Seventeen Finnish SMEs participated in the Health Tech and Med Tech AI accelerator. All had the goal to expand their AI expertise and to develop internal business processes or innovate new products and services. During the accelerator the participants learned the basics of AI and applied the learnings using planning tools to develop their AI development project. Several of the companies proceeded to the AI Design Sprint phase to plan and implement an MVP (minimum viable product) through a pilot.
The artificial intelligence accelerator focused on health and medical technologies, and on well-being, health and social services organisations. For many, health and well-being technologies were at the core of the artificial intelligence solutions.
Health tech aims to optimise personal well-being and offers preventive services that do not fall under controlled health and medical care professions. Patient information systems used in healthcare organizations form an exception. The goal of the health tech industry is to innovate, produce and supply business and consumer customers with products and services that prevent diseases and improve the quality of life.
Health tech includes, for example, software applications, analyses of health-related data and a wealth of devices for monitoring of health and wellbeing. Massive amounts of data can be collected from the devices and software used by consumers. This data can then be analysed further for diagnostic purposes and form a basis for new innovations.
Med tech refers to medical device technologies and software used for diagnostics, treatments and therapeutics, as well as prescription medications. Medical technologies are used in hospitals and patient care.
Web portal www.aistories.fi was created as a part AI-TIE – AI Technology Innovation Ecosystems for Competitiveness of SMEs (2021-2023) and AI-TIE South Finland (2022-2023) projects, which were supported by the European Regional Development Fund (REACT-EU) and Regional Councils of Helsinki-Uusimaa and Kymenlaakso.