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Fosun Launches Fourth Edition of Its Acceleration Program “Protechting”

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Fostering an Innovation Culture

New edition of the program is more international and with an alignment in the themes of sustainable development with social, economic and environmental impact, focusing on three strategic synergies: Healthtech, Insurtech and Fintech. The Portuguese health care group, Luz Saude, and the German private bank Hauck & Aufhauser will reinforce their participation in the program.

LISBON, PortugalJuly 4, 2019 /PRNewswire/ — Fosun and its portfolio companies Fidelidade, Luz Saude and  Hauck & Aufhauser launched the fourth edition of the startups acceleration program – Protechting – which aims to support the development of international projects which contribute to improve the protection of people in strategic areas, such as Healthtech, Insurtech and Fintech, but with an increased concern on sustainable development issues.

The Protechting program, developed with the support of Beta-i, aims to foster a culture of innovation acceptance and development, enabling access to important resources for the evolution and materialization of business ideas.

As a result of the first three editions, 33 startup pilot projects continue to maintain collaboration with Fosun’s portfolio companies and, so far, five startups have signed commercial agreements, contributing to the creation and implementation of innovative solutions.

Following the success of previous editions, this fourth edition, dedicated to the promotion of international entrepreneurship, strengthens its global scope. Luz Saude, one of the largest Portuguese health care groups, will reinforce its participation in the program, as well as the German private bank Hauck & Aufhauser. The Peruvian insurer La Positiva Seguros y Reaseguros will join for the first time.

In this edition of the acceleration program, Fosun and its portfolio companies also aim to attract Healthtech, Insurtech and Fintech that bring a sustainable approach to their business model.

In order to continue to attract global startups, Protechting 4.0 will also promote international scouting activities during the scouting phase, together with partners and in entrepreneurial events in South AmericaAfricaEurope, Chinese Mainland and Chinese Macao.

According to Guo Guangchang, Chairman of Fosun, “Innovation makes the world develop and human beings progress. For companies, the importance of innovation is even more evident. Through Protechting, startups are bringing innovation in areas Fosun and its portfolio companies can all relate to. As long as we really invest more in innovation, we will have more opportunities in the future”.

Jorge Magalhaes Correia, CEO of Fidelidade and Global Partner of Fosun states “with the launch of Protechting 4.0 we consolidate our program in the international context, extending the geographic scope to the countries and regions where Fidelidade is present, such as Peru and Macao. This year’s edition will also focus on social entrepreneurship, seeking to integrate startups with added value to the community in terms of social sustainability”.

For Isabel Vaz, CEO of Luz Saude“As a key partner of the Protechting Program, the Hospital da Luz Learning Health has ensured and promoted connections between startups and health professionals with obvious success, achieving effective results in creating value for patients. Protechting 4.0 allows us to continue to be close to the most innovative solutions in the areas of international healthcare and health management. It is a challenge to which we are proud to be associated from the beginning“.

“At H&A we strongly believe in the value of entrepreneurship and we are a proud partner of this year’s edition. Protechting provides the unique opportunity to accelerate change and to turn ideas into action. We look forward to best-in-class RegTech and WealthTech solutions supporting us on our digital transformation”, Michael Bentlage, CEO of Hauck & Aufhauser, stated.

The applications of the fourth edition of Protechting will be open from July to September. The selection phase will take place between September and October and the Pitch Day to access the Bootcamp will take place in November.

Protechting 4.0’s top three final projects will be awarded a roadshow in China, with access to some of the world’s largest investors. The winner, with the best business project, will  be awarded with a monetary prize of 10 thousand euros.

Positioning itself more and more as an international acceleration program reference, Protechting has staged three editions and attracted a total of 494 startups from 42 countries.

 

SOURCE Fosun

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

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Ottonomy.IO Unveils High Information Navigation Mapping for Autonomous Robots at NVIDIA GTC 2022

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CTO & Co-Founder Pradyot Korupolu of leading autonomous delivery robotics company, Ottonomy.IO, will be presenting at the NVIDIA GTC 2022 virtual conference. In his session he will discuss autonomous navigation solutions in the event’s “Automotive transportation-autonomous robotics” Industry segment, focusing on moving towards high information navigation maps.

The consumer facing retail and restaurant industry has seen a huge surge in robots operating in everyday, regular human environments (both indoors and outdoors). Ottonomy.IO has deployed robots in multiple consumer environments including airports, retail spaces and campuses.

“With a strong track record in autonomous driving technologies, our team has been able to translate principles of vehicle autonomy to near-term practical use cases for consumer environments,” says Pradyot. “Leveraging high information maps as an input to our contextual navigation engine, Ottonomy.IO has the most robust navigation suite running in live conditions for both indoor and outdoor navigation for restaurants, retail spaces and airports.”

While new use cases are on the rise, data sets are still limited. Pradyot will discuss fusion tools and techniques that Ottonomy.IO’s delivery robots use to bridge this gap, while operating safely and efficiently in crowded and complicated environments. The presentation at the conference will be in the Automotive Transportation-Autonomous Robotics track of NVidia’s 2022 conference addressing “efficient camera and lidar fusion” as a way to get high-Information navigation maps.

These high information maps achieve several objectives:

  • Thin layer of condensed information maps useful for intelligent navigation.
  • Optimized for edge hardware running the mapping and localization pipelines.
  • Real-time fusion of multimodal sensors, specifically 3D lidars and RGB cameras.
  • Navigation maps that combine both metric and semantic distance.
  • information of the environment as an input to Ottonomy’s Contextual Navigation.

You can view Ottonomy.IO’s presentation at NVidia GTC 2022 on Wednesday, March 23, 2022 at 10:00a.m. EST. To gain access to the session, register for NVIDIA GTC conference here.

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Artificial Intelligence

Algonomy to Unveil Its Algorithmic Decisioning Platform that Drives Real-time Customer Engagement at Scale During Retail’s BIG Show 2022

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Algonomy, a leader in algorithmic decisioning, will showcase its expanded platform that features new and advanced uses of AI that enable real-time customer engagement during the National Retail Federation’s Annual Convention and Trade Show at the Jacob K. Javits Center from Jan. 16-18, 2022.

Working with some of the world’s largest brands such as eBay, McDonald’s, Price Chopper, Tiffany & Co., Pizza Hut, Domino’s, HP and Boots, Algonomy leads the industry when it comes to creating a data-centric single view of today’s digitally native consumer, and decisioning intelligence to drive hyper-personalized engagement.

The retail technology solution partner will have several demonstrations for marketing, commerce and merchandising leaders available in its booth (#6403) throughout the three-day exhibition, including:

Social Proof Messaging

One of the main highlights of the company’s latest release is Social Proofing, technology that gives retailers the ability to build credibility and aid consumer decisions using social approval. Social Proofing offers a way to create trust, urgency and reliability during the shopping journey and is algorithmically optimized in real-time to provide shoppers critical information on trending products through views, purchases, inventory levels and more. The product is enterprise grade and self-serve for marketers.

Visual AI Deep Recommendations

Visual AI helps companies replicate in-store personal shopping experiences on digital commerce properties, and uses deep learning to help online shoppers find products that resemble what they like and also get complete-the-look recommendations. Using product images that do not require historical events and behavioral data to generate relevant product recommendations, Visual AI is unlike traditional recommender engines.

Real-Time Customer Data Platform

The CDP is the foundation of the company’s Algorithmic Decisioning Platform, enabling intelligence-infused decisions by integrating demand and supply to create granular customer segments. In addition to identity resolution and built-in customer analytics, this enhanced version comes with real-time capabilities such as data ingestion, profile updates, audience discovery, decisioning intelligence, and audience activation.

Algorithmic Catalog Enrichment

This new capability will help e-commerce retailers create rich high-quality product catalogs, thereby helping shoppers select products that meet their nuanced requirements. Algorithmic Catalog Enrichment also uses deep learning and image-based feature extraction techniques to automatically identify product attributes and metadata from descriptions and images. In addition to reducing the burden of manually updating product attributes, a well-developed catalog improves product discovery and search results, and eases shopper decision-making, leading to higher conversions and reduced instances of product returns.

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Artificial Intelligence

As organizations look to respond to COVID-19, Avanade launches tool to help businesses accelerate their adoption of artificial intelligence

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Companies looking to recover from the COVID-19 pandemic should focus on accelerating their adoption of artificial intelligence (AI) to improve resilience and prepare for the future, according to Avanade, the leading digital innovator on the Microsoft ecosystem.

Newly published research carried out for Avanade by independent research firm Vanson Bourne, shows that only one percent of companies are fully “AI Mature”. But those who are successful in fully integrating AI into their businesses can experience up to five times return on investment through a combination of increased productivity, improved process efficiency and lower operating costs.

To help companies assess where they are on their AI journey and rethink how to accelerate it, Avanade has developed a specialized tool that measures an organization’s AI maturity across five key areas of AI adoption, including:

  • AI Strategy
  • AI Talent & Culture
  • Digital Ethics
  • Data Supply Chain and Analytics
  • Technology and Process

The tool then uses the assessment information, together with data collected from the Avanade AI Maturity Survey of 1700 senior business and IT decision-makers across 15 countries, to plot the company’s position and highlight key areas to develop and insert AI for business optimization.

“While uncertainties around the human impact of AI have diminished significantly in recent years, most companies are still grappling with how to implement it to achieve meaningful, sustainable business outcomes,” said Simon Thomas, Avanade Data and AI lead. “With business resilience currently being tested to its fullest, organizations need to rethink and accelerate their integration of AI to take full advantage of it benefits, whatever the future holds. Our AI assessment tool can help them start and take that journey.”

Avanade’s research showed that while most companies recognize the potential of AI to have a positive impact on their businesses, many executives are struggling to successfully implement it:

  • AI Strategy:  95% of respondents find AI is critical but a third (32%) cite building AI strategy as one of the top three barriers, and a similar amount (35%) are looking externally to get help creating their strategy.
  • Talent and Culture:  80% of respondents agree that business culture and change are THE make or break for AI’s long-term success, and over half (54%) are struggling with recruiting AI talent and/or shifting their culture.
  • Digital Ethics: 96% find that ensuring “digital ethics by design” is necessary to implement AI and 66% are implementing a digital ethics framework.
  • Technology and Process:  61% of respondents have experimented with automation and advanced analytics, with half of those using computer vision (35%) or virtual agents (34%).
  • Data Supply Chain: 65% of organizations say that their data quality needs improvement.

Summaries highlighting each of the five areas explored by Avanade’s research are available on Avanade.com.

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