Informational

WebinarJanuary 29, 2014

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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

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

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

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

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

Timeline

For winners only:

• Grantee day: July 2014

• Pilot Implementation reports: August onwards

• Conference exhibition opportunity: October 2014 (TBD)

12

How To Submit A Proposal

5

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

2013 Winning Hosts Included:

7

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

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

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

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

How To Submit A Proposal

5

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

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

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

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

Q & A

www.pilothealthtechnyc.com

Email: info@pilothealthtechnyc.com

--- @healthtechnyc

#PilotNYC17