techcare, a program developed by Novartis in partnership with Deloitte Digital and Beta-i, started its Bootcamp this week with 11 ambitious startups willing to make a difference in the health ecosystem.
Until November 17 all startups have the opportunity to develop their proposals and work towards new tech solutions alongside Novartis professionals and affiliated healthcare experts.
For Cristina Campos, general-director of Novartis Portugal, the selection phase of the program was “extraordinary”, underlining that this initiative is “the right way to cooperate in the creation of solutions for the health sector”.
And the selected startups to reach this goal are:
• Alcove an #loT digital care service which monitors, enables and provides emergency response to help older and disabled adults remain independent in their own homes;
• Amiko is an upgrading respiratory care with Quantified Medicine;
• Biotechspert is able to quickly connect anyone to a key opinion leader or expert access every sector of the life sciences;
• Care Across is a web platform which is a universal meeting point for cancer patients and caregivers, providing them with reliable information, psychological
support, medical guidance and access to interactive tools.
• InforMed.pro helps pharma deliver better educational content to doctors;
• LibHeros connects patients with health professionals, promoting and optimizing the organization of care for patients at home as well as the journeys of professionals;
• MedicSen is a smart diabetes management: chatbot app + predictive A.I. + Needle-free smart patch (insulin).
• NeuroPsycad which provides clinicians (neurologists, psychiatrists, and neuroradiologists) with patient personalized reports helping them make early and accurate diagnoses of various neuropsychiatric disorders;
• Promptly is an online platform to collect and analyze scientifically standardized data regarding healthcare outcomes reported by patients, allowing them to know, keep track and compare their outcomes with the standard of care;
• TonicApp, a software platform to increase productivity of medical doctors;
• UpHill develops SaaS to manage and analyze healthcare workforce learning and training.
In 1964 someone said there would be no market for television.
“Television won’t be able to hold onto any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.”
This was no other than… Daryl Zanuck, the co-founder of 20th Century Fox, one of the biggest producers of televised content.
Let me give you another example.
“I think there is a world market for maybe five computers.”
Said Thomas Watson, president of IBM in 1943.
More recently, someone had hesitations about the first iPhone at its launch.
“500 dollars? I said that is the most expensive phone in the world. And it doesn’t appeal to business customers because it doesn’t have a keyboard.”
This was Steve Ballmer, CEO of Microsoft in 2007.
What can we conclude from these incidents?
- As a CEO or co-founder of a large company, if you sound confident, you can say whatever you like!
- But also that the future is very unpredictable, and increasingly more so. When it comes to technological innovations and digital transformation, not even those with access to information on industry knowledge and trends or current industry leaders can anticipate what is going to happen.
As the speed of change increases, unpredictability is becoming the norm rather than the exception. This game of trying to predict the future is getting old. It’s almost turning mystical, like looking into a crystal ball. It has become too risky for most companies to put all their bets on these unreasonable certainties.
Nowadays, with so many future possibilities, the only way for an organization to remain competitive is through a continuous desire to learn and a willingness to test things.
It no longer makes sense for a company to look inwards, to what is known and familiar, in search of innovation and transformation. Or even to focus on developing new solutions and technologies in-house. Most of the ideas that arise, probably have or are being developed by someone who more focused and specialized. Most of the time, these teams are startups looking for opportunities to collaborate and who dream of seeing their solutions used by customers.
Companies possess industry knowledge, resources, access to a large customer base, but they seek new ideas, the opportunity of testing and experimenting without too much risk and becoming agiler to be able to do this. That is exactly what startups have to offer. In turn, they are looking for industry knowledge, resources, and access to a large customer base. All things that corporates can offer.
If these two happen to have a profile on Tinder, I’d say it is a perfect match. But as you know, even for the perfect match, relationships are never easy!
This is why at Beta-i we have open innovation programs. We do what tinder does. We facilitate these “dates” between startups and corporates. Through our programs, clients can attract the most innovative ideas, from all over the world, technology-based startups, who are excited and ready to collaborate and adapt their solutions to your business reality. Our programs, which often happen at a global scale involve the entire organization and bring together diverse business areas to create interdisciplinary teams. This way we foster an environment for deep cultural transformation to occur in a natural way. And it really works! Our clients can prove it.
There’s one last statement, that I’d like to share with you.
“Neither Redbox nor Netflix are even on the radar screen in terms of competition.”
Can you guess who this was? You’re right, it was Jim Keyes, president of Blockbuster before it’s doom!
Had blockbuster collaborated with Netflix or Redbox, or other startups of the sort, they could now be one of the biggest providers of online entertainment content.
Don’t make the same mistakes that were made in the past. It’s time to collaborate with startups and not miss the opportunities of the future!
If you want to know more about our open innovation programs, have a look here!
The second edition of Protechting recently came to an end, with three winners selected for the Roadshow to China. We asked one of the founders of the three startups to report back to us on their experiences in China.
Gonçalo Consiglieri is one of the founders of Visor.ai: a chatbot and human messaging platform. Here is his story from the Roadshow to China with Fidelidade and Fosun.
We had the opportunity to participate in the roadshow to China organized by Fosun for the winners of Protechting. It was an amazing experience for several reasons.
We had the opportunity to meet the Fosun group and their associated companies. This was an amazing opportunity for us to get to know more about the company, their structure, and strategy. They can be a great partner for us in the future, both on the commercial side, and as a possible investor for our company.
This visit allowed us to meet the Chinese market and culture. It introduced us to the main challenges and opportunities, in case we decide to start operating in China.
We got to know more about services and trends leading the future of our sector in China. It was mesmerizing for us to realize the importance of WeChat in China and the multitude of utilities it has, not only as a Chat platform but also as a payment method. There are some possibilities and use cases that we can implement for clients in Europe, and it would also be a possibility to implement our system with this platform in the future.
During the visit, we also participated in an international pitch competition. It took place in the city of Ningbo and was transmitted on national TV. This was an amazing and exciting experience, where we had close contact with Chinese Startups and the ecosystem.
The experiences in China were great for us to enrich our relationship with Bdeo and Amiko, the other winners of Protechting, with whom we are exploring potential synergies. We are grateful to Rita Delgado from Fosun and José Maria Villa de Freitas from Fidelidade that joined us for this incredible experience and did a hell of a job, making us feel great and promoting our projects to the Fosun companies and partners that we met.
After this experience, we truly feel we are better, both as a startup and as people, due to all the experiences we had the opportunity to live and the people that we had the opportunity to meet.
A big thank you to Fosun and Fidelidade for all the opportunities that they gave us not only during this trip, but also since the first moment that we met in Protechting.