Berlin, October 10, 2019 – Bayer announced today that the company has signed collaboration agreements with eleven digital health startups. As part of the program, Bayer will support these startup companies aiming for longer-term collaborations to drive forward the development of specific digital solutions to improve patients’ health in the fields of cardiovascular diseases, oncology, ophthalmology, pulmonology, radiology as well as digital therapeutics. The participating healthcare startup companies were selected by Bayer from over 750 applications out of 65 countries based on the strategic fit, development stage of the project, and the assessment of internal experts.
“We received a high number of very mature digital health startup applications and are excited to jointly develop and scale new digital solutions that will help benefit the health of our patients and consumers,” said Eugene Borukhovich, Head of Digital Health at Bayer. “Our company’s “G4A Digital Health Partnerships” program paves the road for longer-term collaborations through which both parties can bring to market new solutions at the intersection of health and technology,” said Dr. Zsuzsanna Varga, who is heading the Bayer G4A Digital Health Partnerships program.
The new program offers two different ways of collaboration with Bayer in the digital health space. Under the terms of the Growth Track, selected early-stage startups receive EUR 75.000 funding for co-creating products or solutions, as well as co-working space at Bayer’s Pharmaceuticals division headquarters in Berlin, Germany. Mentoring and coaching by Bayer executives are also part of the program. Under the terms of the Advance Track, startups looking to co-create and execute commercial deals are supported. Here, an initial project funding is followed by incremental milestone-based payments.
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Selected Advance Track partners are:
• Prevencio Med (United States): Blood based tests and algorithms to predict risk of cardiovascular diseases and events.
• Blackford Analysis (United Kingdom): A curated marketplace platform of regulatory-approved medical image analysis apps and AI algorithms for clinical value add.
• NeuroTracker (Canada): Cognitive training program designed to improve cognitive and mental performance.
• Carepay (Kenya): Carepay has a mobile health payment platform to send, save, and spend funds for healthcare.
• RelianceHMO (Nigeria): A health insurance company using software, data science, and telemedicine to make health insurance affordable and easier to access.