On October 20, 2020, the final of the Patent Power 2020 biomedical startup competition was held as part of the Open innovations Forum. The PGX2 project was a finalist in the competition and received a grant for intellectual property protection.
The Patent Power 2020 competition is organized by the SKOLKOVO Foundation together with Bayer with the support of the world intellectual property organization, the Eurasian patent office and the Federal Institute of industrial property. The goal of the competition is to find medical startups with a high potential for intellectual property protection.
Three winners of the competition will receive a grant from Bayer in the amount of 700,000 rubles, as well as the opportunity to present the project to Bayer's top management. The winners will be able to use mentoring support from the competition Organizers for further development of the project concept, help in finding tools for further financing and (or) commercialization, as well as submit projects to partners for consideration and get expert advice on further development of the project.
On September 15, 2020, Demoday was held as a part of the Biomedtech track of «Moscow Accelerator». The jury and experts of the acceleration program of the Moscow Government’s Innovation Agency evaluated 18 innovative projects, among which a technology that allows to predict and avoid risks of adverse drug reactions – «PharmacoGenomeX2».
Alla Panchenko, CBDO of PGX2 pitched the startup, mentioning current issues, technology highlights, market and business model insights.
Invitro, the largest private company on the commercial laboratory research market in Russia, invited PGX2 to launch a pilot project with a network of laboratories. PGX2 startup team also received the right to participate in the final of the Biobridge international acceleration program in Austria in 2021.
The PGX2 team thanks the organizers and partners for a quick and intense acceleration.
The Moscow accelerator is a joint initiative of the Moscow innovation Agency and the Moscow Innovation Cluster Foundation, implemented with the support of the Moscow Department of Entrepreneurship and Innovative development.
The partners of the BioMedTech track of the acceleration program are the HIMRAR group of companies and the Invitro holding.
The cluster's priorities are aimed at supporting and implementing projects in the field of creating innovative medicines, medical diagnostic and therapeutic products, new biocompatible materials and cell technology products. Special emphasis is placed on personalized and translational medicine, biomarkers, bioinformatics, as well as devices for diagnostics and monitoring of the state of physiological parameters.