MedTechLabs

What MedTechLabs does

MedTechLabs is a Swedish non-profit translational medical technology research center established in 2018 as a joint initiative between KTH Royal Institute of Technology, Karolinska Institutet (KI), and Region Stockholm. The center operates from the Bioclinicum research facility adjacent to Karolinska University Hospital in Solna, Sweden, with an explicit mission to bridge academic research and clinical practice — research programs are scoped to reach clinical trials within five years. Operating with a 2024 turnover of 18 MSEK and a small core staff supplemented by 20+ affiliated researchers and 8 Principal Investigators, the center focuses on needs-driven, clinically-anchored research with educational components for healthcare professionals.

MedTechLabs runs four interconnected research programs: (1) Spectral CT and Endovascular Techniques, developing silicon-based photon-counting CT detector technology for very small cancer tumor detection and steerable catheter systems for blood-vessel-based substance delivery; (2) AI and Bioelectronic Medicine, applying machine learning to breast cancer mammography diagnostics using the 2005–2019 Stockholm patient cohort and analyzing vagus nerve electrical signals for inflammatory disease detection; (3) Computational Models for Vascular Diseases, integrating clinical, geometric, and biomechanical data to predict aneurysm and carotid artery disease; and (4) a Fellowship program for early-career researchers. The center has generated multiple successful spin-offs, including Prismatic Sensors (acquired by GE Healthcare, 2020), Sectra Mamea AB (acquired by Philips, 2011), and C-RAD (Nasdaq-listed), with endovascular catheter IP currently being commercialized with AstraZeneca.

MedTechLabs' business model is grant-funded rather than product-commercial. Core revenue is 6 MSEK each from KTH, KI, and Region Stockholm, with supplementary competitive funding from Vinnova, Vetenskapsrådet, Horizon Europe, EUCAIM, and Swedish foundations. The center does not sell products or services directly; financial returns flow through spin-off equity, patent licensing, and downstream commercialization agreements with industry partners. Distribution of innovation occurs via direct clinical integration at Karolinska University Hospital, OEM technology transfer (GE Healthcare photon-counting CT), and educational channels including seminars and hybrid training courses on the Collective Minds Radiology platform.

Name

MedTechLabs

Legal name

MedTechLabs

Website

https://medtechlabs.se

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

MedTechLabs is a Swedish non-profit translational medical technology research center jointly funded by KTH, Karolinska Institutet, and Region Stockholm, conducting photon-counting CT, endovascular catheter, bioelectronic medicine, and AI diagnostic research at Karolinska University Hospital in Solna.

Ownership category

akta.pro rank

Product category

Medical Technology Research Services

NAICS

Research and Development in the Physical, Engineering, and Life Sciences (54171), Scientific Research and Development Services (5417), Research and Development in Biotechnology (except Nanobiotechnology) (541714)

SIC

Services-Commercial Physical & Biological Research (8731), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Translational Medicine & Biomarkers (HLAIALAF)

akta.pro secondary industries

Biomedical Sciences & Medical Research Institutes (University-Based) (EDAHAGAI), Clinical Research & Trial Central Laboratories (HLAFAMAL)

Keywords

• Medical technology research
• Translational research
• Medical imaging innovation
• Clinical research center
• AI diagnostics research

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Government Funding: Base funding from Region Stockholm, Karolinska Institutet, and KTH Royal Institute of Technology. The center was established with annual budget of 18 million SEK.
2. Research Grants: Competitive research funding from Swedish and European sources including Vetenskapsrådet (Swedish Research Council), Vinnova, Horizon Europe, EU, and private foundations.
3. Technology Commercialization: Revenue from commercialization of research outcomes through spin-off companies (e.g., Sectra Mamea AB sold to Philips, Prismatic Sensors sold to GE Healthcare). Patent licensing and royalties.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

MedTechLabs is a translational medical technology research center conducting needs-driven, clinically-based research bridging academic research with clinical practice. It runs research programs in spectral CT imaging (including photon-counting CT technology), endovascular catheter techniques, AI-based breast cancer diagnostics, and bioelectronic medicine for inflammatory diseases. The center is funded by KTH Royal Institute of Technology, Karolinska Institutet, and Region Stockholm, with the goal of reaching clinical trials within five years.

Product overview

MedTechLabs is a cross-disciplinary medical technology research center (not a traditional product company) that conducts advanced research in medical technology with clinical applications. The center operates through multiple interconnected research programs focused on: Spectral CT and Endovascular Techniques (including photon-counting CT technology and catheter-based treatments); AI and Bioelectronic Medicine (including breast cancer imaging AI and vagus nerve stimulation); and educational programs including fellowship and training courses. Research activities are conducted at Bioclinicum in collaboration with KTH, Karolinska Institutet, and Region Stockholm, with the goal of advancing medical diagnostics and treatment within five years.

Differentiator

Problem solved

Functional benefit

Products and services

• Spectral CT and Endovascular Techniques Research Program

Quantifiable outcome

• Photon-counting CT technology adopted by GE Healthcare for global deployment
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Six partnerships are on record, tiered major, minor and core.

• Collective Minds RadiologymajorStrategic or Co-development Partner · 1 January 2023Three-year agreement for cloud platform to deliver acute stroke education courses. Platform can be used for other MedTechLabs projects to share and interact around radiological images securely. Founded at KI Innovation.
• CapitainerminorStrategic or Co-development Partner · 1 January 2022Spin-off from KTH and Karolinska Institutet that developed quality-assured dry blood sample technology. Won 'Guldpillret' award for innovation quality.
• EUCAIM (European CAncer IMaging)majorStrategic or Co-development Partner · 1 January 2022European infrastructure project for medical cancer images. Fredrik Strand's research group participates as one of the contributors with 3 million SEK EU funding. Part of broader European data sharing initiative.
• GE HealthcarecoreTechnology or Integration · 1 January 2020GE Healthcare acquired Prismatic Sensors (KTH spin-off) for photon-counting CT technology. GE Healthcare CEO visited MedTechLabs. Collaboration on 1Micron EU project for virtual clinical trials of photon-counting CT. GE Healthcare provides technology deployment and commercialization infrastructure.
• AstraZenecacoreStrategic or Co-development Partner · 1 January 2020Technology for delivering substances and cells to organs through blood vessel walls undergoing commercialization in cooperation with AstraZeneca. This represents MedTechLabs' most significant industry partnership for translating research into clinical applications.
• RIKEN-KI-SciLifeLabmajorStrategic or Co-development Partner · 1 January 2020Joint symposia series alternating between Yokohama, Japan and Stockholm. MedTechLabs financed participation of six researchers. White Paper produced on biomedical AI opportunities.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SciLifeLab: Swedish national life science research center jointly operated by KTH, Karolinska Institutet, Stockholm University, and Uppsala University. SciLifeLab is the most direct structural peer: similar Swedish public-academic translational research model, similar focus on life science technologies, and shares MedTechLabs' institutional co-founders.
• European Molecular Biology Laboratory (EMBL): Intergovernmental research organization for life sciences with multiple sites across Europe. EMBL operates a comparable model of publicly-funded, multi-site translational life science research with strong academic-industry-clinical integration - a structural peer in mission and scale.
• Francis Crick Institute: Large UK biomedical discovery and translational research institute. Operates a similar model of cross-disciplinary medical research with strong clinical integration, multi-program structure, and ambition to translate laboratory science into clinical impact - directly comparable in mission and operational structure to MedTechLabs.
• Allen Institute: Non-profit medical and scientific research organization (US) running large-scale, multi-program research initiatives with translational ambitions. Comparable in mission as a publicly-funded research organization pursuing high-impact medical research through dedicated programs.
• Singapore-MIT Alliance for Research and Technology (SMART): Major cross-disciplinary research enterprise pairing MIT with Singapore institutions to drive translational research in areas including medical technology and bioelectronics. Comparable in operating model (university consortium research center with cross-disciplinary translational programs) and mission scope.
• Institut Pasteur: Non-profit translational biomedical research center in Paris with a long history of combining basic research, clinical translation, and public-health impact. Comparable as a non-profit, multi-program translational research institution focused on major disease areas.
• Karolinska Institutet (Research Operations): One of MedTechLabs' founding partners and a world-leading medical university with extensive medical research and translational programs. Functions as a peer in translational medical research scope, although it is also a partner institution.

Others

• AstraZeneca: Global pharmaceutical company that partners with MedTechLabs on endovascular catheter technology commercialization. Relevant as a key commercialization partner rather than a direct competitor; provides the pharma channel for translating MedTechLabs' catheter-based delivery technology into clinical use.

Broad incumbents

• Siemens Healthineers: Global medical technology leader with extensive R&D in medical imaging (including photon-counting CT), AI diagnostics, and digital health. Operates in the same medical imaging and diagnostics spaces MedTechLabs researches, but as a broad incumbent rather than a focused research center.
• GE Healthcare: Global medical imaging and diagnostics incumbent that acquired MedTechLabs spin-off Prismatic Sensors and deploys photon-counting CT globally. Comparable as a broad incumbent operating across medical imaging, with overlapping capabilities in CT and AI imaging but at vastly larger commercial scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCliDGc-VBrSRVbCpXT365jQ/playlists
• LinkedInlinkedin.com/company/medtechlabsstockholm

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MedTechLabs