Mendor Blog

  • How could public sector better support local innovations?

     

    I have been thinking about the Finnish public tender system and come to a conclusion that the system, as it is setup right now, does pretty much nothing to help out local start-ups in Finland. Unfortunately.

    When it comes to for example healthcare products, the public sector is often the biggest buyer.
    Supplies such as glucose meters for people with diabetes are being reimbursed, purchased and distributed by the public sector every year for some 40 million €.
    Private sector (mainly private pharmacies and some online retailers) also acts as a channel but it is a relatively small one as most of the volumes (over 90%) go through the public sector.
     
    If a start-up, with a product that is being purchased through the public tender system (e.g. Mendor), is trying to get home market acceptance & reference before going abroad (references are crucially important for any new businesses), then there are probably some serious challenges ahead.

    In my experience, though it seems weird, the public sector buyers seems to have a relatively ignorant attitude towards new local products & services. Often even so that answering calls or emails seems to be impossible...

    I'm happy if someone else has different kinds of experiences but this is the reality that I've faced with Mendor.
    Our Mendor Discreet™ glucose meter, a Finnish design & usability innovation with numerous national & international awards (Innosuomi, Red Herring, Tie50 etc.), has been available for two years in Finland but almost only through a private sector pharmacy chain (Yliopiston Apteekki). Couple of cities (city of Vaasa & smaller cities in that area) have been positive exceptions but otherwise the public sector has totally ignored our existence and the fact that we employ local people who pay taxes in Finland.

    Mendor Discreet has gotten some great feedback and seems to serve a segment of people with diabetes well. Nevertheless, the public sector has not been able to find ways to make our product available for these people in local cities & municipalities.

    I've heard comments such that the tender legislation and procedures are slow and difficult to change etc… but in this situation we are now facing as a nation (Finland's export has been pretty much in decline since 2008 - export counts for some 39% of our whole GDP), I think we should seriously consider doing something about it.
    Many local start-ups would hugely benefit from having the public sector as a first major buyer and reference for getting further deals abroad.
    It is a fact that when you go out there, potential customers tend to ask how you are doing in your home market…

    Well, luckily Mendor has managed to find some good answers despite of our poor home market situation and is now getting more than 99% of revenues from abroad. Mendor invoiced more than 1MEUR in Q1 / 2013.

    The Swedes (in addition to some other European countries) have been more proactive and innovative than our public sector in Finland.
    As an example, Mendor ended up winning a public tender in Västra Götaland (Gotherburg region) in Sweden in 2012.
    There the Mendor Discreet meter was selected as the primary integrated glucose meter product to be provided for the local people with diabetes.
    The Swedes wanted to try out something new and cool from their beloved neighbors. Good for us.
    People with diabetes in that region had been very curious to get to try out new and innovative glucose meters that would help in their daily management of diabetes. The Gothenburg region tender committee decided to arrange a hearing and invited Mendor folks to present our product. They were satisfied in what they saw and after some time Mendor won a deal through their tender. We've heard great feedback ever since from the local people with diabetes.

    But seriously, is this the only way? Why always Sweden first?
    Could we not start being a bit more proactive in Finland, in helping each other out and supporting our local innovations?
    After all, Finland needs new export engines and these new export engines need home market references!

     

    Kristian Ranta


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  • Mendor - Finland's favorite start-up?

    Mendor is a nominee for the best start-up in Finland.

    If you agree, please check out this page, also with a video.

    Like here if you like  ;)

    http://tosielamandiili.fi/startup.shtml/1632061/mendor

    Thanks a lot!

     

    Best regards. Kristian

     

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  • News from the UK, and other stuff

    Hi everyone,

    things are progressing in the UK. There is a Mendor Discreet campaign now live through our partner Merck Seono. Please check it out here.

    Mendor Discreet and Balance were also featured on the UK National TV on Tuesday morning by Dr Chris Steele.

     

    I'm currently traveling (no surprise), and this time sitting in a lounge at Copenhagen airport in Denmark. Not a bad place to spend couple of hours before my plane leaves. If you are interested, there is a video available which was made for the Finnish Foreign Ministry sponsored USA trade promotion trip earlier this year. It can be found here, and below:

     

    Wish you all a great summer! :)

     

    Mendor, Finnish Foreign Ministry Delegation Message from ONEMINSTORY VIDEOS on Vimeo.

     

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  • Busy times after launching in the UK

    Hi everyone.

    it's been a while since I last update my blog. I've been pretty much maxed out with UK launch related activities as well as building the Mendor organization to meet the ever growing needs, etc etc. We have increased headcount by approx 50% in the past 12 months. Our CFO is killing me for hiring so many new people! But anyway, positive challenges to have!  :)

    So the biggest thing in the past months, has been our launch in the UK market with our excellent partner Merck Serono! We have been very happy and satisfied to be working with these guys as they are true professionals and know diabetes. 
    Please feel free to check out our UK support page.

    The official UK market launch took place at the local annual event, Diabetes UK which was held this year in Glasgow. We had a great response from the professionals and also from the competing industry.

    Some photos from the event can be found from Mendor Facebook page.

    Like in every good growth company / start-up our guys & girls have been working a lot of late nights lately.
    We even have a few distinguished "night shift heroes" in the house! Some people apparently needs less sleep than others  ;)

    We have also been active in Finland and Sweden.
    In Finland our Discreet meter is now available in cities of Vaasa, Kristiinankaupunki, Närpiö, Kaskinen and Lohja.



    Then some further reading for those who are interested.
    One of our investors - Finnish Industry Investments did an interview of myself and Risto Siilasmaa some time ago.

    It's now available also in English here.

    And then finally, congratulations to Risto for his new role as the Chairman of Nokia!!  May the force be with you!  :)

    Best wishes to everyone!

    Kristian

    P.S. I'm also pretty actively on Twitter, and so is Mendor:

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  • From studies to entrepreneurship

    For some time ago I was speaking about the subject at Aalto University in Espoo, Finland.

    Check it out here (in Finnish):

    Opiskelijasta yrittäjäksi - Kristian Ranta from Culminatum on Vimeo.

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