Health Capital Helsinki conducted a survey among Finnish small and medium-sized companies with solutions to Covid-19 in May-June 2020. The majority of Finnish companies and startups with solutions to Covid-19 crisis have seen a positive impact in their business this spring. Most of them also see the post-Covid-19 future as bright.
Health Capital Helsinki has been compiling an updating list of Finnish health tech startups and companies with innovative solutions in the battle against Covid-19 during the whole spring. In May and June, the project conducted a survey to the startups presented in the list of Finnish Covid-19-related health tech innovation. The questionnaire was sent to 57 companies, of which 30 companies responded. Most of the companies have solutions aimed at healthcare providers, some directly to consumers. The conclusion was quite clear: Covid-19 has had a positive impact on Finnish companies with health tech solutions.
Every crisis creates opportunities
The fundaments of taking new digital technology to use in healthcare have been there for decades, at least on a discussion level. When Covid-19 hit hard and unexpectedly, health technology finally got a flying start.
“According to our study, it seems that Finland has followed the global trend in Covid-19: Winning companies are the ones with a solution for digital health or diagnostics or the ones that have been able to adjust their business quickly. The acute crisis has made the demand for novel digital solutions in healthcare go through the roof, and the new solutions will stay in use from now on”, comments Lauri Kuronen, Business Advisor, Health Capital Helsinki.
“Crisis is always an opportunity for some if you are agile and able to pivot fast. As a tip for startups in the future, take into consideration and play with various scenarios of your business as part of your strategy planning. Then it’s easier to react and scale your business, whatever happens”, Kuronen says.