Skip to main content
invest in estonia


Estonian HealthTech Better Medicine secures €2,5M grant

Estonian HealthTech Better Medicine has received a €2,5M EU grant to transform cancer diagnostics and equip radiologists with AI power.

Better Medicine, a Tartu-based HealthTech startup co-founded by Estonian and Ukrainian researchers, has been backed up with a €2,5M grant from the European Innovation Council’s Accelerator, writes Estonian news portal Delfi. The company specialises in automating the analysis of cancer CT scans using AI and software tools, aimed at supporting radiologists in the fight against cancer.

Years of research put in practice

With a team, including Priit Salumaa, Dmytro Fishman, Bohdan Petryshak, Helena Ije, and Vitalii Lakusta, Better Medicine emerged as a result of their extensive research in the application of artificial intelligence.

Recognising the need for practical solutions to ease the burden on doctors and patients, it developed an AI-powered system capable of detecting the metastatic spread of cancer across various organs, assessing disease progression, and monitoring treatment response.

Dmytro Fishman, co-founder and AI lecturer at the University of Tartu Institute of Computer Science, expressed his delight at receiving the EIC grant, emphasising the significant impact it holds not only for their company but also for the entire field.

“I could not be happier. Years of research are being put into practice for the sake of doctors and patients. This is really the main reason why I became a scientist,” he added. With this additional funding boost, Better Medicine now has the opportunity to transform cancer diagnostics using their powerful AI models.

Better Medecine product in action

Capturing opportunities

In a recent interview with Life in Estonia, Better Medicine’s CEO, Priit Salumaa, discussed the origins of the company and their vision for the future. Salumaa shared that the idea for Better Medicine arose during the COVID-19 pandemic when he sought new challenges and recognised the potential for digitalisation in the medical sector. “The whole sector is getting a lot more attention and new things are emerging,” he stressed at the time.

Their goal is to streamline and automate manual tasks, such as tumour measurements, ultimately saving up to 13 million hours of radiologists’ time worldwide annually. With cancer being a leading cause of death worldwide, accounting for nearly one in six deaths in 2020, the urgency to enhance efficiency in cancer diagnostics becomes paramount.

Better Medicine has made significant progress since its establishment in late 2020. The team have developed four proof-of-concept models, initiated collaborations with Tartu University Hospital and Pärnu Hospital for clinical validation, and set up a digital office in Leeds, England. It was also supported by Enterprise Estonia’s programme for applied research as part of the union’s response to the COVID-19 pandemic. The new grant funding will allow supercharging of all those efforts.

Estonia, for its part, is once again emerging as a perfect test bed for innovative solutions, leveraging academic might with a friendly business environment. Boasting a full-fledged ecosystem of HealthTech solutions — from startups that battle heart disease to digital depression treatment — the country continues to accelerate forward.

Wish to invest in Estonia? Read more about the opportunities Estonia offers in e-Health here and send us an e-Consulting request to get more detailed information.

News & events

Need more information?

Need more information?

What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?

The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.

Request e-consulting