Health Factory Initiative
Topic of the practice
Health Factory maintains tight focus on health technologies and service development. It has focus on well-being, sensoring, communication, security, health supervision and prevention. It narrows down practical applicability threshold of new technologies and services.
Good Practice Information
Health Factory, the newest factory in Aalto University, was established in the beginning of year 2013. There is a demand for companies in the field of health and well-being in societies around the world, and Finland has the expertise and knowledge required for this. Health Factory is a process that channels expertise to where it is needed. Health Factory creates industrial breakthrough in the technology based healthcare services and solutions industry. HF developed a platform for research, education, innovation and start-up activity. The platform serves as an anchor for healthcare technology ecosystem by providing systematic co-ordination activities, events and facilitation, providing access to living lab environments in hospitals and other healthcare facilities in the capital region in Finland. Moreover, Health Factory provides systematic pipeline for start-ups identifying practical business logic for solutions, making complex concept easy and concrete, understanding and creating new value networks, helping companies with their body of operation and testing practical concepts expecting time to market maximum of two years.
Evidence of success
Here follows some HF success stories: Elsi Safety Floor, an underfloor motion tracking system developed to detect fall cases in care homes. A start-up founded in 2005, it has become one of most effective safety systems with over 1000 rooms covered in Finland; Beddit Sleep –a system for vitals monitoring in hospital beds. Thanks to HF, the solution turned also into a successfull wellness service. One of the aims of Health Factory is to create new business activity. A successful solution can be used as a foundation for a new business or may be incorporated as part of an existing company.
Contact details to obtain further information on the practice
Professor Raimo Sepponen or Director of Health Factory Markus Mäkelä