Sanofi joins Startup Creasphere - Munich's first Digital Health focused Innovation program

News provided by

Jan 23, 2019, 02:00 ET

MUNICH, Jan. 23, 2019 /PRNewswire/ -- Startup Creasphere, the first digital health innovation hub in Europe, has today announced a partnership with the consumer healthcare business unit of Sanofi.

Sanofi will partner with Startup Creasphere and other companies in creating the ultimate hub of digital health innovation in Europe, where forward-thinking corporations and disruptive startups can meet to pilot solutions and services, drive investments, learn and share experiences and facilitate international expansion.

Startup Creasphere is supported by Plug and Play, a global innovation platform and venture fund from Silicon Valley, specializing in the development of early-to-growth stage technology startups.

"We are excited to partner with Startup Creasphere and their network of startups to develop new and innovative healthcare solutions for our consumers, who are looking more and more to the digital space for support that goes beyond the pill," said Oliver Freichel, Corporate Vice President Strategy & Business Development & Licensing, Consumer Healthcare, Sanofi.

"Within Sanofi, we have strong expertise in bringing over the counter healthcare solutions to market, so we look forward to combining these strengths with the ingenuity and innovative mindset of startups to help consumers live healthier, fuller lives."

"We are excited to expand our existing partnership with Sanofi and welcome them as a Founding Partner into Startup Creasphere. With the addition of Sanofi to our platform, we are looking forward to exploring consumer facing technologies in the Healthcare field and providing startups from all over the world with an unparalleled opportunity for business development and investment activities with large corporations," said Saeed Amidi, Founder and CEO of Plug and Play.

Startup Creasphere will run two sessions annually where hundreds of startups from across the globe will be evaluated, with the most promising selected by corporate partners, such as Sanofi, to join each session. In their first session, Sanofi will focus on working with startups in the nutritional health and allergy space.

"As the world becomes more hectic and connected, consumers are demanding more personalized healthcare, and we have seen this come to life through concepts such as personalized vitamin regimes," said Mr. Freichel.

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 280 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal. For more information, visit www.plugandplaytechcenter.com.

About Sanofi

Sanofi is dedicated to supporting people through their health challenges. We are a global biopharmaceutical company focused on human health. We prevent illness with vaccines, provide innovative treatments to fight pain and ease suffering. We stand by the few who suffer from rare diseases and the millions with long-term chronic conditions.

With more than 100,000 people in 100 countries, Sanofi is transforming scientific innovation into healthcare solutions around the globe.

The Global Consumer Healthcare Business Unit had sales of €4.8 bn in 2017. Sanofi Consumer Healthcare is one of the top three organizations in the Consumer Healthcare market and provides consumer centric, innovative self-care solutions that are mainly tailored to four global categories: Cough & Cold and Allergy, Pain, Digestive Health and Nutritional Health.

Julia Belaya
Director Health – Plug and Play
Balanstrasse 73, 81541 Munich
[email protected]
Mobile: +16698009887

SOURCE Plug and Play