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German insurers will invest €100 million in digital startups

The German Private Health Insurance Association (PKV) is launching a new venture fund with a capital of €100 million, EU-Startups.com reports.
German insurers will invest €100 million in digital startups

The foundation will support start-ups developing digital innovations for the healthcare sector, focusing on such areas as digital healthcare applications, telemedicine, digital prevention and healthcare digitalization.

Digital health investors of Berlin, Heartbeat Labs and Flying Health will manage the new fund. These companies have been working on the digitalization of the German healthcare system for several years.

Heartbeat Labs is a digital medical platform that brings together entrepreneurs, technical experts and doctors; it has established six entities and invested in nine more digital healthcare companies since 2017. Flying Health Company has become the leading digital ecosystem in the healthcare industry starting 2012, and is developing digital healthcare models with renowned industry players.

There are four types of social insurance: pension, medical, unemployment and industrial accidents in Germany. Social insurance contributions are set as a percentage from the wage fund and for pension insurance it is – 18%, medical insurance – 13%, and insurance for unemployment - 6%. Accident insurance is provided by the employer; the contribution here depends on the risk degree.

Source: https://www.eu-startups.com/2019/09/german-health-insurance-group-to-launch-e100-million-fund-heal-capital-to-invest-in-digital-health-startups/

Photos are from open sources.

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