EIT Health Business Plan Accelerator now open for entries


Posted on 7 June 2016 (Permalink)

A European project which aims to improve healthy living and active ageing is inviting micro and small enterprises, spin-offs and start-ups from all over Europe to submit applications for the EIT Health Business Plan Aggregator, which will reward the best business plans in medtech, biotech and digital health.

The EIT Health Accelerator creates an ecosystem where innovation can thrive. It gathers the best and brightest health industry entrepreneurs, and provides them with the support, skills and services that they need to get their ideas off the ground and into the market. 

EIT Health is looking for the most promising business concepts from micro and small enterprises (less than 50 employees), spin-offs and start-ups. For successful concepts, the EIT Health Business Plan Aggregator offers:

  • Access to a European network of world-leading medtech, biotech, pharma and IT companies, as well as healthcare research organisations
  • Early access to the EIT Health Investors Network, which brings international investors together in order to boost your business idea
  • Access to unique services in crucial areas such as clinical validation (living labs and test beds) and market preparation internationalisation
  • High visibility across Europe
  • Attractive prize money.

The EIT Health Business Plan Aggregator follows a two-step procedure:

Stage 1: Interested companies apply to participate at their regional Co-Location Centre (CLC). The pre-selection of the nominated candidates will be made at CLC level and the best entry will be nominated for each category (medtech, biotech, digital health). At a later stage, there will also be an external competition with a winner from each category.

Stage 2: The 21 best EIT Health business plans will be invited to pitch at the EIT Health Innovation Summit in November 2016 (travel costs will be paid), and will also receive:

  • €3,000 per team to produce a pitch video
  • Optional vouchers (adapted to maturity and specific needs of a team)
  • Opportunity to join Launchlab and GoGlobal
  • Use of EIT Health‘s network of Test Beds and Living Labs
  • Access to market coaches.

At the EIT Health Innovation Summit, the business plans comprising the ‘best of the best’ in the medtech, biotech and digital health categories will be awarded by a panel of experts. The prize money for each category is:

  • First prize: €10,000
  • Second prize: €3,000
  • Third prize: €2,000.

An important focus will be placed on the innovation’s impact in terms of societal challenges addressed by EIT Health:

SOCIETAL CHALLENGES

 BUSINESS OBJECTIVES

 Promoting healthy living

 

 Lifestyle interventions

 Self-management of health

 Supporting active ageing

 

 Workplace interventions

 Overcoming functional loss

 Improving healthcare

 

 Improving healthcare systems

 Treating and managing chronic diseases

 

Applications must be submitted by 31 July 2016 at 6pm (CET). Applications are requested in executive summary format and should not exceed three pages. Please upload your applications to national competitions (in PDF format, max. 5 MB) using EIT Health Plaza.

For more information, please see the EIT Health Business Plan Accelerator brochure. Your contact for the UK and Ireland Co-Location Centre is Dr Paddie Murphy at the West Midlands Academic Health Science Network on paddie.murphy@wmahsn.org.