Santander X Global Challenge | Innovation in Healthcare

Areas

The solutions of the candidate companies should focus on three key areas:

• Technology and automation: Innovations that support the effectiveness and advances of health professionals. As an example of solutions, they are looking for operational function systems that save costs, resources and reduce medical errors, development of medical devices, wearables, the use of robotics and virtual reality for medical training and remote surgical procedures.
• Operational efficiency: Innovative solutions that track and analyze the healthcare industry and can help governments, companies and other stakeholders make strategic and operational decisions. They look for solutions that improve hospital operations, electronic record management systems for more efficient documentation and management, data analysis to optimize resource allocation and personnel planning.
• Patient care: Solutions focused on patient-centered care to offer you a comfortable and efficient experience from start to finish. As an example, they look for solutions that allow better patient care from home diagnosis and monitoring to virtual appointments, autonomous medication dispensary, simplified treatment plans, personalized medicine.

Reward

There will be six winning projects, which will receive the following rewards and benefits.

• Financial support for the development of their solutions. A total of €120k (€10,000 per startup; €30,000 per scaleup).
• Promotion to drive local and global visibility and acknowledgement of the winning solutions through some of Santander Group’s portals and social media channels.
• Membership to Santander X 100, Santander X’s prime community where members are provided with valuable experiences and/or useful connections to be able to progress with their businesses.

Requirements

• All applications must be;
  • Innovative: the solution includes a feasible and credible new technology, new technology application, new business model, or a new process. The maturity of the technology is referenced along with any patents or IP strategy associated with the solution.
  • Technology based: focused on the development and/or manufacturing that uses leading edge scientific or technological knowledge systematically to produce new goods or services to the market.
• Startups
  • Must be legally incorporated in one of the following countries: Argentina, Brazil, Chile, Germany, Mexico, Poland, Portugal, Spain, Uruguay, USA, and the UK.
  • Meet at least one of the following criteria:
    • Currently marketing a product/service that does not exceed annual sales revenue of $300k.
    • Have raised capital between $100k and $1m.
    • Have between 2 and 25 full time employees.
• Scaleups
  • Must be legally incorporated for at least 2 years in one of the following countries: Argentina, Brazil, Chile, Germany, Mexico, Poland, Portugal, Spain, Uruguay, USA, and the UK.
  • Meet at least one of the following criteria:
    • Currently marketing a product/service with over $300k annual sales.
    • Have raised over $1m.
    • Have over 25 full time employees.

For more information, visit Banco Santander.