Since 2016 the MSD Innovation Factory has been supporting external talent and looking for effective ways to partner with the ecosystem to unleash more meaningful innovation.
Following the MSD IF co-creation model, we have already partnered with more than 10 digital health companies - helping us to improve the life quality of patients and support healthcare professionals in their daily work.
We invite you to know more about our past editions and their winners:
The innovation Factory in a nutshell
Eligible participants
Any start-up or company that is incorporated in any country. Consortiums are permitted.
Type of solutions
Participants can present products or services on the challenge area of focus.
Submitting an application
Must be submitted using the official tool. Once a team has been registered on the platform, no changes in its proposal will be made.
Selection Event
If application is selected, participant must attend the selection event to present the solution and will receive an economic compensation.
Cost of participation
Free of charge
Intellectual Property
IP rights in the idea or concept presented by any participant, independently of the end results of the initiative, will remain as property of the solver entrant.
Judging criteria
- Solution fit to the proposed need, considering the expected outcomes (50% weight)
- Feasibility of success in 12 months (30% weight)
- Competitive advantage: innovativeness and uniqueness of the solution (20% weight)
Winner
Only one finalist will get up to $20,000 and other benefits to develop and locally launch their solution together with the MSD Lebanon team.
Frequently Asked Questions
Who is behind the Innovation Factory? Which is the role of MSD?
MSD Innovation Factory has been established as an open innovation vehicle for MSD EEMEA Region (Eastern Europe, Middle East and Africa).
What is MSD MEA? And MSD Lebanon?
EEMEA is one of the most diverse regions within MSD, with a footprint that spans across 2 continents and serving a population of close to 1.7 billion people.
MSD Lebanon is part of this region, which is the local market for this edition. As a subsidiary of MSD, we invite our customers to visit our www.msd.com International Site while we continue our progress on building the local site for Lebanon.
Which is the role of Ticbiomed?
Ticbiomed is a non-for-profit association that supports MSD with the organization due to its capacity to scout and bring together the global digital health ecosystem.