HOW IT WILL WORK?
Each team will need to register by Friday 31st March 2017, 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 Friday 31st March. Short-listed teams will then be given the opportunity to work with experienced professionals from private equity/venture capital backgrounds to refine their idea and pitch. These teams will be working towards the final round which will be hosted at London Business School on Thursday 25th 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.
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 2017 HealthTech Challenge is 23:59 on Friday 31st 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.