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We are not your typical startup accelerator. We do not cover startups pitch training, vision/mission or product-market-fit. We expect entrepreneurs to have the fundamentals of their ventures in place.
We combine the tenacity of start-up fervour with the experienced corporate world, we collaborate to create industry-first developments and pave the way forward. We gather startups focused on health, wellbeing and food tech and help them to co-create with large enterprises, combining the best of both worlds to build the better future for millions of people.
The application for Vertical spring 2018 collaboration program is now open.
Startups with the best value proposition will join the Value Proposition Week on February 12-15, together with consumer tech producer Samsung, food company Fazer, the second largest hospital in the Western world – Hospital District of Helsinki and Uusimaa, the private provider of social welfare and healthcare service for the Swedish speakers of Finland – Folkhälsan, among other partners.
After Value Proposition Week, selected participants will start 3 months hand-in-hand collaboration with decision makers from Samsung, Fazer, HUS & Folkhälsan to turn their proposals into projects. During 3 months program (March – June 2018) startups will go through four milestones:
1. Customer compliance > 2. Finalised value proposition > 3. Collaboration terms > 4. MVP delivery
Each team will get dedicated resources and 200+ world-class mentors ensure that the collaborations between start-ups and partners develop successfully.
What else? 0% equity, free of charge, part-time
Vertical is located in Helsinki at Maria 01, the heart of the Nordic startup & tech scene
At Vertical we will walk with you through the whole path including getting you ready for business collaboration, engaging with key stakeholders, finetuning and validating the value proposition, preparing and agreeing on the collaboration terms and delivering the agreed proposal.
In addition to a possibility for cooperation with our partners, we offer startups direct access to industry insight, cutting edge technology and global market outreach. You’ll get to build your product with them, work head to head with Samsung R&D people, brainstorm with Fazer team, share insights on the elderly healthcare with Folkhälsan experts and dig into the future of medical healthcare with several of our university hospital partners around Finland.
Our partners are the best in their fields and share your interest to bring life-changing products to the market. You will benefit from their international market knowledge and customer base, and receive invaluable mentoring and insights on the market.
Largest consumer electronics company in the world. They offer an unique global go-to-market opportunity and access to the latest technologies within mobile and wearables.
International family-owned company offering quality bakery,confectionery, biscuit and grain products as well as food and café services.
NGO focusing on health promotion, elderly and child care, education and research.
Joint Authority formed by 24 municipalities and 22 hospitals.
In addition to the opportunity of turning your initial business proposal into real cooperation cases together with our partners during our equity and fee-free 3-4 month collaboration program, our Vertical teams will also get access to our 200+ industry expert mentor network, 6-month free co-working space in the biggest startup hub in the Nordics, Maria 01, in Helsinki city center and 2 tickets / team and booth presence at the biggest health startup & innovation event in the Nordics, Upgraded Life Festival.
Moreover, at the end of the program we invest up to €150,000 in the most promising startups. The collaboration program is free for you as a startup, but we withhold the right to a first right for refusal for making an investment into your company.
Our ideal candidates are ambitious teams who have put passion into developing a product that will change people’s lives and health for the better. We seek to work together with entrepreneurs that have a proven concept requiring support to reach growth and scalability as well as interesting business proposals for our partners.
The teams will be selected over two rounds. The first is an application on the site.
|October 10||Application opens|
|December 10||Application closes|
|December 27||Results of the phase 1 are announced. Selected teams are getting access to the phase 2.|
|January 8||2nd selection phase closes|
|January 19||Results of the 2nd selection phase are announced. Selected team invited to the next phase.|
|February 12-16||Value proposition Camp & Final Selection with Samsung, Folkhälsan, Fazer & HUS|
|March||Spring batch 2018 collaboration program kicks-off|
|June||Spring batch 2018 collaboration program ends|
During the Value Proposition Week (February 12-15, 2018), you will have the opportunity to meet and discuss on 1-on-1 meetings with our main partner Samsung, Fazer, Folkhälsan and HUS in addition to some of our core mentors. During the Value Proposition Week you will valuable feedback and guidelines regarding your value proposition and turn them into real project plans.
By February 17 you will know if your value proposition has been selected for continuation in the collaboration program. The program starts from March until June 2018.
Have questions? Check out the FAQ or get in touch directly!
Head of Portfolio
We are part of your team. We don’t just advise you, we work with you shoulder to shoulder each and every day to build successful stories. At Vertical our goal is to get you in front of one or several of our partners and turn your initial business proposals into real and concrete collaboration projects. This usually means to get you to the point you have built something impressive enough to get paid customers and start to scale your business.
Together, with our team, partners and 200+ mentors, we will brainstorm, plan, design, finetune, and if needed start all over again with you – we share your passion to build great business proposals and make them happen.
Our partners are an integral part of the Vertical collaboration program. In fact, their curiosity prompts us to look at specific trends and requirements.
In other words, we work together with them to find and select the most promising companies to revolutionize healthcare together.
Our program has been designed to facilitate such collaboration from day one following a 4-step process to offer economies of scale and efficiency.
Our partners provide you with the latest tools and technologies for you to build your success and we can promise you a unique and direct access to these industry leaders.
Our corporate partners are various industry leaders across the value chain. During the program, they will interoperate and connect to redefine and provide tomorrow’s healthcare solutions together with you and Vertical team.
Latest technologies from various domains of expertise are converging to disrupt traditional healthcare. Tomorrow’s healthcare innovations will be built on a foundation of several competences. We are providing a new way to accelerate innovation where industry expertise and lean startups are blended. Each of our partners brings a unique access to technology, market insights, distribution and beyond to our portfolio companies. In that respect, expect more large companies to join us soon.
They are 200+ medical experts, serial entrepreneurs, venture capitalists, angel investors, journalists and other professionals that will provide you with the best experience, help and network out there to get you to the final destintion.
Yes, we invest up to 150 000€ in the most promising companies taking part of our program.
Yes, as a part of the program we offer 6 month of free co-working space in our newly renovated facilities at the biggest startup hub in the Nordics, Maria 01, in Helsinki city centre.
We expect at least 2 people of your team to relocated to Helsinki for the duration of the program to fully leverage the opportunity. You can choose who will be joining us but we require that they have decision power in order to make changes happen. We also recommend you to send different team members at different stages of the program in order to make the knowledge transfer easier.
We’re looking for early-stage companies that are solving real problems in healthcare and people’s wellbeing. We select companies based on the team, idea, business model and the potential to disrupt global industries. We try to assess the founders’ ability to interact and benefit from interactions with our partners, mentors and community.
Our partners are our biggest asset, eager to work with innovative entrepreneurs so we look for teams that have synergies with their requirements. Ultimately we look for companies that have strong potential for collaboration with one or more of them, companies that can benefit from the platforms, distribution channels and expertise of our partners provide.
Ultimately we look for companies that have strong potential for collaboration with one or more of them, companies that can benefit from the platforms, distribution channels and expertise that our partners provide.
We run two programs each year. One in the fall and another one in spring. Each batch takes in 10-15 companies. Companies can stay at our space up to 6 months free of charge as well as using our event facilities.
We have a three step process, including – an online application, a video or in-person interview and a final selection event where we invite our team and partners to maximize business match from day one.
We typically respond to applicants within a few days at each stage and accept teams on a rolling basis. We try to be as founder-friendly as we can, given that we have been in your shoes and understand what it’s like to start a business.
The TOP 20 teams will be invited to the Selection Days in Helsinki where you get meet with our team, mentors and industry partners. The TOP 6-10 teams will make it to our next batch.
We don’t take equity from participating startups, but in exchange for the program Vertical receives a right of first refusal to invest in the company with a 25% discount within one year. When we do invest, we receive normal stock, which is just like founders’ stock.
You maintain complete control of your company and we remain committed to make you successful.
If you make a deal with one or few of our industry partners we might get a finders fee from that deal. This way we ensure that our team as interested in making things happen for you, as you would be yourself.
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