BEDEV is one of the 17 startups selected to participate in the 2024 edition of S3E Charge, the EU-funded accelerator program fostering deep tech innovation and entrepreneurship in Southern Europe.
We spoke with Gonçalo Fonseca, Founder and CEO of BEDEV, to learn more about how this Portuguese startup is planning to make medical devices environmentally and economically friendlier, thanks to the use of 3D printing technologies.
Hi Gonçalo! Tell us about BEDEV, the mission behind the business and the technology you’ve developed.
We founded BEDEV in February 2019 from a research scholarship that we won in the previous year, which allowed us to start our company. Our main focus is the development of early stage medical devises using 3D printing, with the ambition of bringing medtech to greener pastures by making them long-lasting (instead of single use), without putting patients at risk.
How would you describe your entrepreneurship journey so far?
Challenging, but in a good way! When you enter the entrepreneurial world there’s all these questions that you need to answer, which makes it very challenging from the very beginning. We’ve faced some difficulties but we were always driven by our willingness to keep moving on and continue developing our business idea.
Why have you decided to enrol in the S3E Charge accelerator?
We heard about S3E Charge through our incubator, Ubimedical. When we started researching about the program it we realised it was a perfect match for us — not only because it can support us to consolidate and evolve our business plan for our technology, but also to meet and learn from other startups in a similar situation to ours. It’s also amazing that it will help us to pitch and connect with potential investors, which is crucial for us at this stage.
As a startup based in Portugal, it’s very important for us to meet other companies from countries close to ours. Entrepreneurs in Southern Europe share similar difficulties, especially in terms of financing, so it’s great to learn from their perspectives and how they’re evolving their business plans.
What are the key ambitions for BEDEV? Where would you like to see the business in 5 years?
Of course we’d like to grow BEDEV and become as big as other tech startups like Google or Amazon, and we’re aiming to achieve that type of success in the long term.
But, thinking about the next 5 years, after completing the necessary clinical trials and receiving the approval from regulatory agencies, our plan is to enter various international markets with our medtech device. We want to get well established in countries like the US, Germany and China, and from there continue expanding globally — it sounds ambitious, but with the right investment, we believe we can do it, without a doubt.
Drawing from your own experience, what piece of advice would you give to an entrepreneur who’d like to launch their own startup?
Don’t be afraid, and cancel the outside noise. If you believe in your idea, just go for it! There are a lot of opportunities in your country and within the European Union, and even abroad, that you can access to develop your own project into a business. None of us are born with the knowledge required to set up a startup, we all have to learn as we go.
Remember we learn more from our mistakes than from our successes, so don’t be afraid to follow your dreams and look for those opportunities that can help you get to where you want to be.