Drug discovery and 'techbio': What Europe's health startup investors are betting on in 2023
into health and biotech startups in 2021.
Techbio is the meeting point between technology and biology. The idea is to innovate the ways in which hardware and software can speed up processes such as the discovery of new drugs, or streamlining the collection of data in drug trials. While biotech is research-based, techbio focuses on the application of technology and engineering to bring this research to market.
But many are also aware that any use of AI would be accompanied by stringent regulation, given the potential to misuse confidential patient data. Many of Europe's top investors were also cautious about startups applying AI for the sake of it, a time and cost-intensive process. Clinical data has always been important, but a wave of startups have started to monetize their collection of this data — and VCs are looking to cash in.
France Dernières Nouvelles, France Actualités
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