Bayer accelerates six new start-ups
Changing the experience of health: that’s the focus of the six start-ups which the Bayer G4A team has included in the Accelerator program this year.
The young companies from Canada, Germany, Israel, Spain, the United Kingdom and the United States came out ahead of more than 1,800 competitors from 100 countries. They now have 100 days in which to intensively drive the further development of their products and solutions with expertise and investment from Bayer. The company will provide them with offices in Berlin, pharmaceutical executives and industry experts as mentors and €50,000 in funding for each project.
“Digital solutions are essential to driving innovation in an evolving healthcare environment. Bayer is seeking to apply them across the pharmaceutical value chain in order to detect diseases at an earlier stage, to develop medicines faster, and to deliver individual treatments with a meaningful outcome for patients. In this endeavour, we benefit immensely from collaborations and the exchange of knowledge and skills with innovative start-ups,” explains Dieter Weinand, Member of the Board of Management of Bayer AG and head of the Pharmaceuticals Division.
Cooperation with start-ups is an integral part of Bayer’s overall digital transformation. The company is driving a Group-wide initiative called “Advancing Digital” to foster innovative solutions in healthcare and agriculture.
Six years ago, Bayer started cooperating with start-ups in the healthcare sector through the G4A program headed by Eugene Borukhovich. “It’s incredible to see the tremendous impact that some of our start-ups have had in the industry. I’m impressed to see the maturity and significance of their innovative solutions. Through the Accelerator program, I’m convinced we will be able to make a significant contribution to truly change the experience of health as we know it. We will continue to put people at the centre of their health and care every single day,” Mr Borukhovich says.
The start-ups that have applied are developing digital solutions that cover the entire value chain within healthcare. Also, this year, a patient jury was asked to rank start-ups according to the impact that their solutions would have on patient experience.
This year’s winners are Agamon, Cyclica, KinAptic, OME, S-There Technologies and Zencorlabs.