Open until 11/07/24

Santander X Global Challenge | Innovation in Healthcare

A Global Challenge for startups and scaleups from 11 countries with innovative solutions in the field of health services.

Banco Santander and the Oxentia Foundation launch the Santander X Global Challenge | Innovation in healthcare. A global challenge seeking to find companies looking to innovate in the field of healthcare services, patient care, cost reduction and increased efficiency of healthcare systems.

11 countries

Argentina, Brazil, Chile, Germany, Mexico, Portugal, Poland, Spain, the UK, Uruguay, and the USA

2 categories

For technology-based startups and scaleups, with innovative solutions in healthcare services

6 winners

120,000 euros prize pot, access to the exclusive Santander X 100 community and other benefits

What are we looking for?

With this global challenge we are looking for companies with innovative solutions in the field of healthcare. We want to help health care systems adapt at the pace of the technological revolution society is experiencing.

All you have to do is apply before 11 July 2024. It’s free and you don’t need to be a Santander customer to participate. 

Apply now

There are three main areas we are seeking solutions for:

 

Technology and automation

Innovations that support the effectiveness and advances of health professionals. For example, operational function systems that save costs, resources and reduce medical errors. Development of medical devices, wearables, and the use of robotics and VR for medical training and remote surgical procedures. 

 

Operational efficiency

Innovative solutions that track and analyse the healthcare industry and help governments, companies and other stakeholders make strategic and operational decisions. We are looking for solutions that improve hospital operations, electronic record management systems for more efficient documentation and management, and data analysis to optimise resource allocation and personnel planning. 

 

Patient care

Solutions focused on patient-centred care to offer a comfortable and efficient experience from start to finish. For example, solutions that allow better patient care from home diagnosis and monitoring, to virtual appointments, autonomous medication dispensary, simplified treatment plans and personalised medicine. 

Prizes

The six winning startups and scaleups of the Santander X Global Challenge | Innovation in Healthcare will receive the following cash prizes and benefits:

Cash prize

Cash prize

€ 120,000 prize pot for the winners

 

3 startups: € 10,000 each

 

3 scaleups: € 30,000 each 

Santander X Community

Santander X 100

Membership of Santander X 100, Santander’s exclusive community for entrepreneurs which offers the most prominent startups and scaleups networking and access to the resources they need to grow. .

Connection with Fintech Station

The winning startups and scaleups will be given access to Banco Santander’s open innovation team to explore possible collaboration opportunities. 

 

Promotion

Visibility

Promotion on Banco Santander’s official social media channels. 

 

 

 

Categories

Technology-based startups and scaleups, with innovative solutions in healthcare.

 

Startup category

Legally incorporated in one of the 11 participating countries (Argentina, Brazil, Chile, Germany, Mexico, Portugal, Poland, Spain, the UK, Uruguay, and the USA)

In addition, businesses must also meet one or more of the following criteria:

  • An annual revenue which does not exceed $300,000
  • Capital raised of between $100,000 and $1 million
  • Between 2 to 25 full-time employees

 

Scaleup category

Legally incorporated for at least two years in one of the 11 participating countries (Argentina, Brazil, Chile, Germany, Mexico, Portugal, Poland, Spain, the UK, Uruguay, and the USA)

In addition, businesses must also meet one or more of the following criteria:

  • An annual revenue of over $300,000
  • More than $1 million capital raised
  • Over 25 full-time employees

Key dates

From
24
May
2024
To
11
Jul
2024
Open applications

Applications open for startups and scaleups.

27
Aug
2024
Finalist announcement

The 20 finalists will be announced; 10 startups and 10 scaleups. 

10
Sep
2024
Pitch day

The 20 finalists will be supported by international mentors to help prepare their pitches for the judging panel. 

24
Sep
2024
Awards ceremony

Announcement of the 6 winners; 3 startups and 3 scaleups.

 

Our commitment

 

Banco Santander

Banco Santander is firmly committed to progress with a pioneering and consolidated commitment to education, employability, and entrepreneurship, which it has been developing for more than 27 years and which distinguishes it from other financial institutions across the world.

Banco Santander has been recognised as one of the companies that are contributing the most to changing the world for the better, according to the ‘Change the World’ 2023 list from Fortune. To date, the bank has donated more than €2.2 billion and supported more than one million people and companies through agreements with over 1.300 universities globally. 

 

Oxentia Foundation

Oxentia grew out of Oxford University's technology transfer company, Oxford University Innovation, with the aim of providing specialised innovation management services to public and private sector customers throughout the world.

Oxentia's approach builds on Oxford's strong tradition of globally supporting early-stage innovators and entrepreneurs to promote innovative projects that impact the UN’s Sustainable Development Goals.