Kilo Health Co-Found Initiative is Gaining Traction
Have you heard about our Co-found initiative? It’s designed to enable mature entrepreneurs to build health tech start-ups fast using the advantages of the Kilo Health marketing and technology platform.
We have an abundance of ideas, and we’ve started the Co-found initiative aimed at attracting entrepreneurial talents. We are looking for people to take the helm of our in-house start-ups and develop ideas into products.
Since many of the best talents already have well-paying jobs, mortgages and families it is difficult for them to give up these comfortable positions and dive into the financial uncertainty of starting their own businesses. Therefore, we offer a salary equal to the one a talented person receives now and significant share options in a particular business start-up she or he will run.
This way a talented person has an opportunity to make increased revenue when successful, while the personal risks are much lower compared to building a start-up and fundraising on your own.
It started with a hackathon
Co-Found idea started around the time Tyler Health was born; a start-up that is developing a continuous glucose monitoring (CGM) solution that consists of a sensor and an app that records blood glucose levels and the body’s reactions to food and physical activity in real-time.
Ignas Survila, Tyler’s CEO and co-founder says that the Co-found idea was formally launched soon after the Tyler project took off. The idea however remains the same: to create a prospective HealthTech company together with bright innovators.
In his opinion, this co-found program is one of the most interesting phenomena in our region. This can attract top-notch talents who can take ownership of the projects.
Ignas believes Kilo Health was like an early-stage investor or accelerator. The company helped develop Tyler’s strategy and provided the knowledge and resources needed, including human resources.
The next step for Tyler is beta-testing of its sensors and app. Next year’s priority is expansion. Start-up plans to close the seed round and to start attracting additional capital. As for Co-found, there are already quite a few more success stories.