http://hi2forum.medstartr.com/challenge_information
As an organization we have recognized an opportunity at the intersection
of innovation and technology. At the American Heart Association Health
Sciences Innovation · Investment Forum some of the great minds from
industry, academia and investment will come together for a world-class
collaborative discussion. Through the Forum the American Heart
Association will foster relationships between key parties that will
benefit the entire health sciences ecosystem and drive much needed
resources towards innovation in cardiovascular research and technology.
Challenge Information
Who Can Enter?
If you have an early stage product or solution for cardiovascular
disease prevention or cardiovascular health promotion, we encourage you
to apply. Entries from dedicated entrepreneurs, scientists, thoughtful
physicians, innovative nurses, empowered patients, inventive engineers,
activated administrators and passionate people are welcome. Teams must
have a New York City presence and be available to come to New York City
for the American Heart Association's Health Sciences Innovation ·
Investment Forum on March 6, 2014. Finalists are expected to present a
functional version of their product on stage.
What Types of Companies Should Apply?
Early stage health technology companies that seek to help patients,
providers or medical facilities meet the aims of the American Heart
Association’s 2020 Impact Goal:
to improve the cardiovascular health of all Americans by 20 percent
while reducing death from cardiovascular diseases and stroke by 20
percent by the year 2020.
"Early stage" is defined as a company or team that has previously raised
less than one million dollars in seed or other funding and less than
$500,000 in revenue, and has been in business for less than two years.
Each finalist must be prepared to present a working prototype or "beta"
version of his or her project onstage by the American Heart
Association's Health Sciences Innovation · Investment Forum on March 6,
2014 in NYC.
How Does the Challenge Work?
In Phase I, applicants will complete an online form demonstrating their
ideas with a particular emphasis on how their project will help people
prevent and/or manage cardiovascular disease and stroke. A panel of
American Heart Association judges will review the submissions and the
top ten best ideas will be selected to move to Phase II.
All finalists will be featured on an online crowdfunding Challenge to
raise the most funds for their project. The top three teams, as
determined by who raises the most funding, gets the most social shares,
and as selected by our distinguished panel of judges (40%, 20%, 40%) —
will be invited to present their idea to an expert panel of judges and
investors at the American Heart Association's Health Sciences Innovation
· Investment Forum event in New York City on March 6, 2014.
Who are the Judges?
Our panel of judges will include four leaders in the health sciences,
technology and business sectors. The final list of judges will be
published when the Phase I winners are announced.
What are the Awards?
Phase I Finalists: American Heart Association Showcase Showdown
The top ten applicants will go live in a MedStartr Crowdfunding
Challenge Showcase that will be shared with millions of doctors,
patients, administrators, investors and healthcare partners, many of
whom will want to support your idea.
On average, successful MedStartr companies are raising over $200,000
from the Crowd that Cares. For example, Avado was just bought by WebMD!
Whoever raises the most funds makes it on stage to the finals!
Phase II Finalists: Meet the Key Players in the Cardiovascular Health Ecosystem
On March 6th the top three Showcase Finalists will present their ideas
on stage at the Health Sciences Innovation · Investment Forum in front
of 300 anticipated guests, comprised of the leading investment bankers,
venture capitalists, private equity firms, business development
professionals in the pharmaceuticals space, professional service firms,
transaction attorneys, IP attorneys, financiers, financial analysts,
life science clinicians and innovators, and academic and medical
professionals.
In addition to this opportunity, the top three Showcase Finalists will
also keep the funds raised by the public during the Crowdfunding phase
and present their project in front of our expert judges panels to
compete for the following awards:
1st Place: $15,000 American Heart Association Award
2nd Place: $7,500 American Heart Association Award
3rd Place: $2,500 American Heart Association Award
We invite you to learn more about the American Heart Association's Health Sciences Innovation · Investment Forum. Please click here to visit our website.
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