VILNIUS, Lithuania, Sept. 2, 2021 /PRNewswire/ — The Baltic countries Lithuania, Latvia, and Estonia have pioneered digitalization across a range of sectors, resulting in global success for companies that were created or grew in the region, including fintech unicorns Revolut and TransferWise.
Life science is now poised to build on this success – with 70-90% of products manufactured by Baltic healthtech and biotech companies currently exported, and a vibrant startup ecosystem already established across all three countries, the region is set to become a major player in Europe. Lithuania alone achieved 22% growth, the fastest annual growth rate in the EU.
Each of the countries has its strength:
– In Estonia, it is the genetics & heredity subsector, which accounts for 34 per cent of all production in the industry
– Latvians are known for state-of-the-art pharmaceutical research, which has allowed them to take part in the COVID vaccine production chain and export 83 per cent of the subsector’s production
– Lithuania exports over 90% of optical, medical and dental instruments, irradiation equipment and basic chemicals produced in the country,
«These figures serve as a solid proof that the Baltic countries have managed to turn their young democracies into places where intelligence, courage and innovation are celebrated and rewarded,» says Daina Kleponė, Head of Enterprise Lithuania.
With this in mind, Enterprise Lithuania is always on the lookout for the region’s most innovative startups. This year, the organisation has identified ten promising startups, drawing attention to medtech solutions that dominate the startup landscape.
– Aichom, Lithuania
An app for people with dementia and their caregivers, enabling location tracking, safe zones, and dementia-comprehensible reminders.
– Longenesis, Latvia
Data curation and compliant utilisation for biomedical institutions within an end-to-end environment.
– Synbase, Estonia
Clinical Decision Support System to improve decision making for clinicians, providers, governments.
– Oxipit, Lithuania
AI radiology solutions, including a platform that produces preliminary reports for healthy patients.
– Vigo Health, Latvia
A digital rehabilitation system for stroke victims.
– Haut.Ai Estonia
An AI-powered platform for advanced skin analysis in the skincare and pharma industries.
– Droplet Genomics, Lithuania
High-throughput analysis and selection tools for using droplet micro fluids in research.
– Ferterex, Latvia
PBMT technology-powered at-home treatment device that increases sperm quality and testosterone levels.
– Respiray, Estonia
Wearable UV-technology air purifier for protection against viruses.
– CasZyme, Lithuania
New tools to support CRISPR-Cas gene editing technology research.
Kleponė is also one of the people behind Life Sciences Baltics which will showcase the start-ups listed and many others. This online conference held 20-24 September gathers the region’s leaders and emerging stars and provides a unique opportunity for international delegates to meet, exchange ideas and explore potential partnerships
Life Sciences Baltics will be held in digital format on 20-24 September, 2021.
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SOURCE Enterprise Lithuania