StartUp Health and one of the world’s largest insurance companies, Allianz, have entered into a long-term partnership to develop and commercialize digital companies around the world focused on improving global health.

The two parties will co-develop a Custom Innovation Portfolio of at least two dozen companies over the next three years and select leading entrepreneurs from StartUp Health’s Moonshot Academy and through strategic Calls for Innovations. Companies selected for the program will focus on solutions to critical health issues on individual, community and global levels. Specific themes for the Portfolio will be announced after a Call for Innovations in early 2017.

“We are very excited to partner with StartUp Health,” Solmaz Altin, Chief Digital Officer of Allianz Group, said in a statement. “By combining their mindset and energy with Allianz’s global strength and expertise, we look forward to fostering digital innovation in health service on a global scale and advancing moonshot thinking.”

StartUp Health’s digital health portfolio includes more than 180 companies spanning five continents, 17 countries and over 60 cities. To date, 11 of its companies have been acquired by companies including Intel, WebMD, Under Armour and Zimmer Biomet and its companies have raised over $640M of funding since 2012. StartUp Health’s diverse portfolio is currently comprised of 40% “doctorpreneurs,” 30% female founders and one-third serial entrepreneurs.