Company: Simsen Diagnostics
Location: Sahlgrenska Science Park, Gothenburg
Time Period: 8 weeks from June to August
Hi Folks! We are Olivia Westberg and Jacob Nissén Karlsson. We want to share some insights with you from our summer at Simsen Diagnostics. Simsen Dia.. is an early Medtech start-up that offers analysis of complex DNA sources, which enables cancer detection from a simple blood sample. The company will help to improve the healthcare system, and the diagnostics of cancer treatment for patients. For both of us, it meant a lot having the opportunity to work with a technology that is helping people.
The business idea is based on a comprehensive research that the board has conducted and developed. The company was founded in 2020. Since the company is in its early stage, we got to dig into a lot of responsibility and exciting work tasks. None of us had a background within the biotechnology field, which made this a rewarding challenge. However, working with both advanced and, for us, unknown industry gave us an even more thrilling learning experience.
Our main task this summer was to create an investment memorandum for the company’s first investment round. The task included redefining and developing the company’s value proposition, as well as strategic plans to utilize the intellectual assets to their full potential. In addition, we conducted a market analysis and made changes to the brand’s management by designing a new webpage.
Having reflected on our contributions at Simsen Diagnostics, we are delighted that we are enrolled in the School of Entrepreneurship and Business Design, which has taught us fundamental knowledge about entrepreneurship that gave great leverage the past summer. We also want to highlight how the experiences and insights from the CIP courses have been critical for understanding Simsen Diagnostics’ intellectual assets, and furthermore to utilise and protect them in the best way.
To summarize our summer internship at Simsen Diagnostics, we are very happy to be a part of a company that has a real impact on the health care sector. The internship allowed us to apply our skills in a hands-on case that challenged us in several different ways.
If you want to get more insights and advice from us in the future, don’t hesitate to reach out to us.
Olivia Westberg and Jacob Nissén Karlsson