Main biotechnology firm MiRXES launched the primary version of the MiRXES Translator Program on the Singapore Week of Innovation and Know-how (SWITCH).
MiRXES Translator Program is Southeast Asia’s first enterprise and medical advisory programme backed by science that bridges post-incubation ideation and post-accelerator progress. This system is a collaboration with international innovation platform Plug and Play.
The primary of its variety, MiREXS Translator Program will help choose high-growth potential corporations to fast-track the commercialisation and adoption of preventive healthcare options, and translate that to income progress. The intention of doing so is to enhance inhabitants well being outcomes collectively.
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“With our wealthy startup expertise and in depth networks, MiRXES is worked up to develop our position within the biotechnology and preventive healthcare sector by enabling multi-stakeholder partnerships and connecting corporations with sources to extend the adoption of preventive healthcare options globally,” mentioned Dr Lihan Zhou, Co-Founder and CEO of MiRXES.
MiRXES is a Singapore-headquartered biotech firm that discovers and develops correct and reasonably priced preventive healthcare options and makes them accessible to all. They’re targeted on saving lives and enhancing well being economics and outcomes by RNA-powered illness early detection and precision genomic assessments.
MiRXES additionally launched and operates the Early Medical Centre, the area’s first healthcare innovation centre. The ability takes a novel, individualised strategy to well being, and is supplied with world-class services that serves as an aggregation hub for diagnostic options.
Co-generating enterprise milestones
By way of MiRXES Translator Program investor-partner partnership, MiRXES will actively co-generate measurable enterprise milestones and outcomes whereas sharing dangers and rewards with corporations enrolled within the programme, aiding them in rising and scaling their enterprise effectively and successfully.
MiRXES will allow the acceleration of their progress by contributing its analysis, manufacturing, and medical diagnostic capabilities to validate merchandise and supply price benefit by economies of scale. Firms participating in this system can even have entry to the Early Medical Centre, the place they’ll be capable of validate their pricing and enterprise viability.
“In addition to investing capital by the MiRXES Translator Program, MiRXES is delighted to share our data from working among the world’s most subtle laboratories the place we pioneered medical purposes of cutting-edge analysis in RNA biomarkers and assist these startups achieve a footing within the trade,” mentioned Zhou.
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Firms in this system can even obtain help from MiRXES in regionalising their companies by MiRXES’s infrastructures in Southeast Asia. By way of their community, MiRXES can even facilitate partnerships between enterprise funds, medical companions, authorities, hospitals, and adopters,
MiRXES might be working with the shortlisted startups to run an in depth programme to develop and improve their attain throughout the preventive healthcare sector. Relying on the startup’s maturity, the collaboration might span resolution optimisation, pilot manufacturing, medical advisory, and market validation.
Plug and Play, a extremely profitable investor and most popular innovation companion for main companies, will assess candidates and curate appropriate rising preventive health-focused know-how startups for the MiRXES Translator Program.
“Our aim is to supply a line-of-sight into probably the most modern startups shaping the healthcare and biotechnology trade globally,” mentioned Jupe Tan, Managing Accomplice of Plug and Play APAC.
“We’re delighted to be working with MiRXES for his or her Translator Program. With greater than 15 years of expertise in early-stage investing and scaling company innovation, Plug and Play has a eager skill to establish, appeal to, and speed up founders who wish to remedy trade challenges and scale new applied sciences,” Tan added.
Be part of the MiRXES Translator Program
Functions for the inaugural 2022-2023 MiRXES Translator Program will start on the finish of October 2022.
This system might be rolling out with six focus areas – diagnostic options, complementary well being merchandise, well being administration programmes, digital well being options, healthcare financing options and healthcare provide chain.
Put up-revenue startups throughout Asia-Pacific, Europe and North America, with improvements geared toward enhancing the standard and effectivity of preventive healthcare, are eligible to use for this programme.
The MiRXES Translator Program helps startups in accelerating the commercialisation of their merchandise by:
- Income contracts and/or benefits-in-kind of as much as US$1,000,000 in worth
- Scientific and medical advisory
- Workflow optimisation and market positioning technique
- Value and income channel discovery
- Growth alternatives to focus on markets
- Entry to a multi-stakeholder ecosystem of buyers, policymakers, payors, resolution suppliers and healthcare supply suppliers, together with MiRXES’s supply arm
For extra details about and to use to the MiRXES Translator Program, go to their web page right here.
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Disclosure: This text is produced by e27 staff, sponsored by Plug and Play.
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