While at SmiLe, Immunovia gained access to a broad life science expertise, valuable infrastructure with laboratories and closeness to Lund University. Today, Immunovia has a market cap of close to 300 million EUR. They develop tools for diagnosing complex diseases and biomarker signatures specific to each disease are identified by blood tests. The first test is for early stage pancreatic cancer.
SmiLe’s internationalization experience and commercial community is crucial for a startup.
Carl Borrebaeck, PhD
Founder of Immunovia
Speximo is one of the spin-outs from Lund University. While the experts optimized the characteristics of the substance and the technology in the labs at SmiLe, the CEO developed the company being challenged and supported by Smile´s coaches and experts. Speximo business – next generation stabilization and encapsulation technology – then had such a value that a global market leader aquired the company.
At Smile I got tools and support needed to succeed and in the end make an exit.
Malin Sjöö, PhD
CEO of Speximo
Acrivon is focused on developing oncology drugs and came to SmiLe with a scientifically mature technology for identifying patients that benefit from a specific treatment. SmiLe has supported Acrivon with training, exposure and expertise to successfully build the infrastructure and discovery efforts.
SmiLe has been instrumental for the growth of Acrivon.
Kristina Masson, PhD
Founder of Acrivon
GPX Medical, a spinoff of Gasporox AB, develops medical devices for continuous monitoring of the lungs of preterm born infants. The company joined SmiLe to gain insights in the Life Science industry and draw on the expertise of SmiLes business coaches, especially in preparing for capitalization. After an impressively fast development GPX Medical was listed on Nasdaq First North in 2020 – making it SmiLe’s 16th IPO.
SmiLe opened the doors to the life science industry and their networks and their coaches were instrumental on our journey to the stock market.
CEO, GPX Medical
Despite the geographical distance, SmiLe was the obvious choice when Preactly needed support in developing their digital health management tool for improving workplace well-being. Through digital coaching sessions the company was able to leverage SmiLes healthtech expertise to verify their business idea and further develop the product, allowing them to raise capital, attract more paying customers and grow the company.
We wanted to be part of SmiLe’s renowned life science community. The team was very accommodating, and the digital coaching was a very positive experience.
Founder and CEO, Preactly
Neki joined SmiLe after having tested the business idea of wearable GPS devices for elderly people with dementia in SmiLes’ Bootcamp program. With the support of SmiLes’ experienced coaches the business concept was developed into a complete platform of products and services to support dementia patients and their families. Recently Neki acquired POOW, another SmiLe company, developing an e-health application for children with eating problems.
SmiLe’s life science expertise combined with a hands-on approach to developing your business and taking products to market has been crucial.
Founder of Neki
Thyrolytics has developed a unique method for diagnosing thyroid-related diseases more precisely than current methods. Although a seasoned entrepreneur, Mohamad Takwa, the founder of Thyrolytics, joined SmiLe for support in areas outside his own expertise.
The SmiLe community is a perfect environment for developing startups. The coaches are great, and their network of sponsors have also helped us in many areas.
Mohamad Takwa, PhD
Founder and CEO of Thyrolytics
Viraspec was founded as a response to the urgent need for efficient Covid-19 tests. Leveraging on SmiLe’s life science expertise and unique access to fully equipped laboratories, Viraspecs team of international researchers developed a rapid and sensitive technique for detecting coronavirus in saliva. Merely 6 months after the company was founded, and before the test was ready, the technology was acquired by Aegirbio. The first rapid test was launched in April 2021.
I have seen three startups through SmiLe so far, and their life science expertise and outstanding lab infrastructure have been instrumental to me.
Mohamad Takwa, PhD
Co-founder of Viraspec
Red Glead Discovery
As a SmiLe community member, Red Glead Discovery, an expert in designing and executing drug discovery, has gone from a small team of experts to an organization with 47 employees, a turnover of 46 MSEK for 2020 and a global customer base. Access to well-equipped labs, educational initiatives as well as cooperation with other SmiLe life science companies have been instrumental in the company development.
Being part of the SmiLe community was critical for the company startup phase and hence contributed to the subsequent success of Red Glead.
CEO of Red Glead Discovery
Cellevate is a biotech company that develops next generation cell culture systems for more realistic in-vitro models. Founded by a group of students and professors from LTH and LU, the company came to SmiLe to be part of the life science community. Lab infrastructure and support from SmiLe’s experienced business coaches has been instrumental for the company’s development and today Cellevate’s products are attracting some of the world’s largest pharma companies.
Being a SmiLe member was very important in the startup phase and cooperation with other companies in the community has also brought new business opportunities for us.
Co-founder and CEO of Cellevate
For SARomics Biostructures, a CRO providing structural biology services, SmiLe’s lab infrastructure provided the possibility to expand lab facilities to meet a growing need. With some initial support from SmiLe in raising venture capital the company has been able to grow and develop a professional organization attracting big pharma customers. Acquiring a new drug-discovery technology together with Red Glead Discovery, another SmiLe company, has also opened new business opportunities.
Being able to expand the lab gradually to meet our growing needs has been a gamechanger.
CEO of SARomics Biostructures
Redoxis is a CRO providing preclinical models for autoimmune and inflammatory diseases. Starting out as a small research company from Lund University, Redoxis initially needed access to laboratory infrastructure. Developing into today’s service organization, the company has benefited from SmiLes’ community of experts and peers where synergies and successful co-operations with other SmiLe community companies has led to new business opportunities and significant growth.
Being part of a large community and having access to expertise outside your own competence area is crucial for a small startup.
CEO of Redoxis
SAGA Diagnostics, a company focusing on liquid biopsy cancer testing, joined SmiLe to be part of a startup community. While in the incubator, support in a number of areas – from practical things to business development, IP and regulatory issues – helped the company grow and raise venture capital. Since then the company has released the first CE‑IVD marked product and started the next funding round.
The SmiLe team was really supportive. Whenever we needed help with something, they were always there for us.
CEO of SAGA Diagnostics