Panacea partners with Cancer Research UK
Cancer researchers set to build oncology-based cutting-edge technologies through new Panacea-Cancer Research UK partnership.
OXFORD/LONDON — UNITED KINGDOM — WEDNESDAY 25th SEPTEMBER, 2019
Panacea partners with Cancer Research UK, the world’s largest independent funder of cancer research, to help young entrepreneurs form, develop and grow ground-breaking ideas in the field of oncology.
Panacea and Cancer Research UK are today launching OncoStars, designed to inspire scientists to think about their research from a translational perspective, to spark their entrepreneurial appetite, and to help them build a start-up around their bold visions.
The partnership aims to establish the next generation of oncology-based ventures that introduce market-leading solutions within the areas of: therapeutics, medtech, diagnostics, digital health, artificial intelligence and platform technologies,by providing scientists and entrepreneurs with top-tier support, education, resources and access to capital.
Mina Bekheet, Panacea’s CEO and Founder commented: “We are proud and privileged to be working so closely with Cancer Research UK. We are looking forward to seeing the benefit for all scientists within the oncology domain and likewise, for cancer patients, arising through this collaboration. The experience, resources and leading role of Cancer Research UK, combined with our novel model and ever-growing network of strong partners will help to support researchers in translating their science into tangible products and services.”
Tony Hickson, Cancer Research UK’s chief business officer, said: “With the extensive expertise and guidance of Panacea, we can nurture a new generation of scientific entrepreneurs and encourage innovation at the interface of academia and industry.
“This partnership will form part of our new Entrepreneurial Programmes Initiative, which is a first for Cancer Research UK. We are proud to be driving entrepreneurship in cancer research and helping transform more ideas into lifesaving medicines for patients.”
As part of OncoStars, Panacea and Cancer Research UK will be co-hosting a series of events, aimed at all scientists, academics and entrepreneurs working in oncology, which will explore how we can translate science from the lab into the clinic.
Additionally, an application call dedicated to ideas/start-ups based around oncology will be opened. Shortlisted applicants will gain business and entrepreneurial training along with access to Cancer Research UK’s and Panacea’s professional networks. The top teams will then get the opportunity to join the wider PanaceaStars Develop and Grow phases, where they will receive tailored support and resources, and the opportunity to pitch for investment, enabling them to de-risk their start-up, build their proof of concept and turn their idea into a thriving business which will help to diagnose, treat or prevent cancer.
For more information visit https://panacea-stars.com/projects/oncostars/
Notes for editors:
About Panacea
Panacea Innovation is a science and technology translation ecosystem. Panacea Stars is Panacea’s flagship health and life sciences translation platform. We collaborate with the most exciting sci-entrepreneurs to help transform bold visions into thriving companies that improve people’s lives. Whether they have the seed of a scientific innovation or a well-developed proof-of-concept, our multi-phase framework is designed to help translate their bold ideas into a successful business.
Visit www.panacea-stars.com.
About Cancer Research UK’s Commercial Partnerships Team
Our specialist Commercial Partnerships Team works with leading international cancer scientists and their institutes to protect intellectual property arising from their research and to establish links with commercial partners. The team develop promising ideas into successful cancer therapeutics, software, devices, diagnostics and enabling technologies. This helps to accelerate progress in exciting new discoveries in cancer research and bring new treatments to patients sooner.
Visit http://commercial.cancerresearchuk.org/
About Cancer Research UK
- Cancer Research UK is the world’s leading cancer charity dedicated to saving lives through research.
- Cancer Research UK’s pioneering work into the prevention, diagnosis and treatment of cancer has helped save millions of lives.
- Cancer Research UK receives no funding from the UK government for its life-saving research. Every step it makes towards beating cancer relies on vital donations from the public.
- Cancer Research UK has been at the heart of the progress that has already seen survival in the UK double in the last 40 years.
- Today, 2 in 4 people survive their cancer for at least 10 years. Cancer Research UK’s ambition is to accelerate progress so that by 2034, 3 in 4 people will survive their cancer for at least 10 years.
- Cancer Research UK supports research into all aspects of cancer through the work of over 4,000 scientists, doctors and nurses.
- Together with its partners and supporters, Cancer Research UK’s vision is to bring forward the day when all cancers are cured.
For further information about Cancer Research UK’s work or to find out how to support the charity, please call 0300 123 1022 or visit www.cancerresearchuk.org. Follow us on Twitter and Facebook.
