- New MedTech & Healthcare accelerator opens global callout for the most promising startups in the industry with a focus on Web3
- Accepted applicants will receive an investment of up to US$250,000 from Animoca Brands and other co-investors within Brinc’s network, and the opportunity to pitch to Prenetics, OliveX, and others for further funding
- Working with Brinc, Prenetics will partner with startups to advance innovations and explore new opportunities in Web3 medical and healthcare applications
Brinc, a Hong Kong-based venture accelerator, and Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, announced today the launch of their new MedTech & Healthcare accelerator, with the debut cohort commencing in April 2023.
Successful applicants will receive an investment of up to US$250,000, relevant networking opportunities, and mentoring from Prenetics and OliveX representatives as well as from other leaders in business, medtech, and healthcare. Startups will also be trained to pitch to an audience of sponsors, industry leaders, and investors at the program’s highlight event, the Demo Day.
Prenetics, a leading genetics and diagnostic health-testing company, will work with Brinc to develop health startup innovation, business models, and disruptive ideas in the Web3 space. Prenetics, OliveX, and other partners will lead mentoring for the new accelerator, sharing insights about the industry, Web3, business development, and other areas integral to startup success.
Manav Gupta, founder and CEO of Brinc, said: “Web3’s true potential has yet to be fully realized in the health and medical space, where creating trust, unlocking data and bridging incentives are essential. We’re excited to work with game-changing partners to explore Web2 to Web3 convergence and optimize the promotion of healthier living across enterprise products and lifestyle behavior. We have identified a number of promising prospects in the space and received strong interest from founders, so we are excited to begin talking to startups in this burgeoning category.”
Yat Siu, co-founder and executive chairman of Animoca Brands, said: “Expanding into a space with new challenges and opportunities is appealing to us here at Animoca Brands, especially in such a vital industry. We’re proud to collaborate with Brinc once again and to have Prenetics and OliveX involved in the MedTech & Healthcare accelerator. We look forward to fostering next-gen Web3 applications and innovations in medical technology and healthcare through this new accelerator.”
Danny Yeung, co-founder and chief executive officer of Prenetics, said: “The global healthcare sector continues to present tremendous opportunities and areas for innovation, and we remain committed to our mission to decentralize health. We are excited to extend our joint venture with Animoca Brands to create a decentralized digital health data platform, and look forward to exploring new opportunities in the metaverse and Web3 through this new Brinc-run accelerator.”
Brinc is also pleased to include Web wellness pioneer OliveX in the accelerator. A digital health and fitness company delivering unique user experiences through fitness gamification, augmented reality, and play-to-earn experiences, OliveX’s successful track record in investing in, advising, and launching new experiences — such as Dustland Runner, the world’s first move-to-earn audio fitness adventure — will be valuable to the program.
Keith Rumjahn, founder and CEO of OliveX, said: “When Brinc asked me to come on board as a program mentor, my answer was an emphatic yes. Investing in emerging talent and ideas is one of OliveX’s core tenets as a Web3 business. Web3 grows and generates innovation by embracing new voices and new ideas and fostering their development from the earliest stages. I’m thrilled to be able to share the wisdom and experience I’ve gained in the past 15 years with the next generations of Web3 leaders.”
Brinc’s MedTech & Healthcare accelerator will focus on areas including but not limited to: women’s health, mental wellness and meditation, fitness (programs, metaverses, virtual and augmented reality, learn to earn), data privacy utilizing blockchain, digital healthcare, devices and wearables.
The 12-week program will address industry challenges faced by startups in this space such as token design, community building, and fundraising, and will be conducted in an online/offline hybrid model.
About Brinc
Headquartered in Hong Kong, Brinc is a leader in global venture acceleration and operates 13 multidisciplinary accelerator programs across seven countries. Brinc accelerates startups focused on blockchain technology, artificial intelligence, connected hardware, robotics, climate tech, clean energy, food technology, and Internet of Things (IoT) with a view to creating a more sustainable, equitable, and inclusive future.
Brinc also supports corporations with investment services, distributed innovation strategies, sourcing of new startups and technologies, as well as venture-building Web3-enabled businesses. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), tertiary institutions (HK City University, National University of Singapore) and leading venture funds (Artesian, LeverVC, Tamkeen, EDB) have all run programs with Brinc. In 2021, Brinc announced a series of venture funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities.
Learn more about Brinc
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, Be Media, and PIXELYNX. Animoca Brands has a growing portfolio of more than 380 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.
About Prenetics
Founded in 2014, Prenetics is a major global diagnostics and genetic testing company with the mission to bring health closer to millions of people globally and decentralize healthcare by making the three pillars — Prevention, Diagnostics and Personalized Care — comprehensive and accessible to anyone, at any time and anywhere. Prenetics is led by visionary entrepreneur, Danny Yeung, with operations across 9 locations, including the United Kingdom, Hong Kong, India, South Africa, and Southeast Asia. Prenetics develops consumer genetic testing and early colorectal cancer screening; and provides COVID-19 testing, rapid point of care and at-home diagnostic testing and medical genetic testing. To learn more about Prenetics, visit www.prenetics.com.
About OliveX
OliveX is a digital health and fitness company delivering unique user experiences through fitness gamification, augmented reality, and move-and-earn experiences. The OliveX fitness metaverse provides platforms that merge the real-world and the digital universe to connect consumers exercising at home, the gym, or outdoors with brands, influencers, and coaches in over 170 countries.
As part of its long term strategy to expand the fitness metaverse, OliveX is committed to its core development principles of building blockchain fitness games, investing in and incubating emerging blockchain titles, and partnering with global brands on the Sandbox. The Metaverse will ultimately be underpinned by OliveX’s bespoke cross-platform DOSE token, an ERC-20-compatible fungible token.
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Press Contacts
Brinc global contact: press@brinc.io
Animoca Brands global contact: press@animocabrands.com
