From University To Unicorn 2021

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Research at startup speed:

How Syncsense Used Their University Thesis to Kickstart Their Company worked hard and produced some impressive results as students, which they were able to develop and turn into a company. They remain the owners of the results they collected during the thesis project, which included a report they could show to hospital management: proof that their VR solution could actually make a difference for in-patients. It was a promising business case.

A sensor developed by SyncSense, that transforms an analog workout machine into a way to move through a virtual world.

Syncsense is a startup whose VR solution is by now well established in Denmark—not least because the founders conducted a viability study as part of their Master’s thesis, which in turn caught the attention of the unique professional network at the university. With just a little pedalling on a stationary exercise bike, a bleak day at the hospital can become an exploration around Amalienborg Castle or along Møns Klint. Hospital patients who are otherwise unable to go out are able to experience the world, thanks to a VR headset and sensor technology from the startup Syncsense. “Exercise is more when you get to do it inside films or memory-evoking virtual environments like nature and cities. And because these environments only materialise when you exercise—for example on a stationary bike—it’s an excellent motivation to move. In this way, our technology supports the work of qualified healthcare professionals and can be part of patients’ existing rehabilitation, physical therapy and treatment programs,” says Simon Bruntse Andersen, CEO and co-founder of Syncsense. A solution that not only makes exercise more fun—especially for hospitalised elderly patients—but also improves their recovery times following a surgery, because they have a greater incentive to exercise, not to mention a reminder of the

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experiences that await them outside the hospital walls. Since the commercial launch of Syncsense’s product last autumn, the startup has made a name for itself in the Danish market, where their client list includes eight hospitals and eight municipalities. This was the plan ever since the founders began working on the idea as part of their studies at Copenhagen University years ago. How viable is it? It’s no coincidence that the startup chose to develop a solution specifically designed for elderly in-patients, as Steen Petersen, Syncsense’s other co-founder, has a background as a physiotherapist. This is where he first realised how difficult it was to keep the elderly active whilst they are in-patients at a hospital. The two founders began to work on the idea during their Master’s degree, with the intention that it could eventually end up as a business venture. “Beore we could start developing anything, we needed to conduct a preliminary study. A lot of startups skip this stage because it can be time consuming and expensive—both for the startups and those involved in the study. But luckily we were able to do ours when we were students, as part of our Master’s thesis project,” explains Bruntse Andersen. The two thesis (now business) partners

Research at startup speed After their thesis project, the two founders continued to develop their ideas at the life sciences incubator ‘SUND Hub’ at Copenhagen University. They also made good use of the network they established during their studies, including their thesis tutors, who are also chief physicians at a number of Danish hospitals—both in order to boost business, but also to continue researching how the product could support the health sector. “It can be difficult for startups to establish such a network, and especially difficult to get funding without these kinds of collaborations. We’re lucky that we have been able to draw up formal contracts with several researchers and hospitals and we can thank our connection to the university for that,” says Bruntse Andersen. This is how Syncsense managed to establish a solid research basis for its product on a startup budget. And, as the company matures, the tables start to turn: now any further research can benefit from being able to access Syncsense’s market reach, for example via their ‘living labs’ in nursing homes and hospitals. “It goes two ways. University researchers also want to be able to test things outside the lab, and to apply theories and ideas in real life. What we’re able to offer is application-oriented research and clinical trials, which can only really create value when a real patient is using the technology. We’ve now reached the point where we can investigate the results of the latest research in real life, and it makes a lot of sense for us that we can help the universities with this,” concludes Bruntse Andersen.

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Articles inside

Investors Are Flocking to Universities: “The Startups That Are Willing to Listen Are The Ones Who’ll Make It”

5min
pages 42-43

AI ideas are booming – but how do you protect them?

2min
page 40

From discovery to commercial success: What Does It Take to Turn Research into Business?

4min
pages 38-39

Amunet Studio: From study internship to startup

3min
page 37

QuasiOS Is a Startup on a Mission to Beat Microsoft, with a Newer, More Secure Operating System for Robots

3min
page 36

Cybersecurity Has a Promising Future, and Cyber Hub Wants Denmark to Get a Piece of the Pie

3min
page 35

What Is The Danish Word for Silicon Valley?

4min
page 34

Serial Entrepreneur Commercialisation Should Be a Success Criterion for Research

3min
pages 32-33

ICDK: Turning Danish Ideas Into Global Solutions

6min
pages 30-31

Denmark Struggles to Retain International Graduates: “Fancy Phrases like ‘International Outlook’ Aren’t Going to Cut It”

4min
pages 28-29

Turn up the volume of your career

1min
pages 26-27

Aalborg University-Startup Wants To Revolutionize the Way We Treat Chronic Pain

3min
pages 24-25

Calling All Researchers: You Don’t Have to Stop Seeing Your Kids to Become an Entrepreneur

3min
pages 22-23

Excuse Me, But What’s The Purpose?

4min
pages 20-21

Students at Stibo Accelerator Are Encouraged to Ask: What If?

4min
pages 18-19

Entrepreneurial Hubs Are Increasingly Becoming Part of Danish Universities

3min
page 17

Entrepreneurship On The Syllabus

6min
pages 14-16

Expert Panel: How Do We Spawn More Succesful Startups From Universities?

5min
pages 12-13

Research at startup speed: How Syncsense Used Their University Thesis to Kickstart Their Company

3min
page 11

Alvenir: Research And Open Source Can Be Combined With a Commercial Startup

4min
page 10

"There Is Often a Disconnect Between Research and Business, but Why Not Do Both?”

10min
pages 6-9

Entrepreneurs Invited Into The Universities

2min
page 5

About: From University to Unicorn

1min
page 3
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