Overview
Innovate Health Tech NYC invites software and hardware developers and other innovators living or working in New York City to create new commercially viable technologies that solve urgent health care problems. Individuals, teams, and companies with 10 or fewer employes can compete, and will be required to demonstrate a functioning prototype of a pre-commercial technology in their submission. Technologies may include, but are not limited to, healthcare analytics tools, clinical workflow management tools, mobile health applications, and wireless health monitoring devices. Contestants are encouraged, but not required, to address healthcare priority areas identified by New York City.
The technology included in your submission must not have been publicly available, commercially or for free, prior to January 28, 2013.
To get started, check out the basic requirements (for more information see the Official Rules and the FAQ page):
After the submission period, a panel of judges will review all eligible submissions and select nine finalists; the public will vote for one additional finalist to determine their favorite. All 10 finalists will be invited to present their health tech innovations at a Demo Day with leaders from the technology, healthcare, and venture capital community. Finalists will be provided with a three-part coaching session to prepare for their Demo Day presentation. Based on submission materials and the live Demo Day presentation, three winners will be selected to win cash prizes totaling $50,000.
Background
New York City is an emerging hub for innovation in healthcare technology. Innovate Health Tech NYC is an initiative of the New York City Economic Development Corporation and the Bloomberg Administration, developed in partnership with Health 2.0, StartUp Health, and ChallengePost. The goals of Innovate Health Tech NYC are to:
- recognize the best emerging healthcare technologies by NYC innovators
- spur the creation of NYC-based healthcare technology companies and jobs; and
- address urgent needs in healthcare.
Important Dates
Submission Period: January 28, 2013 – May 2, 2013
Innovate Health Tech NYC Info Webinar: February 19, 2013, 12pm – 1pm. RSVP here!
Public Voting: May 22, 2013 – June 13, 2013
Judging: May 22, 2013 – June 13, 2013
Finalists Selection: June 18, 2013
For Finalists Only:
Finalist Coaching Sessions: June 21, 2013, June 27, 2013, and July 8, 2013. See FAQ for more details.
Demo Day and Winner Announcement: July 10, 2013
Prizes
- Best Innovation – Grand Prize
- $25,000
- Judges’ Choice Finalists (9)
- Non-cash prize (invitation to participate in the Demo Day and a three-part coaching session to help prepare a Demo Day presentation)
- Best Innovation – Second Prize
- $15,000
- Popular Choice Finalist
- Non-cash prize (invitation to participate in the Demo Day and three-part coaching session to help prepare a Demo Day presentation)
- Best Innovation – Third Prize
- $10,000
Judges
An expert panel of judges including members of the healthcare, technology, & venture capital communities will score all eligible submissions determining the three winners at Demo Day. These judges will be selected by the Innovate Health Tech NYC Team.
Judging Criteria
- Quality of the Idea
- Includes creativity and originality.
- Quality of User Experience
- Includes design, visual aesthetic, and ease of use.
- Potential Impact
- Includes the potential impact on an urgent healthcare need.
- Commercial Potential
- Includes feasibility of distribution to target users, scalability, and potential demand.
- Quality of Team
- Includes experience of team members, prior successes and capacity of the team to execute and bring the technology to market.
- [Finalists Only] Presentation Quality
- Includes clarity and persuasiveness of the Demo Day presentation and technology demonstration.
How to Enter
- Create an account or log in with an existing ChallengePost account.
- On InnovateHealthTechNYC.com, click on the Register button to confirm your interest in participating. This step ensures that you will receive important challenge updates.
- Create a functioning software solution and/or hardware prototype that meets the requirements listed in the Official Rules.
- Visit the Submission Requirements page for info on what is required on the submission form.
