The Innovating for Health Challenge is about identifying research-based and clinical innovations that have commercial potential in the healthcare market. The Challenge will connect researchers and clinicians with entrepreneurs and sources of funding to assist in the growth of new businesses in the biomedical sector.
Innovating for Health is open for submissions from 4 January 2012 through to 30 March 2012. The second and final stage of the Challenge will run from 2 April 2012 to 7 July 2012.
The leading innovation will be announced in early July and will receive $50,000 development funding.
We are interested in ideas/concepts/innovations at various stages of growth:
What are we looking for?
Submit your idea, in no more than 100 words, via the Grow Wellington website by 30 March 2012. 'Making your submission' and 'How to pitch your idea in 100 words' are both great resources to use when submitting your idea.
All submissions will be assessed by a panel of experts and every submission will receive feedback. The submissions with the strongest potential will be invited by 6 April 2012 to participate in Stage Two.
During this stage we will provide further online support to assist you in developing your business plan.
Support available will include market validation, assessment of your business model, cost structure, funding and revenue streams. We will also provide expert advice on product development, intellectual property, governance and legal requirements. Grow Wellington will facilitate connections with subject matter experts and mentors.
Stage two will close on 18 June 2012. All submitted business plans will be assessed first by a panel of experts. In addition, the plans will be assessed for the depth of the science/technology behind the propositions by a separate panel of science and technology experts.
The plans with the greatest commercial potential, along with the requisite underpinning science, will have further support. This may include the opportunity to meet and present to the Wellington Innovation and Investment Community, assistance in getting plans investment ready, support from business leaders and experts in particular fields, consideration for inclusion in the Creative HQ incubator programme and entrepreneur kick-start programme, Activate.
Training resources and guidance for stage one and two will be available through documents and videos which will be posted to this site. Grow Wellington will provide on-going support to organisations and individuals involved in the Challenge.
All submissions will also receive feedback relating to:
Bookmark this web page so you can check for updates, which will be posted as the Challenge timeline progresses.
Please ensure you read the Terms & Conditions associated with the Innovating for Health Challenge 2012.
Centre of Excellence Manager - Biomedical Email: adrian.gregory@growwellington.co.nz DDI: 04 382 0082 Mob: 021 505 440
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