We want to help you build the future of healthcare!
The HealthTech Challenge is a business idea competition created to help students turn their healthtech ideas into reality.
Hosted by the Healthcare Club of London Business School and the Institute of Innovation and Entrepreneurship at London Business School ( www.london.edu/innovation,) the competition runs every year and offers mentorship, training, and the Dhruv Batra Prize of £10,000 to the winning team.
HOW IT WILL WORK?
Each team will need to register by Wednesday 14th March 2018, and prepare a short PowerPoint presentation (no more than 6 slides) outlining their business idea and a 2 minute video ‘elevator pitch’ – both due on Wednesday 14th March. Short-listed teams will then be given the opportunity to work with experienced professionals with diverse backgrounds including health innovation, entrepreneurship or PE/VC to refine their idea and pitch. These teams will be working towards the final round which will be hosted at London Business School on Wednesday 9th May. The winning team will receive a prize of £10,000!
WHO CAN PARTICIPATE?
The challenge is open to everyone, although each team must have at least one post-graduate student or researcher who is affiliated with an academic institution. We strongly encourage forming teams with a mix of technical and business expertise to give your idea the best chance of success. Register via this website to create a profile, explore the profiles of other registered participants, and reach out to potential team mates.
Health tech CHALLENGE Kick-off
Have an idea but unsure about how to proceed? Don’t have an idea but want to be a part of the Health-tech challenge? Don’t worry – join us at LBS for the Health Tech Challenge Kick-Off on February 21st to learn more about the event and to find potential team mates!
The event will run from 7 PM to 9 PM on Wednesday, 21st of February and will cover the rules of the challenge, timeline for submissions, some sample ideas, a conversation with last year’s winners and will end with pitches from entrepreneurs looking for teams and networking! The purpose of this kick-off is to help potential participants learn more about the challenge, while also networking with each other find teams!
Please register below to be a part of the event!
Do you have an idea and would like to present at the event? Prepare a 1-2 min pitch and register below to find your team!
WHAT ARE THE JUDGING CRITERIA?
The judges will look for a proposal which meets four broad criteria: scientific/technical feasibility, high impact, execution plan feasibility, and team strength. Make sure you tell us why your idea will be successful in improving healthcare outcomes, who you will be helping, how you’re going to do it, and how £10,000 will help make your vision a reality. A detailed business plan is not required, but a high level plan with next steps is essential. For detailed judging criteria and competition rules, please click here
How do I Apply?
The application deadline for the 2018 HealthTech Challenge is 23:59 on Wednesday 14th March. You will need to submit a short powerpoint presentation describing your idea and a 2 minute video elevator pitch. Detailed judging criteria can be found here.
Please prepare a 6 slide presentation describing your idea. The exact format is up to you, but keep our judging criteria in mind when putting things together. A good presentation should cover:
- Problem definition or need for innovation
- Proposed solution to the identified problem
- Scientific or technical feasibility of the idea
- Business execution plan including how the team would use the £10,000 prize
- Relevant expertise or skills of the team
PDF, Powerpoint, or Keynote file formats are preferred.
The video pitch is your chance to show us who you are. There is no fixed format - it can be a formal business pitch, a product demonstration, or a short form play but it shouldn't be longer than 2 minutes. We want to see who you are, how much you care about the project, and how you communicate this passion to others.
The video pitch file format is flexible, we can accept links to services such as YouTube, Vimeo, Dropbox, or Google Drive or you can upload your video directly using our application form. Keep in mind that we are interested in the content of the video, not your cinematography skills.
Dhruv Batra Prize
The Dhruv Batra Prize has been established to honour the way Dhruv lead his life - helping others and pursuing an entrepreneurial spirit.
A serial entrepreneur, Dhruv dreamt big and aimed to develop socially and economically transformative projects. After graduating from Warwick and the LSE, he moved back to India to set up India’s largest Solar Thermal Plant in Kutch, Gujarat. Recently he had successfully secured the government’s concession to develop India’s largest deep water port near Mumbai, despite competition from some of India’s largest conglomerates.
But Dhruv’s greatest trait, and what we believe to be his greatest quality, was his unflinching desire to help everyone. Fondly referred to as ‘Boss’, he was invariably the ‘Go To’ person for friends, family and acquaintances alike. Dhruv was happiest lending an ear to listen or a hand to help, no matter how big or small the request. He did not believe in saying no to anyone, even at great personal expense.
Loved and admired by all, he left a great hole in our lives late last year. This prize is an attempt to continue Dhruv’s legacy and at the same time help healthcare projects globally.
Contact us if you have any questions or comment at email@example.com.