Health technology start-up Kilo Health is serious about further growth - the company is looking for twelve managers - co-founders for new start-ups who would like to develop together and turn Kilo Health into success stories or their business ideas in the field of health. This is already the second in 2021. Co-found phase of Kilo Health's business accelerator program. Having received more than 1000 applications the first time, the company expects no less interest this year as well.
"In our activities, we have been looking for new ways to help people live healthier for 10 years. We built Co-found to offer what people need even faster. We aim to attract talented and ambitious entrepreneurs who want to quickly create and develop health technology startups using Kilo Health's human, technological and financial resources," says Kilo Health HR Manager Ilona Bernotaitė.
After becoming managers - co-founders of Kilo Health startups, entrepreneurs will have the opportunity to choose whether to cooperate in the development of one of the products invented by the company, or to propose and develop a completely new idea. In both cases, according to I. Bernotaitė, the manager will be responsible for the entire process: from assembling a team, preparing a business strategy to creating a product and presenting it to the market.
The results of the first phase of the Co-found program are already visible today, with the success of several new startups such as Pulsetto (a vagus nerve stimulator), Greatness (a healthy lifestyle habit management program), BoomeranGO! app for kids), Joggo (personalized running app) and others.
According to Mantas Kondratavičius, the manager and co-founder of BoomeranGO!, such a quick and successful result could not have been achieved without the Co-found program of Kilo Health, as it provided the freedom to make mistakes and try again.
"I remember various projects, from the implementation of a supplement line or an international supply chain to the development of various health technology products. Some of them were successful and some had to be closed. Once, despite working with a very strong team and a clear digital product vision, after a year of searching, we still couldn't solve the product-market puzzle, which led to a shutdown and a major change in direction. If I had done this alone, I would not have been able to try again so quickly, and with the support of Kilo Health, we were able to continue our work and search for a successful product. That's when we came up with the idea of creating an app for children that would make them feel like a game, but at the same time help them develop healthier habits. Of course, previous lessons and mistakes contributed to the success," says M. Kondratavičius.
Kilo Health 2022 graduated with earnings of 213 million euros and almost doubled the income compared to 2021. Profit indicators also increased by more than 50 percent during the year. and reached 10 million euros. This year's plans include no less growth, to which twelve new startups are expected to contribute.
