How is a health company championing innovation?
Bayer is a German multinational pharmaceutical and life sciences company with a more than 150-year history. The Bayer Cares Foundation recently presented the 2018 Aspirin Social Innovation Awards to five international initiatives for their groundbreaking ideas in the fields of healthcare and nutrition.
Bayer Cares Foundation
As the social impact foundation of the innovation company Bayer, the Bayer Cares Foundation programs are focused on people and their commitment to societal progress. The foundation’s funding activities are a central element of Bayer’s global corporate societal engagement (CSE) consisting of around EUR 50 million annually.
The Aspirin Social Innovation Award is an international excellence prize for social impact entrepreneurs whose innovations help to improve healthcare or combat hunger. The award-winners are all pioneers whose concepts have the potential to bring about sustainable, systematic changes to improve the living conditions of hundreds of millions of people worldwide. Each award-winner receives EUR 20,000 in prize money to further enhance the impact of their ideas. In addition, since 2010, 39 organizations have been selected and supported by around EUR 650,000.
By 2050, an estimated 150 million people will be living with Alzheimer’s, and caring for these patients will present a massive challenge to healthcare systems worldwide. An Aspirin Social Innovation Award winner 2018, Timeless is an easy-to-use smartphone app. It was initially invented by 15-year-old Emma Yang for her grandmother to use and helps Alzheimer’s sufferers to remember events, remain engaged, and stay connected with friends and family.
“This story shows how Bayer supports Goal 3: Good Health and Well-Being, specifically Target 3.C: “Substantially increase health financing and the recruitment, development, training and retention of the health workforce in developing countries, especially in least developed countries and small island developing States.”
Bayer is a German multinational pharmaceutical and life sciences company with a more than 150-year history. Through their innovative products, they are contributing to finding solutions to some of the major challenges of our time.
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