Samsung Electronics to accelerate Finnish startups

A new Startup Accelerator focusing on health technology will be starting up in the metropolitan area of Helsinki. Vertical Startup Accelerator, which was founded by professionals within enterprise and startup development, recently partnered with one of the biggest global manufacturer of consumer electronics – Samsung Electronics. The Startup Accelerator is currently setting up in Espoo Otaniemi from where it is planned to expand to Meilahti and Viikki campuses in Helsinki.

Vertical Enterprise Accelerator is solely focused on health technology and smart life. The Enterprise Accelerator is run twice a year for 4 -­ 6 months by entrepreneurs and experienced professionals. Each time 15 early stage companies within bioscience, health technology and nutrition is chosen for the programme. The enterprise accelerator offers companies an environment where to develop and grow their business: together with selected partners, the programme offers members work spaces, a training programme that meets international standards, organising of financing, assistance, and connections within marketing and international product distribution.

"This Samsung´s announcement as the GE Healthcare´s new programme in Finland are results of determined work. They really show that Finland is a promising innovation hub and interesting place to invest", says Director Minna Hendolin from Tekes.

Startups are in many ways the focus of attention and efforts in a country like Finland, which is aiming to release itself from the grip of the global recession. Health technology has been identified as one clear growth and investment area, and therefore also an area for startups and employment. A national growth strategy for research and innovation in the health sector was announced last year in May by the co-­operation of three Finnish ministries (Ministry of Employment and Economy, Ministry of Social Affairs and Health, Ministry of Education and Culture), Tekes and Academy of Finland. The strategy programme will proceed with a number of parallel actions.

“Finland is already one out of ten countries that export more health technology than they import. The national turnover within the sector is 3 billion (3 thousand million) euros and we aim to grow this export significantly during the next few years. This growth can be done in co‐operation with new innovative enterprises and globally successful corporations such as Samsung,” Pekka Sivonen, co-­founder at Vertical Startup Accelerator comments.

Further infomation

Pekka Sivonen
Tel. +358 45 895 0966
pekka (at)

Marko Nurmela
Tel. +46 706 144664
m.nurmela (at)

Tomi Mäkelä, Academic Medical Center Helsinki
Tel. +358 50 528 6128
tomi.makela (at)

Pia Mörk
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