Global, not-for-profit members’ organisation the Pistoia Alliance has selected two start-ups, Pine Biotech and Medexprim, as grand prize winners of its 2016 President’s Startup Challenge in Boston, US.

Selected from a list of five finalists, the two start-ups will receive six months of one-to-one mentorship from a Pistoia Alliance member.

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The other three finalists were Insightomics, Monocl EGO and Pharmacelera.

Pistoia Alliance president Dr Steve Arlington said: “Both Pine Biotech and Medexprim pitched cutting-edge solutions that meet the core aim of the Pistoia Alliance, to lower the barriers which hamper innovation in life sciences R&D.

"Both Pine Biotech and Medexprim pitched cutting-edge solutions that meet the core aim of the Pistoia Alliance, to lower the barriers which hamper innovation in life sciences R&D."

“Collecting and analysing both structured and unstructured big data presents a significant challenge to the industry.

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“Meeting this challenge will demand the kind of innovative solutions that Pine Biotech and Medexprim have developed.”

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Pine Biotech and Medexprim will also receive access to Clarivate Analytics’ life science content assets for six months.

US-based Pine Biotech specialises in big data analysis and data mining in biomedicine and has developed a SaaS platform, T-BioInfo, powered by advanced machine learning capabilities.

Supporting various teams, including biologists and bioinformaticians, the platform will obtain more out of their data, and enable the discovery of molecules, vaccines, as well as new cellular pathways.

French start-up Medexprim has developed the Radiomics Enabler platform for researchers to enable them to exploit their medical image archives.

This platform automates the laborious image extraction task, and combines images with other medical information, such as lab results or genomics data.

It allows researchers to better exploit their data in research projects and reduces their time and effort.