Henry Ford Innovation Institute HealthTech Challenge Webinar

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This webinar went over details for the HFII Health Tech Challenge and answered questions from participants.

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Henry Ford Innovation Institute HealthTech Challenge Webinar

  1. 1. HFII HEALTHTECH CHALLENGE WARD DETWILER – HENRY FORD HEALTH SYSTEM INNOVATIONS HEMALI THAKKAR – HEALTH 2.0 DEVELOPER CHALLENGE
  2. 2. ON THE LINE: HFHS INNOVATIONS TEAM Ward Detwiler Project Manager Joe Jankowski Senior Advisor Dr. Steve Bartol Senior Advisor & Orthopedic Surgeon
  3. 3. AGENDA 1. System Introduction & Challenge Overview 2. Round 1 Requirements & Judging Criteria 3. Finalist Requirements & Selection Criteria 4. Q&A
  4. 4. HENRY FORD HEALTH SYSTEM 7 hospitals with over 40 specialties 93,000 admissions and 3 million patient contacts annually 2011 Baldrige Award winner for quality 2,100 beds and 1,200 employed physicians Comprehensive integration and wholly owned insurer 500 residents and $70M in annual research
  5. 5. HENRY FORD INNOVATION INSTITUTE Leveraging Henry Ford’s intellectual assets to commercialize concepts drawn from: Mission Based Employees Companies Community
  6. 6. DIGITAL SOLUTIONS TO READMISSIONS Targeting innovators across the globe 5 finalists each awarded a $10,000 prize Finalists compete for an investment of seed capital and commercialization support
  7. 7. THE COMMERCIALIZATION INVESTMENT Seed Capital Developme nt Support Clinical Coordinatio n
  8. 8. SEED CAPITAL • Up to $100k for technology development – Delivered in tranches aligning to milestones • 3 potential forms of investment – Convertible debt – Equity – License
  9. 9. DEVELOPMENT SUPPORT Commercialization Validation Development Inception Ideation Invention Disclosure Market Assessment Prototyping Product Design Business Development IP Protection Material Testing Market Validation Clinical Trials Business Planning Capitalization
  10. 10. DEVELOPMENT SUPPORT • Up to 9 months of support – Aligned with milestones • 15 hours/month of HFII staff support • In-kind support from legal, technical, and insurance partners • Expertise in: – – – – – – – Early stage development Solution pilots Healthcare delivery & payment models Commercialization/licensing Strategy Sales & marketing Growth capital
  11. 11. CLINICAL COORDINATION
  12. 12. KEY DATES • • • • Submission Deadline: January 3 Finalists Notified: February 3 Finalist Pitch Event: March 5 Development Period Begins: Early April
  13. 13. AGENDA 1. System Introduction & Challenge Overview 2. Round 1 Requirements & Judging Criteria 3. Finalist Requirements & Selection Criteria 4. Q&A
  14. 14. ROUND 1: SUBMISSION REQUIREMENTS • Product should be website, mobile, app, portable medical device, or other digital platform • 10 slide pitch deck explaining the proposed solution, including: – – – – – – – Problem statement Target users Example use cases Development plan Marketing plan Business model Team profile • 3 minute video explaining or demonstrating solution • 2 page Executive Summary • Core team resumes
  15. 15. ROUND 1: EVALUATION CRITERIA • Innovation and unique qualities of application • Potential to reduce readmissions • Usability and design of solution • User appeal and potential for widespread adoption and scale • Degree of development of application (prototype vs. polished product) • Potential of partnership and future work with HFII
  16. 16. AGENDA 1. System Introduction & Challenge Overview 2. Round 1 Requirements & Judging Criteria 3. Finalist Requirements & Selection Criteria 4. Q&A
  17. 17. FINALISTS: SUBMISSION REQUIREMENTS • Written overview of Development Period proposal • Development Period budget • Development Period proposal slide deck (10 Slides)
  18. 18. FINALISTS: JUDGING CRITERIA • • • • • Development Period proposal and design Product innovation capabilities and design Alignment to HFHS/HFII assets Potential to reduce readmissions Cost effectiveness, market potential, sustainability of business model, and scalability of product • Team experience and strength of match
  19. 19. FINALISTS: JUDGING EVENT • Live judging conducted at Henry Ford Innovation Institute or via video (international) • Panel of 5-10 expert judges • Submission materials reviewed ahead of live session • 10 minute live pitch, with AV support
  20. 20. AGENDA 1. System Introduction & Challenge Overview 2. Round 1 Requirements & Judging Criteria 3. Finalist Requirements & Selection Criteria 4. Q&A
  21. 21. QUESTIONS? www.HealthTechChallenge.com

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