2018-02-21 13:50Blog post

Announcing the Fast Track Malmö ‘18 startups, and insights from the 450+ applications

We recently announced the six companies that are taking place in the 2018 spring batch of the Minc accelerator Fast Track Malmö. With more than 450 startups applying from 71 different countries, Fast Track Malmö continues to hold its ground as one of the most popular accelerator programs in the Nordics. The startups that are joining us at Minc this spring come from Sweden, Germany, France, and the US. 66% have at least one female co-founder, and half the batch is health-tech by random chance.

Here’s some stuff we learnt in the process of choosing the six startups:

  • The AI hype has gone beyond mainstream
    AI has become a standard mention in most pitch decks - even when the product or service isn’t, and perhaps shouldn’t be, AI-based. It goes to show that the AI hype has successfully penetrated the minds of the masses - with the risk of attention being taken away from other crucial aspects of building a company. Like Wave Ventures said when visiting Fast Track last week - “if you’re solving a problem no one cares about, adding AI doesn’t help”.

  • There’s a steady increase in blockchain-based startups applying - but most of them are pre-product
    There wasn’t a single blockchain startup among the 270+ applications when we launched Fast Track Malmö back in 2016. That’s since changed - every year we see a steady increase in how many blockchain-based startups apply. The vast majority, however, are pre-product and not yet ready to launch. Inevitably, we will see a massive shift here in the coming years. If the AI hype has gone mainstream, we’ve only just seen the beginning of the blockchain hype.

  • Disruption stops at nothing
    We’re all sick of hearing buzzwords like disruption and revolutionising industries, but there’s no way around it - we’re seeing ever more industries being disrupted from the bottom up. We’ve seen applications from startups using SaaS and big data to upend everything from shipping to male fertility. Some of these startups have the potential to rewrite how we think about infrastructure, healthcare and transport - pretty fundamental stuff.

In other words - exciting times ahead. We’ve listed the startups that are joining Fast Track Malmö below. If you want to hear more about Fast Track Malmö, or if you’re keen on applying for next year’s batch, visit fastrackmalmo.com.

The startups that are joining this year's programme:

Boost Thyroid
Boost Thyroid is an AI-based self-help solution for people that live with Hashimoto’s, an autoimmune thyroid disorder. The solution helps users avoid health complications and age well using machine learning to provide personalised predictions. The co-founders have previously helped to build some of Europe’s most promising startups, including Clue and Wrapp, and have research background from academic institutions such as Karolinska Institute and The Royal Institute of Technology.

Nanovare develops intelligent and data-driven solutions to analyse male fertility rates. The solution is faster and more accurate than industry standards and also analyses the collected data to provide new insights into the causes of male fertility and its downward trend.‍

Aiten combines online healthcare and medical measurements to improve the lives of people with chronic diseases. The service helps people with chronic diseases help themselves, by keeping the patients and their doctors up to date by using collected data and applying algorithms.

Starke Cycles
Starke Cycles is a new, bicycle-based solution for last-mile-delivery. The solution is based on a quick roll on, roll off-system. It’s environmentally friendly and takes up to two EU pallets and 300 kilos weight. A patent for the solution is currently pending.

Bookboost is a proactive guest messaging tool that helps hotels to boost guest engagement throughout all phases of the guest journey, from pre-booking to after-stay. Bookboost’s platform bundles different messaging channels, such as Facebook Messenger, WhatsApp, Line, Viber, and more into one single platform. The main benefits are more direct bookings on the hotel website, and more direct relations via increased loyalty and an unforgettable experience for the hotel guest. The service has already been rolled out at several different hotels in Europe.

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Heidi Lindvall,
Program manager
Fast Track Malmö

About Minc

Minc, the startup house of Malmö, help early-stage companies grow to a point where they’re ready to take on the world. Minc hosts Minc Incubator, the award-winning accelerator Fast Track Malmö, a co-working space and a pre-incubator called Startup Labs, where anyone with a scalable business idea can work for free for up to six months. Minc also has a Lounge that’s open for anyone to work and network. Since its inception in 2002, Minc has helped to nurture more than 180 startups, including international success stories such as Orbital Systems, Hövding, and Polar Rose.