Astamuse Co., Ltd.
The latest research on “workplace health” and trends in startup companies ……
Astamuse Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President and CEO Ayumu Nagai) is an innovation database (innovation, research and development, such as papers, patents, startups, grants, etc.) that we own in the technical field related to “workplace health”. information) and compiled the trends in a report.
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The impact of “workplace health” on companies
In recent years, employee health management in the workplace has been attracting attention. Improving employee health is believed to improve work motivation and encourage the retention of talented human resources, leading to improved corporate performance and value. For this reason, the Ministry of Economy, Trade and Industry has defined “health management” as “thinking about employee health management from a business perspective and implementing it strategically” (Note 1), and has recognized excellent companies as “Health Management Brands”. ” has been certified.
Note 1: Ministry of Economy, Trade and Industry “Health Management” https://www.meti.go.jp/policy/mono_info_service/healthcare/kenko_keiei.html In selecting health and productivity management stocks, companies are evaluated for their educational content, financial status, and degree of information disclosure regarding health maintenance and promotion measures.
Meanwhile, in the United States, a bill called the Workforce Investment Disclosure Act is underway that would require listed companies to disclose information regarding the health, safety, and well-being of their employees. The bill requires disclosure of information such as the number of injuries and illnesses and the amount spent on welfare benefits. Additionally, in the EU, the CSRD (Sustainability Reporting Directive), which came into effect in 2023, requires companies to disclose information about their employees. Specifically, the number of accidents and epidemics and the percentage of vacation days taken will be disclosed.
There is a movement around the world to expand information disclosure regarding employee health management. This report utilizes one of the world’s largest databases owned by Astamuse to explain trends in research projects and startup companies related to workplace health. Grant trends and research projects
Scientific research grants include funding for new approaches and research that has not yet resulted in publication. Let’s take a look at the trends.
Figure 1 compares the number of research projects related to workplace health in the top five countries over the past 10 years. China is excluded due to insufficient data.
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Founding year: 2015
Cumulative funding amount: Approximately 910 million USD
Funding amount in 2021: Approximately USD 387 million
What we do: Provide a platform that facilitates contact between employees and mental health professionals
Gympass
https://gympass.com/
Founding year: 2012
Cumulative funding amount: Approximately 600 million USD
Funding amount in 2021: approximately USD 220 million
Business description: An app that supports physical health promotion, including access to gyms and personal trainers, nutritional balance management, and sleep quality monitoring, provided to companies as a welfare program.
BetterUp
https://www.betterup.com/
Founding year: 2013
Cumulative funding amount: Approximately 570 million USD
Funding amount in 2021: approximately USD 425 million
Business details: A platform that uses AI to match various consultants and psychologists to help resolve employee concerns and improve engagement.
According to the 2021 Employer Health Benefits Survey (Note 2) by the Kaiser Family Foundation, an American nonprofit organization, 83% of large American companies offer wellness programs such as weight loss, smoking cessation, and lifestyle and behavior coaching. I am. Of these, 68% have made changes in response to the coronavirus pandemic, with 58% offering online counseling services and 34% modifying their programs to accommodate employees working from home.
Note 2: Kaiser Family Foundation “2021 Employer Health Benefits Survey” https://www.kff.org/mental-health/report/2021-employer-health-benefits-survey/ Many companies in the United States have been forced to respond to changes in work styles caused by the spread of the new coronavirus and take measures to address employee health issues. As a result, startup companies that support employee health management online are likely to have attracted attention, leading to an increase in the amount of funding raised.
summary
Scientific research grants received significant funding for research using cutting-edge technology aimed at improving workplace
environments. At the same time, startups that provide apps and platforms to help employees manage and care for their employees, particularly those focused on mental health, have successfully raised significant amounts of funding.
Employee mental health issues can have a serious impact on business operations, not only reducing productivity but also increasing turnover rates and rehiring costs. Therefore, we believe that investment in this area is increasing rapidly.
According to a report by the Ministry of Economy, Trade and Industry, companies selected as Health and Productivity Stocks have outperformed the TOPIX over the past 10 years. It is recognized that a stable working environment for employees leads to increased corporate value, and promoting health in the workplace is widely understood to be an important element for companies.
In the future, the use of the latest technology to improve workplace health will continue to advance, and it is predicted that it will play an important role in corporate management.
Author: Astamuse Co., Ltd. Tomoki Kanda, Master of Engineering (Engineering) / Yasutaku Minamoto, Ph.D. (Science)
Further analysis…
At Astamuse, we conduct daily analyzes not only on technology related to “workplace health” but also on various cutting-edge
technologies/advanced fields, and provide this to a variety of companies and investors.
In this report, we have published some of the analysis results. Data sources used for analysis include R&D grant data from each country to grasp cutting-edge research trends from the latest government trends, startup/venture data to grasp the latest business models, and the latest trends. There is patent/paper data etc. to support it. Based on the results of these analyses, we conduct in-depth analyzes that combine bird’s-eye views and multiple perspectives from various time axes and player perspectives, thereby achieving the precision necessary to build R&D strategies, M&A strategies, and business strategies. It is possible to backcast and understand high medium- to long-term future predictions and the opportunities and threats they bring to your company.
In addition, in each area/theme, we not only analyze technology units and issues/value units, but also analyze players at the company level, and also analyze key people as innovators/Key Opinion Leaders as outputs that are more specific and easy to use in the field. It is also possible to analyze and search for (KOL) globally. If you are interested, please contact us.
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