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Alibaba Cloud, Fintech Academy, Pfizer, APAC Accelerate Healthcare Innovation

 


Startups selected under this alliance will receive “infrastructure support and technical expertise from Alibaba Cloud, talent development and venture building support from Fintech Academy, scientific and commercialization knowledge from Pfizer”. Masu

Alibaba Cloud, Fintech Academy, and Pfizer today announced a Memorandum of Understanding (MoU) that will lead to the establishment of the Healthcare Fintech Alliance (HFA), which will accelerate transformation across the Asia Pacific region’s health technology and fintech sectors.

HFA establishes Southeast Asia (SEA) Innovation Center in Singapore. It aims to build a healthcare technology ecosystem that supports local start-ups and research centers and provides scientific and technical expertise through incubator support, training content and incentive programs.

The Alliance is set to spur the development of technology-driven innovation in the region by piloting this initiative by Singapore, Indonesia and Vietnam before expanding to Malaysia and the Philippines. Compliance with laws and regulations is a condition). The HFA seeks to strengthen Singapore’s position as digital capital in Asia by sharing innovation best practices with local start-ups and companies. Mentoring and networking.

Under this partnership, Alibaba Cloud will provide cloud credits and mentorship to healthcare and fintech startups to harness the power of AI, cloud and other digital technologies to meet current and future business needs. I will. Fintech Academy helps identify and train start-ups through venture-building programs and provides academics with talent management support for business operations and project execution. Pfizer has “market-expanding” commercialization experience, and through its established network of health professionals and key opinion leaders, Pfizer offers thought leadership in addressing affordable and accessibility barriers.

Main focus areas of HFA

Affordable solutions that leverage microfinance and other financial models among patients, families, payers, insurance companies, and other healthcare professionals. A value-based contract that can link a healthcare or patient-to-patient payment scheme to a drug’s effectiveness, health outcome, or use. Digital therapy driven by software that prevents, manages, or treats physical, mental, or behavioral conditions. Results monitoring by tracking and reporting results derived directly from patients, remote devices, healthcare providers, R&D databases, and real-world evidence. In order to improve and maintain the health of the population by leveraging and managing patient medical records and related data and insights using new technology tools, the population to reduce costs in a coordinated manner. Better understand the health characteristics of. Personalized healthcare with digital healthcare solutions or products tailored to the individual needs of the patient. Increase adoption of innovative health technology devices. For example, diagnostic tools to address barriers to healthcare access and reimbursement in the current healthcare landscape.

“It is important for Singapore start-ups to leverage emerging technologies to drive transformation in the healthcare sector,” said Alibaba Cloud General Manager, Derek Wan, Singapore.

Dr. Lillian Koh, founder of the Fintech Academy, said: Through this network, the alliance promotes collaboration and scholarships between the financial, healthcare and digital technology sectors. This may have good results when traveling with them to provide the necessary access to mentors and funds. “

“The formation of this alliance is a clear demonstration of Pfizer’s emerging markets efforts to meet patient-centric healthcare needs by leveraging the synergies between cloud technology, financial capabilities and pharmaceutical expertise.” Said Pfizer Singapore country manager Ember Erkan.

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