Plug and Play is Joined by Sanofi on its Insurtech Program in Singapore

SINGAPORE,Oct. 15,2019 -- Plug and Play has announced today that the consumer healthcare business unit of Sanofi has expanded its partnership and is joining the Singapore Insurtech program,which has a focus on the HealthTech space.

This builds on Sanofi's relationship with Plug and Play globally,which started earlier this year as a founding partner with the Startup Creasphere in Munich. Through this new partnership in Singapore,Sanofi seeks to work with the most innovative health and wellness startups in the world for specific pilot projects throughout their South East Asia businesses.

"We are pleased to be partnering with Plug and Play in Singapore and look forward to working closely with their start-up network in accelerating digital health offerings in the consumer space,particularly in the area of stress," said John Broderick,Head of International Region,Consumer Healthcare,Sanofi.

"External partnerships like the one with Plug and Play are extremely important for our business as we focus on innovation in the digital space."

Sanofi joins Plug and Play for their third Insurtech accelerator program,which together with their Fintech program is currently accelerating 20 startups from across the world. Corporate partners in the program have the chance to dictate the focus of each batch,giving them the ability to target specific areas of their business and search for different solutions. With the addition of Sanofi,Plug and Play now works with eight corporations in their Fintech and Insurtech programs,including MSIG,Krung Thai Bank,and Tokio Marine.

"The organization,drive,and focus from the Sanofi team here have been exemplary,and we're very excited to see their progression throughout this current accelerator program and beyond. It's always great to expand our relationships with companies on a global scale,and having Sanofi as one of our partners for our Singapore Insurtech program truly establishes our desire and focus to improve the future of regional healthcare," said Kayvon Deldar,the Head of Insurtech and Fintech in Singapore.

Plug and Play Singapore serves as the regional hub for Plug and Play's corporate innovation and venture investments in Southeast Asia. They currently run three programs,focused on Insurtech,Fintech,and Mobility.

For more information on how to get with involved with Plug and Play in Singapore,please email finsg@pnptc.com

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley,we have built accelerator programs,corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006,our programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 300 official corporate partners,we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs,and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding,with successful portfolio exits including Danger,Dropbox,Lending Club and PayPal.

Our Singapore office was launched in 2010 to invest in high tech startups in the region. Since then we have invested in more than 30 startups and have collaborated with various agencies of the Singapore and Indonesian governments,as well as partnered with multinational and regional corporations to run industry-specific accelerator programs. For more information,visit www.plugandplaytechcenter.com/singapore or email finsg@pnptc.com