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Velocity Health, run by both MSD UK and Wayra, UK, will hand each of the winners from its demo day event up to £68k in investments.
Mike Nally, managing director of MSD UK, said: “What we're seeing is the future of healthcare delivery in the UK - innovative products and services that will not only test the capabilities of what's possible and put the patient at the heart of everything we do, but hopefully help society to become as good at 'recognising and preventing' disease as we are at 'diagnosing and treating'.
“As a healthcare company with a proud legacy of investing in innovation and R&D, we are delighted to be able to help harness and nurture this amazing talent.”
In additional to Aparito, which combines disease specific mobile apps and wearable technology, and remote care system Speakset, two other initiatives were rewarded by the programme.
They were cloud-based application Tickerfit, which enables healthcare professionals to provide personalised lifestyle interventions, and Mom incubator which is an inexpensive, electronically-controlled, inflatable incubator designed to decrease the premature child deaths within refugee camps.
From February 2016, the startups will begin a 10-month accelerator programme with support from a network of mentors, coaches and investors to enable them to scale up.
Via Pharma Guy
MSD UK joins the "club" Bayer Health started with its Grants4Apps program. The Grants4Apps team received the 2015 Pharmaguy Pioneer Award: http://sco.lt/5pRjEX It looks like MSD is offering more money and more incubator time for its technology startups than does Bayer. Will Bayer compete?