Pilot Health Tech NYC 2014 webinar

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Pilot Health Tech NYC 2014 webinar

  1. 1. Informational Webinar January 29, 2014 An initiative of: Powered by:
  2. 2. Speakers On the call today: • Lenzie Harcum, Director, Life Sciences and Healthcare Technology, NYCEDC • Andrew O’Shaughnessy, Project Manager, NYCEDC • Graeme Ossey, Challenge Manager, Health 2.0 • Jean-Luc Neptune, Senior Vice President, Health 2.0 1
  3. 3. Agenda • • • • • • • • • • Eds & Meds NYC 2020 What is Pilot Health Tech NYC? How It Works Eligibility Timeline Matchmaking Sessions Submission Requirements Evaluation Criteria Prizes & Perks Q&A 2
  4. 4. Eds & Meds NYC 2020 • NYCEDC’s strategic overview of the NYC life sciences and healthcare technology sectors • NYC is uniquely positioned to become a hub of healthcare technology innovation and entrepreneurship • Part of a portfolio of NYCEDC initiatives – – – – – Pilot Health Tech NYC Entrepreneurship Lab for Bio & Health Tech SBIR Impact NYC Life Sciences Incubator Other initiatives on the way 3
  5. 5. What is Pilot Health Tech NYC? • NYCEDC program matches early-stage healthcare technology companies ('innovators') with key NYC healthcare service organizations or individuals ('hosts') • Provides a total of $1M in funding to pilot projects to take place in NYC • Facilitates pilot projects that address defined needs of the healthcare industry and test technologies in a healthcare setting for 4 – 9 months 4
  6. 6. Timeline • Introductory Webinar: January 29 • In-Person Information Panel: February 5 • "Find a Pilot Partner" Form Deadline: February 17 • Matchmaking Sessions: March 11 - 12, 3-6pm (save the date!) • Joint Innovator-Host Application Deadline: May 23 • Winners announced at the 'Pilot Day': June 25 11
  7. 7. Timeline For winners only: • Grantee day: July 2014 • Pilot Implementation reports: August onwards • Conference exhibition opportunity: October 2014 (TBD) 12
  8. 8. How To Submit A Proposal 5
  9. 9. Host Eligibility • The 'host' may be a healthcare organization, foundation, employer, or other entity with a strong presence in NYC (e.g. large employer, disease foundation, hospitals, physician clinics, payers, pharma, universities, nursing associations, etc.) and must meet the following eligibility criteria: – Serving no fewer than 150 patients (if a provider) in the NYC metropolitan area – Employer organizations must employ at least 250 people – Ability to allocate time and resources to plan and implement the pilot project – Allocate one business-minded champion to shepherd project 6
  10. 10. 2013 Winning Hosts Included: 7
  11. 11. Innovator Eligibility • The 'innovator' must have a readily available tech-based product focused on improving healthcare that can be tested in the 'host' setting and meet the following criteria: – Demonstration of financial stability, managerial capacity, and scalability – Maximum number of 50 employees (with some exceptions) – Less than $10M in venture capital funding raised (with some exceptions) – Should have a primary place of business in NYC (>50% employees) 8
  12. 12. Innovator: Not in NYC? If the 'innovator' company does not have a primary place of business in NYC, the 'innovator' company must demonstrate how it plans on establishing its primary place of business* in NYC if selected as a winner. * > 50% employees work in NYC 9
  13. 13. Need a pilot partner? Deadline for submitting the "Find a Partner" Form is approaching! Monday, February 17, 2014 www.pilothealthtechnyc.com (takes 5-10 minutes) 10
  14. 14. Matchmaking Sessions • Only selected ‘innovators’ will be invited to matchmaking sessions (March 11 - 12, 3 – 6pm) • 15 minute conversations between ‘host’ and ‘innovator’ – Innovators - this is your chance to pitch to the big guys! • Continue conversations after matchmaking sessions • Submit a joint application by May 23rd 13
  15. 15. How To Submit A Proposal 5
  16. 16. Submission Guidelines • • • • • • • • • General information about Innovator and Host Technology solution description 5 minute demo video Overview of pilot proposal Budget overview (description & Excel sheet) Slidedeck of pilot proposal Resume of primary contact (Innovator) Letter of support from Host organization Optional: additional supporting documents 14
  17. 17. Evaluation Criteria • Applications will be evaluated by an expert judging panel using five key metrics and weights listed below: – – – – – – Pilot proposal and design (25%) Potential for Impact on NYC (25%) 'Innovator' company's product potential (15%) Potential for health impact (15%) Team experience and strength of match (10%) Pilot budget and scale (10%) 15
  18. 18. Prizes & Perks • $1,000,000 in total funding • Winners will receive no more than 50% of the cost of the pilot, the rest should be in-kind donation of services • Host/Innovator can freely decide how to split funding • Winners also receive the following: – In-kind donation of services or resources from 'Hosts' – Pilot planning and implementation support from the organizers – Participation and promotion in major health events and conferences 16
  19. 19. Pilot 2013 vs 2014? • Welcome consumer wellness companies! • Diverse hosts (not just providers, but also employers, foundations, retailers, etc.) • Funding both large and small pilots (pilots will not just be $100,000 each but may be on a smaller scale) 9
  20. 20. Q&A www.pilothealthtechnyc.com Email: info@pilothealthtechnyc.com --@healthtechnyc #PilotNYC 17

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