- Digital hubs and ecosystems are seen as key accelerators for new technologies
- Partnership provides InsurTech Hub Munich with financial support
- Promotion of the InsurTech Hub also by the Federal Ministry of Economics
Munich, July 19, 2018 - The InsurTech Hub Munich (ITHM) is pleased to announce the start of a comprehensive strategic collaboration with Roche Pharma AG. Funded by the German Federal Ministry of Economics, ITHM is an entrepreneurial platform consisting of two accelerator programs that supports start-ups and connects them with key players from various industries. The aim of the strategic collaboration between ITHM and Roche is to promote digital solutions in the health insurance industry in order to improve everyday patient care.
Johannes Wagner, member of the ITHM Board of Directors: "Electronic health records or so-called 'mobile health' through the use of apps are just some of the many topics that are becoming increasingly relevant for patients, but where we urgently need to catch up in this country. With Roche, we welcome the perfect partner to the InsurTech Hub in Munich, who, like us, see an urgent need for action in the digital health sector in this country. We are delighted about the financial commitment, which will enable us to jointly support the creative minds working at the interface between the healthcare and insurance industries in scaling their start-ups and also give Roche access to new ecosystems and technologies."
The still young field of digital health applications is rapidly gaining in importance: while venture capitalists invested USD 1.5 billion in digital health start-ups in 2010, the amount invested rose to USD 6.4 billion in 2016. The main reason for this is the growing need for higher quality and better and faster care for patients.
About the partnership between ITHM and Roche:
Roche is providing financial resources as part of the strategic partnership and will be able to use the results of the InsurTech Hub to gain new insights for the development of data-driven healthcare applications.
About Roche in Germany
Roche employs around 16,100 people in Germany in the areas of pharmaceuticals and diagnostics. The company is represented at three sites in Grenzach-Wyhlen (Roche Pharma AG), Mannheim (Roche Diagnostics GmbH, Roche Diagnostics Deutschland GmbH, Roche Diabetes Care GmbH and Roche Diabetes Care Deutschland GmbH) and Penzberg (Biotechnology Competence Center, Roche Diagnostics GmbH). The focal points cover the entire value chain of the two business areas Pharmaceuticals and Diagnostics: from research and development to production, logistics, marketing and sales, with each site also performing global tasks in addition to its German business. Roche is clearly committed to its German sites and has invested around 2.5 billion euros in them over the last five years. Further information on Roche in Germany can be found at www.roche.de.
About the InsurTech Hub Munich
The InsurTech Hub Munich is an entrepreneurial platform consisting of two accelerator programs that connects and inspires key players from different industries and technologies to work together on innovative insurance products and services to shape the future of the insurance industry in Europe. Named a "Digital Hub" by the German government(www.de-hub.de) and Bitkom, the InsurTech Hub Munich is challenging the status quo of the insurance industry. Start-ups, companies, top universities, research centers, investors and the government are committed to shaping a safer future together. For more information, visit www.insurtech-munich.com.
