Cambridge, 16 February 2016 ... Repositive Limited, a software company developing novel tools to improve access to human genomic research data, has been announced as a winner of the inaugural 2015 Pistoia Alliance President’s Start Up Challenge.
The Pistoia Alliance is a global organization which supports innovation in life sciences. The Alliance works with a number of companies and organisations ranging from small start-ups to large multinationals, with the aim of lowering barriers to innovation and improving the efficiency, effectiveness and success of life sciences R&D.
Repositive will receive a cash prize of US$15,000 and a period of six months of expert mentorship from a senior industry figure drawn from the senior Pistoia Alliance members in pharma and life sciences R&D.
Repositive has been named as joint winners alongside Novaseek, having competed against over 30 contestants from around the world, who submitted their business proposals and five finalists who submitted video entries for the final judging. To see Repositive’s winning video entry go to http://www.pistoiaalliance.org/presidents-startup-challenge-finalist-video-repositive-limited/
Fiona Nielsen, CEO of Repositive, said: “We are delighted to have won this prize. Repositive has made great progress thanks to the feedback of our partners and users, and winning this award is a strong validation of the value we bring to the genomics R&D industry – especially for facilitating pre-competitive data collaborations and simplifying data access. I am also pleased to see the Pistoia Alliance supporting an increasing range of companies across the life sciences sector through initiatives such as this.”
Dr Steve Arlington, President of the Pistoia Alliance, said: “My congratulations to Repositive and Novaseek for their success in winning the top prize. Both companies have developed excellent technologies which support the Pistoia Alliance’s core aim of supporting innovation in life sciences research and development. Start-up companies are a major part of the future of the life sciences industry, and the two winners of the Pistoia Alliance President’s Challenge are excellent examples of how the demand for new ideas and approaches is being met by the start-up community. All the entries we received were of a very high standard and our judges had a tough task choosing between them.”
The winning of this contest builds on an already strong 2016 for Repositive which has seen the company raise additional seed funding of £500,000 and secure a partnership with XpressOmics.
