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Global Biometric Technologies Market Share, Trends, Size, Players, Statics, Facts, Opportunity & Forecast (2024-2031) | Pheonix Research

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NEW YORK, April 29, 2024 /PRNewswire/ — 

Market Overview
The Global Biometric Technologies Market is expected to grow at a compound annual growth rate (CAGR) of around 12% between 2024 and 2031, from an estimated USD 38 billion in 2023 to approximately USD 120 billion by 2031. Our study report provides a comprehensive understanding of the factors driving and restraining the Biometric Technologies Market, as well as their impact on demand throughout the forecast period. Also, the report examines global opportunities and competitive analysis for the Biometric Technologies Market.
Request Sample Report: https://www.pheonixresearch.com/market-report/biometric-technologies-market/
Product Innovation and Development: Companies allocate significant resources to research and development, focusing on creating innovative biometric solutions that offer heightened accuracy, security, and user experience. This entails advancements in fingerprint recognition, facial recognition, iris recognition, voice recognition, and other emerging modalities.Partnerships and Collaborations: Many firms forge strategic partnerships with technology counterparts, government entities, or industry stakeholders to expand market reach, access new customer segments, and integrate biometric solutions into broader systems or applications.Acquisitions and Mergers: Larger players often opt for acquiring smaller biometric technology firms to gain access to their intellectual property, talent pool, or customer base. Such mergers and acquisitions serve to fortify market positions, diversify product portfolios, and achieve economies of scale.Vertical Integration: Some companies vertically integrate their operations by overseeing various stages of the biometric technology supply chain, from component manufacturing to system integration and deployment. This strategy streamlines processes, reduces costs, and ensures quality control.Global Expansion: Recognizing the burgeoning demand for biometric solutions worldwide, companies expand their presence across different geographic regions through direct sales, partnerships, or subsidiaries. This enables them to cater to local market nuances and comply with regional regulations.Emphasis on Cybersecurity: Given the sensitivity of biometric data, companies prioritize cybersecurity measures to safeguard against unauthorized access, data breaches, and identity theft. Robust encryption, authentication protocols, and compliance with industry standards and regulations such as GDPR and CCPA are paramount.Customization and Tailored Solutions: Companies offer bespoke biometric solutions tailored to specific industry verticals or client requirements. This may include solutions designed for government agencies, financial institutions, healthcare providers, or enterprise businesses, each with distinct security and operational needs.User Education and Awareness: Recognizing the novelty of biometric technologies for some users and the associated privacy and security concerns, companies invest in educating consumers, businesses, and policymakers about the benefits, limitations, and ethical considerations of biometric authentication.Subscription and Service Models: Some companies adopt subscription-based or service-oriented business models, offering biometric authentication as a service (BaaS) or software-as-a-service (SaaS). This allows customers to access advanced biometric capabilities without significant upfront investments in hardware or infrastructure.Compliance and Standards Adherence: Companies ensure their biometric solutions comply with industry standards, certifications, and regulatory requirements to foster trust among customers and demonstrate a commitment to privacy, data protection, and ethical use of biometric data.Report Scope
The Global Biometric Technologies market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by component, type, authentication, end-user, and geography.
Base Year
2023
Forecast Period
2024-2031
Report Coverage
Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Key Market Dynamics
Security Concerns: Heightened security threats across various sectors such as finance, healthcare, government, and transportation have necessitated robust authentication measures. Biometric technologies offer a more secure alternative to traditional methods like passwords or PINs, as they are inherently linked to an individual’s unique physiological or behavioral characteristics.Regulatory Requirements: Stringent regulatory mandates and compliance standards, particularly in industries handling sensitive information (e.g., GDPR in Europe, HIPAA in healthcare), are driving the adoption of biometric solutions. Compliance with these regulations often necessitates the implementation of advanced security measures, including biometric authentication.Convenience and User Experience: Biometric authentication provides a seamless and user-friendly experience compared to traditional methods. Users appreciate the convenience of accessing devices or systems without the need to remember passwords or carry physical tokens. This convenience factor is driving widespread adoption, especially in consumer-facing applications like smartphones and wearable devices.Cost Efficiency: As biometric technologies mature and become more widespread, the cost of implementing and deploying these solutions has decreased. This trend makes biometric authentication more accessible to organizations of all sizes, driving adoption across various industries and applications.Technological Advancements: Continuous advancements in biometric technologies, such as improved accuracy, speed, and reliability, are expanding the potential applications of biometrics. Emerging modalities like facial recognition, iris scanning, and vein recognition are enabling new use cases in sectors ranging from law enforcement to healthcare to retail.Fraud Mitigation: Biometric authentication offers a potent defense against identity theft, fraud, and unauthorized access. The unique biological characteristics used in biometric systems make it extremely difficult for fraudsters to impersonate individuals, reducing instances of fraudulent activities and financial losses for organizations.Increasing Adoption of Digital Transformation Initiatives: The ongoing digital transformation across industries is driving the need for secure and seamless authentication solutions. Biometric technologies play a crucial role in enabling digital initiatives such as e-commerce, online banking, telemedicine, and remote work by providing secure access to digital resources and services.Growing Mobile and Internet Usage: The proliferation of smartphones, tablets, and other connected devices, coupled with the increasing penetration of the internet, has created a fertile ground for biometric authentication. Mobile devices with built-in biometric sensors, such as fingerprint scanners and facial recognition cameras, have become ubiquitous, driving consumer familiarity and acceptance of biometric technology.COVID-19 Pandemic Accelerating Contactless Solutions: The COVID-19 pandemic has accelerated the adoption of contactless technologies across various sectors to minimize physical contact and reduce the risk of virus transmission. Biometric authentication, particularly contactless modalities like facial recognition and iris scanning, has gained traction as organizations seek safer and more hygienic authentication methods.Demand for Enhanced Privacy and Data Security: With growing concerns about data privacy and security, consumers and organizations alike are increasingly turning to biometric technologies as a more secure alternative to traditional authentication methods. Biometric data, when properly protected and encrypted, offers a higher level of security and privacy compared to passwords or tokens, driving its adoption in sensitive applications.Request for Customized Report: https://www.pheonixresearch.com/market-report/biometric-technologies-market/
Government & Law Enforcement Segment Led the Biometric Technologies Market in 2023
Based on end-user, the global Biometric Technologies market is segmented into Government & Law Enforcement, BFSI, Healthcare, Defense & Security, and Others. The Government & Law Enforcement segment led the global Biometric Technologies market in 2023.National Security Concerns: Government agencies and law enforcement bodies are tasked with safeguarding national security interests, which necessitates robust identification and authentication measures. Biometric technologies offer a highly reliable and secure method of verifying individuals’ identities, aiding in the prevention of crime, terrorism, and unauthorized access to sensitive locations or information.Border Control and Immigration: Biometric systems play a critical role in border control and immigration processes by accurately identifying travelers, verifying their identities, and enhancing security at ports of entry. Biometric modalities such as facial recognition, iris scanning, and fingerprinting are deployed to strengthen border security, monitor international travel, and detect individuals on watchlists or with fraudulent documents.Criminal Identification and Investigation: Law enforcement agencies leverage biometric technologies for criminal identification and investigation purposes. Biometric databases containing fingerprints, facial images, and other biometric data help authorities identify suspects, link criminal activities, and solve crimes more efficiently. This capability is particularly valuable in cases involving identity theft, fraud, missing persons, and forensic analysis.National ID Programs: Many governments implement national identification (ID) programs to provide citizens with secure and tamper-proof identity credentials. Biometric technologies, such as fingerprint or iris recognition, are integrated into national ID cards or databases to ensure the uniqueness and authenticity of individuals’ identities. These programs enhance government service delivery, improve voter registration processes, and combat identity-related fraud and crime.Access Control to Secure Facilities: Government facilities, military installations, and high-security buildings require stringent access control measures to protect classified information and sensitive assets. Biometric access control systems, incorporating modalities like fingerprint or palm vein recognition, are deployed to authenticate authorized personnel, restrict unauthorized entry, and prevent insider threats.Public Safety and Emergency Response: Biometric technologies support public safety initiatives by enabling rapid and accurate identification of individuals in emergency situations, natural disasters, or mass casualty events. Biometric-enabled solutions aid first responders, medical personnel, and disaster relief agencies in quickly identifying victims, reuniting families, and coordinating rescue efforts.Regulatory Mandates and Compliance: Governments worldwide enact regulations and mandates requiring the use of biometric technologies for various purposes, such as voter authentication, citizen registration, or law enforcement activities. Compliance with these regulations drives the adoption of biometric solutions within government agencies and law enforcement organizations, further bolstering the segment’s dominance in the market.Investments in Technology and Infrastructure: Governments allocate significant resources to invest in biometric technology research, development, and infrastructure. This includes funding for biometric research labs, pilot projects, and the procurement of biometric systems and equipment. Such investments facilitate the deployment of advanced biometric solutions and contribute to the segment’s leadership position in the market.North America Led the Biometric Technologies Market in 2023
Early Adoption and Technological Advancements: North America, particularly the United States, has been at the forefront of biometric technology adoption for security, identification, and authentication purposes. The region boasts a strong ecosystem of technology companies, research institutions, and government agencies driving innovation in biometric solutions. Technological advancements and early adoption have positioned North America as a leader in developing and deploying cutting-edge biometric technologies.Government Initiatives and Investments: Government initiatives and investments play a significant role in driving the adoption of biometric technologies in North America. Federal agencies, such as the Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI), have spearheaded biometric initiatives for border security, law enforcement, and national security purposes. Funding for research and development, pilot projects, and procurement of biometric systems contribute to the region’s leadership in the market.Stringent Security Regulations and Compliance Requirements: North America is subject to stringent security regulations and compliance requirements across various industries, including finance, healthcare, government, and transportation. Regulations such as the Health Insurance Portability and Accountability Act (HIPAA), the Federal Information Security Management Act (FISMA), and the Real ID Act drive the adoption of biometric solutions for identity verification, access control, and data protection. Compliance mandates create a conducive environment for the deployment of biometric technologies, further propelling market growth in the region.High Demand for Consumer Electronics and Mobile Devices: The North American market exhibits a high demand for consumer electronics and mobile devices equipped with biometric authentication features. Biometric technologies such as fingerprint sensors, facial recognition cameras, and voice recognition systems are integrated into smartphones, tablets, laptops, and wearable devices for secure access and authentication. The widespread adoption of biometric-enabled consumer devices contributes to the region’s leadership in biometric technology adoption.Strong Presence of Key Market Players: North America hosts several leading biometric technology companies, including manufacturers, solution providers, and software developers. Companies based in the region benefit from access to a large customer base, robust infrastructure, and a supportive regulatory environment. The presence of key market players fosters innovation, competition, and collaboration, driving market leadership in North America.Growing Applications Across Industries: Biometric technologies find applications across diverse industries in North America, including government, banking, healthcare, retail, transportation, and hospitality. The growing demand for secure authentication, identity verification, and access control drives the adoption of biometric solutions across these sectors. Use cases such as airport security, financial transactions, patient identification, and employee authentication contribute to the region’s dominance in the biometric technologies market.Competitive Landscape
Key players in the biometric technologies market have a global presence, with operations spanning multiple geographic regions. Expansion into emerging markets and strategic partnerships with local distributors or technology integrators enable companies to tap into new growth opportunities and broaden their customer base.
2023: American Express has revealed intentions to test facial and fingerprint recognition technologies for user authentication during online checkouts in the United States.2023: Mastercard has partnered with NEC to introduce biometric checkout services in the Asia Pacific region. This collaboration merges NEC’s facial recognition and liveness verification technology with Mastercard’s payment infrastructure. The initiative arises amidst growing acceptance of biometrics by both consumers and businesses.Speak to Research Analyst: https://www.pheonixresearch.com/market-report/biometric-technologies-market/
List of the prominent players in the Global Biometric Technologies Market:
NEC CorporationGemalto NV (Thales Group)IDEMIAAware Inc.BIO-key International Inc.Fingerprint Cards ABHID Global CorporationCrossmatch (acquired by HID Global)Suprema Inc.Morpho (Safran Identity & Security, now part of IDEMIA)The global Biometric Technologies Market is segmented as follows:
By Component
HardwareSoftwareServivesBy Type
ContactContactlessHybridBy Authentication
Single Factor AuthenticationMulti-factor AuthenticationBy End User
Government & Law EnforcementBFSIHealthcareDefense & SecurityOthersBy Region/Geography
North AmericaU.S.CanadaMexicoEuropeFranceUKSpainGermanyItalyRest of EuropeAsia PacificChinaJapanIndiaAustraliaSouth KoreaRest of Asia PacificThe Middle East & AfricaSaudi ArabiaUAESouth AfricaRest of the Middle East & AfricaLatin AmericaBrazilArgentinaRest of Latin AmericaFrequently Asked Questions (FAQs):
What is the existing size of the Biometric Technologies Market?What will be the CAGR of the global Biometric Technologies Market?Who are the top players operating in the Biometric Technologies Market?What are the driving factors of the Biometric Technologies Market?Which region will dominate the global Biometric Technologies Market?Read Full Report description & TOC Here: https://www.pheonixresearch.com/market-report/biometric-technologies-market/
Contact Us:Pheonix ResearchPhone/Whatsapp: (+91) 8817 621 665E-mail: [email protected], [email protected]: www.pheonixresearch.comLinkedIn: https://www.linkedin.com/company/pheonix-research
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More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024

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Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.

The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
 “Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases. 
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
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J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit

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In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.

In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation. 
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.” 
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.

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Artificial Intelligence

Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

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SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.

Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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View original content:https://www.prnewswire.co.uk/news-releases/congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024-302148973.html

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