|Takeda Supports Launch of Five-Year, $1M Initiative Spearheaded by the Massachusetts Life Sciences Center to Back Women-Driven Early Stage Companies|
− Competitive Program to Award Two Recipients Annually with Funding and Mentorship –
Cambridge, Mass., November 10, 2017 – Takeda Pharmaceutical Company Limited (TSE:4502) today announced its support of the launch of the MassNextGen initiative, a five-year, $1M program anchored by Takeda and matched by the Massachusetts Life Sciences Center (MLSC), to support women-led or controlled early-stage biotech companies. This highly competitive program aims to provide a year-long customized package of support that includes funding and executive coaching. The announcement was made today at Takeda Boston, which included Massachusetts Governor Charles Baker.
“Despite being essential members of the life sciences industry, women continue to be underrepresented, including at the executive level in which there remains a large gender gap,” said Christophe Bianchi M.D., President, Takeda Global Oncology Business Unit, Takeda Boston Site Head. “As an organization committed to diversity and inclusion, our contributions to the MassNextGen program and collaboration with the Massachusetts Life Sciences Center will further elevate the innovations that are being created by women-led companies, which have strong potential to make a difference in the future of our industry and the lives of patients.”
“The strength of startup life sciences companies is critical to Massachusetts innovation economy and we are committed to building diversity and empowering more women entrepreneurs in this growing field,” said Governor Charlie Baker. “This initiative will help more women-led companies to thrive, leveraging additional sources of capital and support to create new jobs and bring cutting edge innovation to the marketplace.”
Each year, beginning in January 2018, a panel of judges comprised of representatives from MLSC, Takeda and the Executive Coaching network will select two women-owned/controlled early-stage companies to receive a year-long customized package of support through the MassNextGen program. The criteria used to determine winners will include level of involvement of women in the conception, strategy and execution of the company, the proposed use of the funds and the business plan feasibility. Each customized package will include both funding and access to a network of executive coaches that will help support, advise, and mentor the recipients.
Proposals for the first year of the program are due in February. For more information about the MassNextGen program, please visit: www.masslifesciences.com/programs/massnextgen
About Takeda Pharmaceutical Company
Additional information about Takeda is available through its corporate website, www.takeda.com, and additional information about Takeda Oncology, the brand for the global oncology business unit of Takeda Pharmaceutical Company Limited, is available through its website, www.takedaoncology.com.