Since the start in 2012, Medicon Village has developed into Scandinavias’ largest science park with focus on life science. Through SmiLe Incubator, among others, startups have been offered a comprehensive support in validating, verifying and developing their business ideas. Once the companies have left the incubator program, however, there has been a lack of a dedicated program for growth, addressing the specific needs that arise when the companies want to scale-up their business.
With the support of a new development program for innovative life science scale-ups in southernmost Sweden, SmiLe Incubator and Medicon Village expect to create better conditions for these companies to develop and grow their operations and thereby further strengthen the life science sector in the region. The program includes more proactive coaching, increased access to venture capital as well as support in organizational and leadership development, digitalization and internationalization. The participating companies will also be offered support when it comes to marketing and office services. The development program is the first step in a long-term effort to strengthen the conditions of growth companies in the region. In the next stage, the goal is to establish a so called ’cultivator’ with specifically designed office and lab space.
– SmiLe has some 70 active alumni companies but there has been a lack of tailored support for these and other life science companies in the growth phase in the region. This initiative is an important piece of the puzzle in developing a comprehensive support so that we can see even more companies succeed in reaching the market with their solutions, says Ebba Fåhraeus, CEO of SmiLe.
– Our joint initiative builds on the platform for life science research and innovation that has been developed during Medicon Village’s first ten years. The southernmost part of Sweden stands for more than a third of Swedish life science patents and it is important to create the right conditions so that the strong willingness to innovate that exists here is translated into products and services that reach patients, says Sarah Lidé, Deputy CEO of Medicon Village Innovation.
– Life science is one of most important development areas in Lund and the region, with a close collaboration between Lund University, Skåne University Hospital, Max IV and the companies at, among others, Medicon Village. To strengthen the conditions for development and growth by investing in life science scale-ups is a priority for the municipality in working with developing our unique innovation environment, says Anders Almgren, Mayor of the City of Lund.
The initiative is co-financed by the European Regional Development Fund, Medicon Village and SmiLe Incubator and will initially run until January 2026.