JAKARTA, Indonesia, July 22, 2022 /PRNewswire/ -- Merck, a leading science and technology company, today announced the launch of its Uptune program in Asia, including Indonesia, which aims to generate collaboration opportunities with early-stage innovative companies.
"The startup environment in Asia is unique and inspiring. Building mutually beneficial and sustainable partnerships with promising startups and creating synergies between Merck and young companies will bring forward the next big ideas," said Steven Johnston, Vice President, Head of Technology Innovation and Enablement, Merck Group Science and Technology Office. "Merck can be a strong supporter for them to jointly grow their business, providing not only funding, but also knowledge and industry expertise."
Merck Launches its Uptune Program in Asia for Collaborating with Startups
The Merck Uptune Program is Merck's startup collaboration program. It supports early-stage companies across Asia working on relevant topics within healthcare, life science, electronics, and smart manufacturing, and with a strong focus on
The selected companies will receive up to € 100,000 in financial assistance, mentoring, and coaching from Merck experts in the areas of research, business development, strategy and finance. With the aim of developing proofs-of-concepts, the companies have the opportunity to deepen their understanding of business scenarios and needs and test their solutions on the international stage with Merck's global presence in 66 countries, which could lead to instrumental business cases or a partnership with Merck.
The Merck Uptune startup collaboration program will start in mid-November 2022. The application period will run through September 4, 2022 via the website (Apply Now). Merck is looking for up to five startups to participate in the program.
Merck has offered various support for emerging startup companies in China. In the past three years, 30 startups were enrolled in the Merck China Accelerator program and received up to € 50,000 in funding and individual mentoring and coaching from internal and external experts. 60% of those startups reached collaborations with Merck. Now, Merck is taking a further step towards evolving its Accelerator program to the Uptune program in Asia, by means of increased funding of €100,000 to empower young companies to devise proofs-of-concepts, run pilot projects, and develop partnerships with Merck.
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About Merck
Merck, a leading science and technology company, operates across life science, healthcare and electronics. Around 60,000 employees work to make a positive difference to millions of people's lives every day by creating more joyful and sustainable ways to live. From advancing gene editing technologies and discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2021, Merck generated sales of € 19.7 billion in 66 countries.
Scientific exploration and responsible entrepreneurship have been key to Merck's technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.
