Saxon Ministry of Social Affairs Cooperates With SpinLab – The HHL Accelerator

The Ministry of Social Affairs and Consumer Protection for Saxony will become a new partner of Spin-Lab, the start-up accelerator of HHL Leipzig Graduate School of Management in 2017. The ministry will finance a start-up group on the topic of eHealth and telemedicine. The goal is the facilitation of digitalization in the health care sector as well as the development of innovative approaches for eHealth and telemedicine. New methods in telecommunication can pinpoint additional components of medical care and therefore contribute to the improvement of medical quality in Saxony.

State minister Barbara Klepsch says, „Digitalization in the health care sector offers the chance to expand and facilitate medical assistance for doctors and patients. I hope to see new ideas and approaches for patients and doctors from the creative lab in SpinLab.“

Start-ups have always been a driving force for innovation. Especially in the eHealth sector and despite regulative limits, innovative approaches for the digitalization of processes and the support of medical treatments and aftercare can lead to significant improvements for patients again and again. As a partner of the Ministry of Social Affairs for Saxony, SpinLab will identify regional, national and international start-ups. As of May 2017, a minimum of three outstanding start-ups will be supervised by the fifth year of the mentoring program offered by SpinLab for six months in Leipzig and significantly accelerate their development. The plan is to also link those start-ups with existing regional structures.
Further information:

About SpinLab – The HHL Accelerator

SpinLab – The HHL Accelerator supports innovative founding projects with the implementation and growth of their ventures. In addition to intensive coaching, the founding teams will also benefit from a high-caliber mentoring program as well as numerous contacts to investors, established companies and other founders. They can use a co-working office with state-of-the art equipment on the premises of Spinnerei, an old cotton mill now serving as a center for creativity, and will gain access to various technologies offered by partners.
Even after completing the program, the startup teams are supported in their recruiting efforts, they can plan their expansion through an international exchange program and they get the opportunity to rent office space next to SpinLab. The founders will be able to use all offers free of charge when they are accepted for the six-month program.
The accelerator is funded through contributions from investors and established companies such as Deutsche Postbank, Porsche, CMS Hasche Sigle, Deutsche Bank, Doberman Ventures, DZ Bank, ergo Versicherungen, Grazia Equity, Heinz Dürr Invest, High-Tech Gründerfonds, KPMG, Madsack Mediengruppe, Mittelständische Beteiligungsgesellschaft Sachsen, Quarton International, the City of Leipzig taskforce – Management on Demand and Technologiegründerfonds Sachsen. Thanks to a collaboration with the City of Leipzig, each team receives EUR 6,000 in start-up funds.

About HHL Leipzig Graduate School of Management

With over 165 start-ups established by HHL alumni over the past 18 years, HHL Leipzig Graduate School of Management has developed into an incubator for company creation. The founders‘ entrepreneurial commitment has created more than 2,800 jobs already. . In 2013 and 2014, HHL reached one of three first places as the best entrepreneurial universities in Germany in the Start-Up Radar ranking published by Stifterverband für die Deutsche Wissenschaft (Founders‘ Association of German Science) and the German Federal Ministry for Economic Affairs and Energy (BWMi). According to the Financial Times, HHL ranks first in Germany and fifth globally for its entrepreneurship focus within the M.Sc. and EMBA programs.

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