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Innovation Tank

Sponsored by Philips

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Overview

The Innovation Tank will feature a panel of business-savvy venture capitalists, clinicians/researchers and industry leaders who will consider pitches from innovators seeking investment for their business or product solution designed to improve pediatric care. Judges will decide how to “invest” sponsored funds and will provide valuable insights to the presenters and audience on accelerating their innovations and bringing them to market.

Requirements

  • Innovation must advance pediatric healthcare
  • Applicant must ensure there are no known or potential concerns or disputes regarding ownership or intellectual property rights
  • Applicant must submit the following:
    • Summary of business plan:
      • Concise description of the innovation, including current stage of development
      • Statement of need and potential benefits, including an explanation of how the concept will advance care for pediatric patients
      • Explanation of the innovation’s competitive advantage
      • Brief development outline describing the intended progression plan with known milestones for deliverables
      • Outline of funding sources secured and needed to advance the innovation
      • Description of proprietary rights including any patents filed or issued
    • CV, resume or corporate profile for lead innovator(s)
    • Signed disclaimer acknowledging that the Innovation Tank is a public competition. Ideas presented in the Innovation Tank may be shared and discussed through media, social media, video, etc.
    • Applicant may submit up to three (3) graphics, drawings or videos to assist in the explanation of the innovation
  • Applicant must be able to pitch their innovation live to a panel of judges and the Taking on Tomorrow audience. Finalists will be allotted 6 minutes to pitch their idea, followed by 8 minutes of Q&A with the judges

Eligibility

  • Applicants may be an individual innovator or team of innovators
  • No specific background or experience is required
  • Applicants must demonstrate an assertion of clear title to and ownership of all rights in the ideas and information submitted
  • Applicants must demonstrate an ability to move the proposed plan to completion and articulate how the prize money will accelerate the technology’s path to market
  • Finalists must be able to appear in person at the Taking on Tomorrow Global Pediatric Innovation Summit + Awards 2014, on Friday afternoon, October 31, 2014, at the Seaport World Trade Center in Boston

Process

  • Applications must be submitted by 11:59 p.m. ET on September 19, 2014.
  • Ten semi-finalists will be selected and required to engage in a 30-minute interview through video conference during the week of September 22.
  • After an internal vetting process, Boston Children’s Hospital will select three finalists for the Innovation Tank. Finalists will compete at the Taking on Tomorrow Global Pediatric Innovation Summit + Awards 2014, on Friday afternoon, October 31, 2014, at the Seaport World Trade Center in Boston.
  • Please note that no feedback will be provided to applicants not selected as finalists. All decisions are final.

Awards

Prize money, provided by the Innovation Tank sponsoring company, in the amount of $30,000 will be awarded. Judges will determine the amount awarded to each finalist. Prizes will be announced at the conclusion of the Innovation Tank on Friday afternoon, October 31, 2014, at the Seaport World Trade Center in Boston.

Judging Panel

  • Daymond John, moderator: Entrepreneur Daymond John, founder of the sportswear brand FUBU, is also an author, consultant, motivational speaker and television personality on ABC’s critically acclaimed reality business show Shark Tank.
  • Leonard Zon, MD, judge: Leonard Zon, MD, is the founder and director of the Stem Cell Program at Boston Children’s Hospital and a pioneer in the use of zebrafish as a platform for drug discovery.
  • Bob Davis, judge: Bob Davis is a General Partner at Highland Capital Partners focusing primarily on digital media. He currently represents Highland with ALOHA, Dailybreak, Gemvara, Harry’s, NameMedia, OpenSky, Oyster Books, Handybook and SessionM. Bob previously served on the boards of Bullhorn (acquired by Vista Equity Partners), Fastclick (NASDAQ: FSTC), Going (acquired by AOL), Navic (acquired by MSFT), Pixable (acquired by SingTel), Quattro (acquired by Apple), Quigo (acquired by AOL) and Turbine (acquired by Warner Bros.)
  • Santo Politi, judge: Santo Politi is a Founder and General Partner of Spark Capital. He has led Spark’s investments in eToro, Convert Media, Genie, Orchard, Qriously, Storenvy, Triggit and Zazma.
  • Ivan S. Salgo, MD, MS, judge: Dr. Salgo currently serves as Chief, Cardiovascular Investigations and Philips Research Fellow for Ultrasound Research and Development at Philips Healthcare. He has ten years of experience in academic medicine at the University of Pennsylvania in Cardiothoracic Anesthesiology and Intraoperative Echocardiography and has conducted NIH-funded research in cardiac mechanics and imaging. Dr. Salgo also has extensive corporate experience in R&D product development, market positioning and strategy, and evidence-based medicine validation, and has successfully led medical device development teams.
  • Halle Tecco, judge: Ms. Tecco is a Founder & Managing Director of Rock Health, the first seed fund devoted exclusively to digital health companies. Tecco recognized the need and potential for startups in the space while working at Apple’s App Store covering the health and medical vertical. With her husband, she is also an angel investor in over 30 technology companies including Misfit Wearables, Quora, and Kaggle.

*Additional judges to be announced

Key Dates

  • Application submission process opens = July 21
  • Application submission process closes = September 19
  • Semi-finalists notified = September 19
  • Semi-finalist interviews = September 22-26
  • Finalists announced = October 1
  • Innovation Tank at Taking on Tomorrow = October 31

Submit Application for the Innovation Tank

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The 2014 Global Pediatric Innovation Summit + Awards will be held at The Seaport World Trade Center, Boston.


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