist. It is not going to be easy, but it is well worth it.
Want to learn more about Virgílio’s work? Have a look at the SWORD Health website.
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