2.1 Project background and objectives
The Nordic Health Tech sector has experienced significant attention in recent times and has become one of the most important industries for the Nordic Venture Ecosystem, in terms of venture capital investments and in terms of strategic importance for each Nordic country. As an intersection of technological advancement and healthcare needs, in an era of aging populations and increasing chronicle diseases, it offers a plethora of opportunities for innovation, growth, and investment that many different types of investors can benefit from.
In spite of this, the general perception for many founders and stakeholders in the Nordic Health Tech industry is that there is an overall lack of available capital for health tech and med tech companies and that there is a lack of enough specialised investors investing in Nordic Health Tech. The aim of this report is to address and analyse some of these assumptions by understanding investors perspectives of the Nordic Health Tech sector and of the investment opportunities emerging from it. This report tries to understand who are the main investors investing in Nordic Health Tech, what are their main investment patterns and what are the main investment risks they perceive from investing in the sector. Furthermore, the report tries to identify what are the main strengths and challenges of the Nordic Health Tech Sector, what are the main barriers preventing more investments into Nordic Health Tech companies and what can be done to attract more investments in the space.
This report offers valuable insights to government officials, investors, and health tech founders to take action and to contribute in the development of a stronger Nordic Health Tech ecosystem. This report also aims to attract new stakeholders into the space, such as new investors and entrepreneurs, to inspire the Nordic ecosystem to develop and provide better support schemes to investors and startups operating in the field, and to reinforce the public and corporate engagement and contribution to Nordic health tech. This report also hopes that more research and explorations can be done to better understand some of the findings of this report and how to better support the development of a common Nordic venture capital market and the closing of the funding gap for all companies in the region.