MedTech & BioTech

TLDR

Belgium's medtech sector includes Axithra (imec spin-off) and I-care, Belgium's newest Unicorn based in Mons.

Overview

Belgian medtech benefits from strong academic and research foundations at KU Leuven, UGent, and imec. Axithra is a deep tech spin-off from imec working on medtech hardware. I-care achieved Unicorn valuation in 2024, putting Mons on the Belgian tech map.

The sector is relatively capital-intensive compared to software, but benefits from EU health funding and strong university hospital networks in Belgium.