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This webinar went over details for the HFII Health Tech Challenge and answered questions from participants.
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HFII HEALTHTECH CHALLENGE
WARD DETWILER – HENRY FORD HEALTH SYSTEM INNOVATIONS
HEMALI THAKKAR – HEALTH 2.0 DEVELOPER CHALLENGE
ON THE LINE: HFHS INNOVATIONS TEAM
Ward Detwiler Project Manager
Joe Jankowski Senior Advisor
Dr. Steve Bartol Senior Advisor & Orthopedic Surgeon
AGENDA
1. System Introduction & Challenge
Overview
2. Round 1 Requirements & Judging Criteria
3. Finalist Requirements & Selection Criteria
4. Q&A
HENRY FORD HEALTH SYSTEM
7 hospitals with over 40 specialties
2,100 beds and 1,200 employed physicians
Comprehensive integration and wholly owned insurer
2011 Baldrige Award winner for quality
93,000 admissions and 3 million patient contacts
annually
500 residents and $70M in annual research
HENRY FORD INNOVATION INSTITUTE
Employees Companies Mission Based Community
Leveraging Henry Ford’s intellectual
assets to commercialize concepts
drawn from:
DIGITAL SOLUTIONS TO READMISSIONS
Targeting innovators
across the globe
5 finalists each awarded
a $10,000 prize
Finalists compete for an
investment of seed capital
and commercialization
support
THE COMMERCIALIZATION INVESTMENT
Developme
nt Support Seed
Capital
Clinical
Coordinatio
n
SEED CAPITAL
• Up to $100k for technology development
– Delivered in tranches aligning to milestones
• 3 potential forms of investment
– Convertible debt
– Equity
– License
DEVELOPMENT SUPPORT
Inception
Development
Validation
Commercialization
Ideation Invention Disclosure Market Assessment
Prototyping Product Design Business Development IP Protection
Material Testing Market Validation Clinical Trials
Business Planning Capitalization
DEVELOPMENT SUPPORT
• Up to 9 months of support – Aligned with milestones
• 15 hours/month of HFII staff support
• In-kind support from legal, technical, and insurance partners
• Expertise in: – Early stage development
– Solution pilots
– Healthcare delivery & payment models
– Commercialization/licensing
– Strategy
– Sales & marketing
– Growth capital
CLINICAL COORDINATION
KEY DATES
• Submission Deadline: January 3
• Finalists Notified: February 3
• Finalist Pitch Event: March 5
• Development Period Begins: Early April
AGENDA
1. System Introduction & Challenge
Overview
2. Round 1 Requirements & Judging Criteria
3. Finalist Requirements & Selection Criteria
4. Q&A
ROUND 1: SUBMISSION REQUIREMENTS • Product should be website, mobile, app, portable medical device, or other digital platform
• 10 slide pitch deck explaining the proposed solution, including: – Problem statement
– Target users
– Example use cases
– Development plan
– Marketing plan
– Business model
– Team profile
• 3 minute video explaining or demonstrating solution
• 2 page Executive Summary
• Core team resumes
ROUND 1: EVALUATION CRITERIA
• Innovation and unique qualities of application
• Potential to reduce readmissions
• Usability and design of solution
• User appeal and potential for widespread adoption and scale
• Degree of development of application (prototype vs. polished product)
• Potential of partnership and future work with HFII
AGENDA
1. System Introduction & Challenge
Overview
2. Round 1 Requirements & Judging Criteria
3. Finalist Requirements & Selection Criteria
4. Q&A
FINALISTS: SUBMISSION REQUIREMENTS
• Written overview of Development Period
proposal
• Development Period budget
• Development Period proposal slide deck
(10 Slides)
FINALISTS: JUDGING CRITERIA
• Development Period proposal and design
• Product innovation capabilities and design
• Alignment to HFHS/HFII assets
• Potential to reduce readmissions
• Cost effectiveness, market potential, sustainability of business model, and scalability of product
• Team experience and strength of match
FINALISTS: JUDGING EVENT
• Live judging conducted at Henry Ford Innovation Institute or via video (international)
• Panel of 5-10 expert judges
• Submission materials reviewed ahead of live session
• 10 minute live pitch, with AV support
AGENDA
1. System Introduction & Challenge
Overview
2. Round 1 Requirements & Judging Criteria
3. Finalist Requirements & Selection Criteria
4. Q&A
QUESTIONS?
www.HealthTechChallenge.com
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