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Regional development collaboration 2015-2018: Sustainable incubation contributes to the acceleration of life science ideas

The HIBA-Project is about building sustainable science startups. It is a multi-stakeholder collaboration started in july 2015 and will be concluded on the 31st of october 2018. The main aim is to establish a robust and sustainable incubation process that will make Life science based companies grow beyond the startup phase - and create benefit for people and society.

Umeå Biotech Incubator is dedicated to the enhancement of life science through development of regional expertise, competences and commercial enterprises. We therefore work with initiatives that can strengthen Västerbotten as a Life science node and contribute to Sweden's growing image as a nation leading innovation and health development worldwide.

Whey did we initiate the HIBA-Project?

By analysing the trends and development in Swedish life science we could draw a number of conclusions.

  • Too few life science startups grow at a rate that match their inherent potential
  • Potential innovators within academia and the clinical setting have poor understanding of what could become a business idea
  • the relative lack of industrial competence and experience in the region is another contributing factor.

As a result, the companies experienced issues with funding of their business activities and build sustainable companies that could grow beyond the startup phase.

We have the know-how and the tools - HIBA puts them together

The projects goal of HIBA is to make better use of the potential within the medical, biological, and biochemical research, to build growing companies with an increasing workforce demand and contribute to stutainable entreprenourship in northern Sweden.

Therefore we've analysed and scrutinized the current support and services offered to startups - form early stage to later stages. The project result are expected to yeild a more robust process for life science incubation that will benefit the region in both direct and indirect ways.

This regional fund project started in July 1, 2015, is currently running and will be concluded on the 31st of October in 2018. An appointed review researcher and controller is studying the project continously and monitors and analyses the outcomes. Evaluation results and follow-up on project goals will be documented in an official report in order to spread the accumulated knowledge and enable long-term learning from the outcomes.

If you would like more details on the HIBA-project please contact our CEO Jennie Ekbeck.

Email: jennie.ekbeck@ubi.se
Phone: +46(0)90-15 49 77

Umeå Biotech Incubator (UBI)
Box 7995, SE-907 36 Umeå, Sweden
Phone: +46(0)90- 15 49 70
Mail: info@ubi.se