Artificial Intelligence
ANTA Brand Releases 5-year Strategic Targets and a 24-month Acceleration Plan LEAD TO WIN
Today, ANTA Group (stock code: 2020.HK) announced a five-year strategic targets and a 24-month acceleration plan “Lead to Win” for its ANTA brand. ANTA brand aims to achieve a 18-25% CAGR increase in retail sales in the next 5 year; making its CAGR increase of online business to over 30% and then to 40% in 2025; consolidate multi-level high-quality channels, open more stores in the first-, second- and third-tier cities, with retail sales generated from these channels accounting for over 50% of the brand’s total; double the number of stores in shopping centers; increase overall market share by 3-5 percentage points, and maintain ANTA’s leading position in Chinese sports brands.
Two strategies are at the core of ANTA Brand in the coming 24 months — rooted in performance sport and brand transformation. Through core measures such as leveraging its global sports R&D capability, winning the Generation Z, seizing the opportunities of the “Two Olympics”, accelerating DTC transition, succeeding the digitalization, maintaining the leading position of ANTA Kids brand and promoting sustainable development, ANTA aims to sharpen its competitive edge in the Chinese market in sports R&D, branding and market scale. Taking the Olympics as the high ground for brand transformation, ANTA will fully seize the historical opportunity of the Two Olympics to make ANTA the go-to performance sports brand for Chinese people.
According to Ding Shizhong, Chairman and CEO of ANTA Group, “30 years on, ANTA has maintained growth for seven consecutive years through multiple reforms and transformation and became the first place in market share in China. What is exciting is that the sportswear industry in China has entered a golden age. Taking advantage of the accumulated sports resources over the years and the love of Generation Z for Chinese brands, I believe that ANTA brand has the potential and ability to achieve accelerated growth to lead the market. ANTA will not only help national professional athletes improve their performance through our world-class R&D innovation capability but also will apply the premium-quality technology and materials to mass products to provide sports-lovers with more professional choices. ANTA is also committed to promoting sustainable development and green growth, and fulfilling social responsibilities. I believe that after over 30 years of accelerated transformation, ANTA brand will achieve rapid growth in the next 24 months and become a leading sports brand in China.”
To invest 4 billion yuan in R&D in 5 years
“Rooted in performance sports” means ANTA takes professionalism as the foundation of the brand. In the next five years, ANTA plans to invest more than 4 billion yuan in R&D to strengthen its core capabilities in technological innovation. As a brand that has sponsored eight Olympic Games and 28 Chinese national teams and owns more than 1,400 national patents, ANTA will continue to sponsor outfits for more national teams while improving innovation and R&D capabilities; at the same time, ANTA will accelerate the independent R&D and iteration of technologies for general sports products, and constantly improve the global distribution of innovation resources, especially the five design centers in China, the United States, Japan, South Korea, and Italy. ANTA will deepen the industry-university- research cooperation with universities and research institutions, such as Tsinghua University, integrate the global high-quality strategic supplier system, and establish strategic partnership with world-leading materials and chemical suppliers to build an innovative platform that is based on internal and external integration, and maintains continuous innovation in the professional sports market.
To take a lead in basketball, running and women’s series by being more professional
ANTA will continue to focus on the two core categories that can best present its professionalism: running and basketball. Meanwhile, ANTA will step up efforts to develop women’s series.
In terms of running products, upholding the concept of “Born for runners and Evolved for Runners”, ANTA will apply cutting-edge technologies to build a nitrogen technology platform and a running product matrix to make breakthroughs in high-end product lines, so as to establish ANTA as a professional sports brand. Leveraging big data, ANTA aims to provide professional outfits that is most suitable for Chinese runners of all levels through in-depth research on the feet shape and running habits of Chinese people. ANTA running will support world-class sporting events and top runners, cultivate youth runners, and support Chinese runners to compete in international events. ANTA running’s goal for 2025 is to increase the volume of running shoes from 20 million pairs to 40 million pairs.
Built on the advantages of the basketball category in the market, ANTA will continue to invest heavily in basketball products, and introduce world-class product design resources to bring the design and innovation of ANTA basketball products to a whole new level. While continuously sponsoring top international basketball stars by providing them with highest qualities products, ANTA also aim to expand its market share through our comprehensive product portfolio and investment in potential All-star team. ANTA Basketball will also vigorously develop outdoor and campus sports, invest in the “Shock the Game” IP developed by ANTA, and use junior high basketball league as an entry point to develop the campus sports in China. ANTA aims to create a basketball brand that represents the younger generation and a basketball culture of Chinese youngsters. ANTA’s goal for 2025 is to increase the volume of basketball shoes from 6 million pairs to 12 million pairs.
ANTA will step up efforts to develop women’s series. With the sports that women love as the core, ANTA will create a newly defined category driven by Innovation with Aesthetics. First, ANTA will make the best women’s trousers by applying brand new and premium technological materials, patterns and in-store displays; second, ANTA will partner with top suppliers in the industry to launch a series of popular products; third, ANTA brand will integrate R&D resources, IP crossover series, brand endorsers and other resources into design of women’s exclusive series and develop running and sports shoes aimed solely at women. The brand expect the retail sales of women’s series by 2025 will be close to 20 billion yuan.
To expand product series whose retail sales reach more than 1 billion yuan by winning Gen Z
The Generation Z who were born after 1995 are growing rapidly into one of ANTA’s main consumers. ANTA announced key initiatives to embrace the young people. First, expanding ANTA’s product series based on emerging sports favored by young people and work closely with celebrities like Wang Yibo and Gu Ailing with strong sporting attributes; second, strengthening product designs for young people, and build a platform comprised of young designers to create products that fit young people; third, strengthening ANTA interaction with young people, for example, ANTA can invite young KOLs in marketing, or taking root in the sports communities to gain further recognition.
To seize the opportunity of the “Two Olympics” and launch “ANTA Champion Stores”
ANTA focuses on seizing the opportunity of the “Two Olympics” (2020 Tokyo Summer Olympics and 2022 Beijing Winter Olympics)”. The Olympic Games is at the peak of competitive sports. ANTA will intensify investment and marketing, release the power accumulated over the years, the brand will increase our investment and introduce the brand concept of “Sports for life, Anta for China“, to highlight ANTA’s sporting spirit, build a professional sports brand image, and promote the development of national sports.
ANTA will launch brand-new “ANTA Champion Stores” in mainstream business districts in first- and second-tier cities. Through professional and quality image and products, ANTA will create a distinct feature of its own and the store is going to be a new growth driver leading the brand to make breakthroughs. The Champion Store will promote the stories of the Chinese national teams and the behind-the-scenes life of the Olympic athletes. ANTA will also introduce “Champion Series”: a full-category of high-end product series including professional sportswear products and a combination of lifestyle and leisure products which incorporate the materials and technology adopted by the national team.
To speed up the DTC transition and lead the core channels
In 2020, ANTA has launched the DTC (direct-to-consumer) transition. So far initial results have been achieved in terms of product efficiency, store efficiency, and human efficiency. In the next 24 months, ANTA expects the contribution of DTC business to the total retail sales to reach 70% and store efficiency to increase by 40%. On the one hand, ANTA will implement channel transformation and lead the core channels: increase the proportion of mainstream channels by increasing our presence in first- to third-tier cities as well as increase the number of stores in shopping malls with growing CAGR to over 30%; on the other hand, ANTA will improve product efficiency through enhancing the omni-channel, strengthening the fast replenishment model and integration of omni-channel and products, to improve product efficiency.
To win the digitalization with an investment of over 400 million yuan in 24 months
Digitization is the key driver of DTC’s transformation. ANTA brand plans to invest more than 400 million yuan in the next two years to enhance its digital capabilities. On the one hand, it will strengthen the operation and content production of its own media platforms such as its official website, optimize the whole journey management of each consumer touch point, and enhance consumer stickiness; on the other hand, ANTA continues to strengthen its membership system to enhance the value of the membership experience and maintain the diversity of different platforms. By 2025, ANTA plans to double the number of its members to 120 million, with the member contribution rate reaching 70% and the member repurchase rate 40%; optimize the private traffic system through livestream ecommerce and KOL to increase the proportion of retail sales generated from this sector from less than 10% to over 20%; improve product efficiency through digital revolution, and increase the five-month sell-out ratio to 75% in the following 24 months. At the same time, ANTA will strengthen the intelligence of production and supply chains, so that products can be delivered to consumers faster and more efficiently.
To consolidate the leading position of ANTA Kids
ANTA Kids’ development strategy takes children’s exclusive sports technology and omni-channel operation efficiency as its core competitiveness. It plans to maintain sustained high growth online and offline, and improve the efficiency of omni-channel operation by integrating omni-channel crowd operations and membership marketing in online and offline stores. In the coming five years, Anta Kids aims to maintain high growth in store efficiency with online business accounting for over 40% of its total. The market share is expected to increase significantly, and ANTA Kids’ leading position in the children’s sportswear market will be consolidated.
Anta Kids will work with research institutions to increase the R&D of exclusive technology for children’s sports protection and promotion, and become an industry pioneer in the research on the data of children’s foot shape and posture while doing sports; develop products for four major scenes, that is, “running, outdoor activities, basketball, and football” and apply more technologies in children’s sports protection; at the same time, by sponsoring children’s sports events and training camps, Anta Kids tries to be a leader in the development of children’s healthy sports. In terms of channels, Anta Kids will continue to increase the proportion of stores in shopping malls and the number of integrated stores, and realize “one family, one-stop” shopping experience.
To promote sustainability and sports welfare
ANTA also announced its plan to continue to promote the R&D and innovation of sustainable and eco-friendly products. Besides publishing ESG reports for five consecutive years, ANTA also set its clear ESG goals and its aim to strengthen cooperation with international environmental protection organizations. ANTA has worked jointly with WWF, the world’s largest environmental protection organization, leveraging its global network and resources, and in accordance with the United Nations SDGs, to participate in the continuous improvement of water, energy utilization, waste discharge and supply chain management of over 3000 large-scale textile suppliers. Also, it will join hands with hundreds of millions of consumers to protect biodiversity worldwide and encourage the use of renewable and eco-friendly materials in plastic packaging bags. In terms of social responsibility, ANTA will continue to invest over 600 million yuan in the next three years in the “Happy & Healthy Growth Charity Program” that benefits a total of 7 million young people in underdeveloped areas, and participating in China’s rural revitalization through sports welfare.
SOURCE ANTA Group
Artificial Intelligence
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
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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Artificial Intelligence
J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit
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
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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