Bayer Launches Grants4Apps Shanghai 2017: Comprehensive Support for Health Tech Startups and Industry Partners
On July 3, 2017, Bayer, a Fortune Global 500 company widely known for producing the “drug of the century,” aspirin, launched its second round of open innovation projects in ChinaGrants4Apps’ “Bayer Startup Program Shanghai 2017” will officially launch, with VCBeat deeply involved and jointly promoting the initiative.
This project comprises two initiatives, namely:The existing “Incubator” program, which seeks out the most promising Chinese startup projects, and the newly launched “Dealmaker” program, which identifies industry partners to address 21 key pain points. Recently, the application channels for two major programs have officially opened, encouraging startups from China's health sector to apply.
Project Application Website:www.grants4apps.com/shanghai
For more information about the project, please visit:www.grants4apps.bayer.com
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Grants4Apps’ “Bayer Start-up – Incubator Program”
Four Major Supports for China’s Most Promising Health Startups
“Bayer has been supporting the development of innovative startups in China and providing them with assistance through the Bayer Grants4Apps program.”Gao Junxiong, Vice President of Bayer China and Head of Business Support for Greater ChinaIn a statement to VCBeat, “By partnering with Bayer, startups have demonstrated their innovative capabilities through the Bayer Grants4Apps program. We are delighted to witness how these startups are creating value for doctors, patients, and consumers in China through innovative projects in products and services. We believe that, with fresh perspectives fostered by collaborative innovation, the 2017 Bayer Grants4Apps program will be even more vibrant.”
This year, Bayer will provide selected startups with support in the following four areas:
88 Day in Bayer
Startup teams (3-5 members) will be invited toBayer China, Citigroup Tower, Lujiazui Financial Center, ShanghaiUndergo an 88-day program of training and coaching, with content including but not limited to:Business model construction, market analysis, and investment strategy formulation, etc.。
Notably, Bayer will provide support based on the actual needs of the selected participants.Customized curriculum: A mentorship team composed of Bayer China’s senior executives will provide professional guidance to the selected teams., comprehensively assisting startups in resolving various thorny issues encountered during their development and those they are about to face.
Bayer Co-Creation Workspace
1 Demo day
Following the 88-day Grants4Apps program, each entrepreneurial team will present their products and business development achievements to the public on Demo Day. Bayer partner companies, investors, fellow entrepreneurs, major media outlets, Bayer employees, and other stakeholders will be present to learn about the startups’ projects, thereby enhancing the visibility of these early-stage ventures within the industry.
360° Interpersonal Relationship Achievement
During this period, startup project teams can engage in close exchanges with Bayer China personnel, investors, experts in the healthcare sector, and other entrepreneurs, thereby building their professional networks to benefit project development.
In the 2016 incubation program, the selected participant “Huasheng Mi” leveraged networking opportunities during this period to secure a spot in the Dubai 100 training camp and obtain financing. In addition to securing funding and establishing a partnership with DXY, “Ruijia” gained numerous partners through this project, embarking on a new journey.
RMB 30,000 in funding support
Each selected enterprise will receive RMB 30,000 in funding support, which may be used at the discretion of the recipient.
Application Details for the “Bayer G4A – Incubator Program”
Application Time:From now until August 4, 2017
Selection Details:On August 4, 2017, Bayer will select the top eight startups from all applicants and engage in further discussions with them. The final three selected companies will be announced on August 29 and invited to relocate to Bayer’s China office, located at Citigroup Tower in the Lujiazui Financial Center, Shanghai.
Selection Criteria:The team structure, performance, and the influence and growth ambitions of the overall vision of startups are among the important criteria for this selection.
Project Application Website:www.grants4apps.com/shanghai
For more information about the project, please visit:www.grants4apps.bayer.com
(Please indicate that you learned about this project through VCBeat when registering!)
Grants4Apps: “Bayer Startups – Dealmaker Program”
Seeking Industry Partners to Address 21 Practical Pain Points
Zhu Zhilong stated, “The “Dealmaker” initiative launched in this year’s project aims to collaborate with more mature startups and companies offering established solutions, seeking approaches that transform our perspectives and methodologies, while upholding the commitment that “technology creates a better life.”
The Dealmaker program is Bayer’s initiative targeting challenges aligned with Bayer’s business operations.InnovationA Challenge Program Launched by Companies (Startups That Have Completed Series A or B Funding Rounds, or More Mature Startups). This year, Bayer has issued 21 challenges to Chinese innovative enterprises across the following seven areas:Self-Health Management, Smart Packaging, Environmental Protection, Medication Adherence, Intelligent Processes, Physician and Patient Management, Optimization of Medical Resources. Specifically as follows:
1. For daily monitoring of whether key indicators of chronic diseases suddenly worsenNon-Invasive Chronic Disease Monitor。
2. For regular spraying of insecticidesLighter and More Comfortable Protective Suits for Farmers, orInsecticides That Are Harmless to the Human Body。
3. People use toQuickly consult a doctor or get medical assistanceonline communication app.
4. For providing personalHealth Supplement RegimenAPP or smart hardware.
5. Enable consumers to obtain information at a glancePrice, brand, raw material source, packaging location, authenticity, and freshness informationAPP.
6. Under specific weather conditionsAutomatic ReminderWeNeed to apply sunscreenapp.
7. Cost-effective and environmentally friendly pesticide storage materials, or solutions for recycling pesticide packaging materials through eco-friendly pathways.
8. ForAutomatic SprayingKilling plant-parasitic nematodesDevice, or aKills Nematodes Without Sprayingproducts.
9. ForReal-timeDetection of Key Pests(such as ants, mosquitoes, cockroaches, etc.) and their quantitiesCategory, and can transmit data to the central control center in real timeofA portable, low-costTools or technologies.
10. To enable consumers to more easily understand their ownDandruff Condition, and an app that provides effective solutions.
11. For consumers allergic to pollenPredicting Pollen Levels in the Environment, and an app that reminds patients to bring their medications when needed.
12. A solution that provides immediate relief from sudden ailments such as headaches, allergies, and stomachaches, eliminating the need to carry a large supply of medications.
13. A type of capable# Cure Tinea Pedistreatment methods.
14. ForNoteConsumer on timeVitamin Intakeapp, or a solution that maintains health without the need for daily vitamin intake.
15. Used to make patients moreConvenient UseofTreatment of Intimate Health Conditions(pharmaceuticals for treating women's intimate health and conditions such as tinea pedis/athlete's foot).
16. A simple and easy-to-use, andMore Effective Organization and Management of Meetingsone-stop solution.
17. For use inRecognition of Handwritten Chemical Molecular FormulasAnd take itConvert to an editable electronic filesoftware.
18. An advanced technology that effectively manages critical patient information, such as treatment feedback, preferences, and needs, by integrating artificial intelligence and machine learning.
19. ASoftware with a user-friendly interface and periodic reminder functions to help patients fill in clinical information accurately and in a timely manner.
20. A tool that can assist physiciansAccurately Record Patient Symptoms, and the various previously performedMethods of ExaminationandResultsplatform, which can be used not only in the radiology department but also in other departments.
21. A Product That Enhances Usage EfficiencyReal-Time CT/MRI Equipment Utilization Monitor, it enables patients to receive faster diagnoses and better medical services.
If your research involves the aforementioned fields, this is an opportunity not to be missed. Apply now to join the “Bayer Start-up – Dealmaker Program.”
Application Details for the “Bayer G4A – Dealmaker Program”
Application Time:From now until August 11, 2017
Application Requirements:Mature startups that align with Bayer’s business challenges (startups that have completed Series A or B financing rounds, or are more mature)
Selection Criteria:Startups must meet rigorous selection criteria, including market traction, early sales track record, corporate background, financing, business model, and the profile of the partner commercial team.
Selection Process:Startups participating in the “Dealmaker Program” will engage in in-depth business exchanges with Bayer. During this period, Bayer’s business experts will conduct thorough research and discussions with the startups to explore potential collaboration opportunities, ensuring that these innovative enterprises are fully prepared prior to the presentation phase of the program.
Selection Results:with the relevant business personnel at BayerForBayer Businesses InvolvedOne-on-oneIn-Depth ExchangeSubsequently, the selected startups will sign letters of intent with Bayer.
Project Application Website:www.grants4apps.com/shanghai
For more information about the project, please visit:www.grants4apps.bayer.com
(Please indicate that you learned about this project through VCBeat when registering!)