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. 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. 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. 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. 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. Timeline
For winners only:
• Grantee day: July 2014
• Pilot Implementation reports: August onwards
• Conference exhibition opportunity: October
2014 (TBD)
12
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
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. 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. 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. 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
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. 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. 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. 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
