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Published on : Oct 30, 2014

For the very first time, a health tech start up campus has been established by GE Healthcare at its headquarters at Helsinki, Finland. This area already has about twenty such healthcare start ups that are working on cloud services, wireless technologies, apps, and sensors that aim at improving healthcare.

The main rationale behind such a step is providing opportunities for further growth and innovation in the area of healthcare and healthcare services. According to sources at GE, health tech is a major venture for Finland since this alone accounts for close to 50% of the high technology exports of Finland.

Healthcare start ups are allowed to rent a place for themselves on the campus and they are gradually offered several opportunities for development and funding with the passage of time. Furthermore, as a step to bringing together brainstorming entrepreneurial workers, support is provided for even establishing a subsidized café.

Senior officials are of the opinion that the healthcare sectors essentially need fresh thinking and innovation. The primary aim is to bring the healthcare start ups closer to each other so that there is enough scope for innovation when people get to interact with each other closely. Exchange of ideas amidst the start ups helps top generate innovative ways of thinking and newer ideas. This eventually proves to be beneficial to customers as well.

Hitherto, start ups have mainly included companies like Fjuul, which is basically consumer focused and deals with a smart phone physical activity monitor and Beibamboo, which is a specialty clothing company for infants and toddlers.

The project, however, has bigger plans of enhancing the quality of healthcare and restructuring the system of healthcare with greater sustainable models.