xCARE Inc. (Head office: Chuo-ku, Tokyo; Founder ＆CEO: Masaru Fukunaga), a start-upcompany that operates a platform for medical industry-specific experts, hassigned a “letter of collaboration” with German Entrepreneurship Asia Pte Ltd(GEA) to formalize their partnership. xCare will provide their knowledge andexpertise to German medical start-ups within the program who are looking toexpand their business in Japan.
Purpose of the Alliance
GEA has been running various programs, including anaccelerator program for German start-ups to expand into Japan. GEA has decidedto collaborate with xCARE to strengthen their program offerings. The objective of xCARE is to support thecommercialization of excellent overseas technologies in Japan by using their“Medical Experts platform”. The partnership between the two companies alsohopes to further boost the medical industry in Japan.
a. Planning and organizing Accelerator programsfor German startups to enter the Japanese market.
a. Provide information on relevant Japaneseindustry trends, market conditions, and so on to participating startups duringwebinars and seminar sessions at GEA-sponsored programs.
b. Utilize the "Experts Platform" tohelp participating startups gain a deeper understanding of the relevant Japanesemarket with mentors, industry experts, stakeholders, and potential partners,especially in the Japanese industry.
Image of partnership
Background of Business Alliance
xCARE has been promotingglobal business expansion this year, and as part of this effort, we haveconcluded this alliance. Mr. Masahide Azuma, in charge of global business, whojoined xCARE in January 2023, promoted this alliance.
Claus Karthe-CEO & Co-Founder, GEA Comments
Our German startups havealways viewed Japan as a critical market for growth and expansion, and we arecommitted to providing them with the best possible support to help themsucceed. By partnering with xCARE, we can further enhance our support and offerour startups the resources and knowledge they need to thrive in the medicalindustry. We are excited about the possibilities this partnership brings andlook forward to helping our startups achieve success in Japan.
Masaru Fukunaga-Founder & CEO, xCARE Inc.
We have always been interestedin Germany, where startup companies developing medical equipment and othermedical products are active and growing rapidly, and we wanted to create asystem that would facilitate the inflow of companies with good products toJapan. We will continue to contribute as a platform that can contribute to theJapanese medical field and patients by supporting the entry of goodtechnologies from overseas start-ups into the Japanese market.
German Entrepreneurship Company Profile
German Entrepreneurship Asiais an innovation services provider specialized in building collaborationstructures between governments, corporates, investors, and startups in theinnovation ecosystems of Asia and Europe. We facilitate global market expansionfor startups and develop them into internationally recognized and successfulventures. We are responsible for the execution of GermanAccelerator within Asia, funded by theGerman Federal Ministry for Economic Affairs and Climate Action, to empowerhigh potential German startups to discover and access markets in this region,and Scaler8, a tailored service for startups and SMEs from around the globe toexplore, prepare and access new markets with bespoke international expansionstrategies and cross-border open innovation where corporates collaborate withstartups and SMEs to develop innovative solutions jointly.
xCARE Company Profile
A start-up company that provides industry-specific development andregulatory issue resolution and implementation support services by experts platform specializing in themedical industry, including pharmaceuticals, medical devices, and regenerativemedicine products, and utilizing registered experts. One year after its establishment,the company now has over 150 domestic and international Experts registered andthey have provided support to over 30 companies. Major clients includecompanies entering the medical industry as new businesses, bio ventures, andmedical device start-ups. Registered professionals are made up of side hires andfreelancers, and range from those with high-level expertise to those who areable to do hands-on work.