Henry Ford Innovation Institute HealthTech Challenge

Submission Deadline

January 3, 2014

Contact

Hemali Thakkar

Prizes

  • Five Finalists $10,000 each ($50,000 total)
  • Winner $100,000 in capital for product development and support

Recent Updates

Congratulations to the five finalists! The judging panel was very impressed with the quality of all of the applicants and thank all teams for participating in the challenge.

  • AdhereTech
  • Aidin
  • Fit4D
  • Health Recovery Solutions
  • Wellbe

Background

Avoidable emergency department and in-patient readmissions of patients with acute myocardial infarction, congestive heart failure, COPD, pneumonia, and total hip and knee replacement have become major cost drivers in U.S. healthcare. Private insurers and capitated health systems already feel the acute burden of this issue, while the Center for Medicaid & Medicare Services is beginning to penalize same-cause readmissions of these conditions, increasing pressure on health care systems as Medicaid and Medicare coverage expands. Health care professionals are limited to only a small window of patient touch-time to treat these chronic patients in the hospital; most patients are left to self-manage these complicated conditions on their own.

Description

Henry Ford Innovation Institute (HFII) is seeking to attract entrepreneurs, engineers, developers, clinicians, researchers, and other solutions providers with mobile-health and IT solutions that address the root causes of these costly readmissions. In hopes of rapidly commercializing these innovations, HFII will offer a technology development investment to at last one winning team, consisting of:

• $100k in capital for product development
• Nine months of development support within Henry Ford Health System
• Technology and business support from commercial partners
• Access to world-class mentors and subject matter experts across a variety of fields

PHASE 1 FINALIST PRIZE AND CONDITIONS:
There will be a tiered award structure, selecting winners in two phases. The first narrows the field down to 5 finalists. The second selects 1 team to make investments in from this field of finalists. Phase 1 Prizes are as follows:

• 5 finalists - $10,000 each
• $50,000 total

PHASE 2 INVESTMENT & PRODUCT DEVELOPMENT SUPPORT AWARD AND CONDITIONS:
HFHS will select at least one (1) winning team to offer a commercialization investment, consisting of seed capital, in-kind support, and product development services. The investment may take different forms depending on the structure of the team, type of technology, and commercial potential, but may include a combination of the following:

A. Capital Investment
The Host will make a capital investment of up to $100,000 in the winning solution. Depending on the formation of the team, type of technology, and potential development path, the investment will take one of three forms, subject to the discretion of the Host and agreed upon by the Winner:

(i) Convertible Debt: The Host would provide the investment via a secured debt instrument that would be converted per HFHS' discretion into a future financing round by the Winner. The conversion preference would be subject to the time the debt is held prior to conversion and the amount of in-kind and clinical support received by the Winner from the Host.

(ii) Equity: The Host will make a capital investment in the Winner’s Technology in exchange for a set equity share of the resultant company.

(iii) IP Acquisition: The Host may offer to buy the rights to the intellectual property and commercialize the Technology either independently or in partnership with the Winner.

B. Development Support
In addition to capital, the Winners will receive in-kind development support both from HFHS, its Commercial Partners, expert mentors, and Challenge Sponsors. Services may include the following:

• Nine months of clinical development support within HFHS
• Technology and business support from commercial partners
• Access to notable mentors and subject matter experts across a variety of fields

C. Promotion to Capital Investors
At the end of the Development Period, the Winners will have the opportunity to present their Technologies at a Demo Day, tentatively to be held in January 2015. The Demo Day will be attended by both venture capitalists and corporate partners with interests in the topic field. The primary goal of this session is to attract growth capital or attract interest in an acquisition or licensing agreement.

Assignment of Ownership
Depending on the structure of the investment, the Sponsor may be entitled to an ownership stake in the winning company or a share of the independent technology. This share will be held by the Henry Ford Innovation Institute, an independent 501c3 non-profit entity, and proceeds will be used to fund mission-based innovation investments and education and training. Winners shall be responsible for any applicable federal, state, and local taxes associated with the investment.

Timeline

  • Challenge Launch Date: October 1, 2013
  • Application Submission Deadline: January 3, 2014
  • Virtual Judging – Begins: January 6, 2014
  • Finalists Notified and Announced: February 10, 2014
  • Finalist Judging Event: March 5, 2014
  • Development Period Begins: April 7, 2014

Review Panel

Evaluation Criteria

Phase 1 Evaluation:

Proposed evaluation criteria may include:
• Innovation and unique qualities of application
• Potential to reduce readmissions
• Usability and design of application
• 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 HFHS

Phase 1 Review Process:

• Virtual Judging
• Expert Panel composed of 5 to 10 judges
• Slide deck description, video, app reviewed online
• Quantitative/qualitative scores submitted online
• Top 5 teams selected to participate in HFHS-managed phase 2

Phase 2 Evaluation:

Finalist judging criteria may include:
• Development Period proposal and design
• Product innovation capabilities and design
• Potential to reduce readmissions
• Cost effectiveness, market potential, sustainability of business model, and scalability of product
• Team experience and strength of match

Phase 2 Review Process:

• 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
• 1 winner announced at the live event after all presentations

Submission Requirements

PHASE 1 SUBMISSION REQUIREMENTS

1) Executive Summary (less than 2 pages)

2) Website, mobile application, or portable medical device

3) 10-slide deck explaining the proposed solution, including information about:

  • Product features
  • Target users
  • Example use cases
  • Product development plan
  • Marketing plan
  • Submitting team profiles
  • Business model

4) 3 minute video demonstrating application

5) Core Team Resumes

PHASE 2 SUBMISSION REQUIREMENTS
If selected as a Finalist, Contestants must provide additional submission materials outlining a clinical Development Period proposal, projected budget, and pitch presentation to be delivered at the final judging event. Upon being selected as a Finalist, the Host will assign a clinical mentor to the Finalist to assist in the practical and conceptual development of the Development Period proposal, to be conducted in three discrete sessions.

A. Overview of Development Period proposal addressing the following questions:

  • Why is your proposed Development Period proposal critical to Technology development?
  • What is the scale of your Development Period activities?
  • What is your proposed implementation plan?
  • What resources will be required to implement your project during the Development Period?
  • What are your metrics for success?
  • What challenges or risks do you foresee?

B. Budget overview (description and Excel sheet)

  • What is the total expected cost of your Development Period activities?
  • What are the contributions to be made by the Contestant and Host (resources, technology, staff time and involvement, other costs)?
  • To what extent do you believe additional funding will be required for the Development Period (if applicable)?

C. Slide-deck of Development Period proposal

  • Summary of Development Period proposal in slide-deck format (include all elements from the proposal overview)
  • 10 slides max, PDF format

ELIGIBILITY CRITERIA:

The Challenge is open only to the following Contestants:

(i) Individuals who are at least 18 years of age at the time of entry; and are legal residents of the United States (including the District of Columbia) or a country where such challenges are allowed by the laws of such country and the United States; and are not a “Specially Designated National or Blocked Person” as designated by the U.S. Department of Treasury’s office of Foreign Assets Control from time to time or otherwise identified by any government or legal authority as a person with whom Henry Ford Health System or any of its Affiliates is prohibited from transacting business

(ii) Teams of eligible individuals where each team member meets the eligibility requirements for individuals

(iii) Corporations (including not-for-profit corporations and other nonprofit organizations), limited liability companies, partnerships, and other legal entities that, at the time of entry are legally formed, and employ fewer than fifty (50) people and have raised less than $10,000,000 in funding from any source; and are composed of individuals meeting the requirements detailed above

Employees of the Henry Ford Innovation Institute, the Administrator, each of their affiliates, and/or any other individual or entity associated with the development, judging, or administration of the Challenge as well as members of such persons' immediate families (spouses, children, siblings, parents), and persons living in the same household as such persons, whether or not related, are not eligible to participate in the Challenge. Henry Ford Health System employees are eligible to submit solutions to the Challenge, provided that the submitted solution is not already in development with the Henry Ford Innovation Institute. All submissions from Henry Ford Health System employees are subject to the Henry Ford Health System Intellectual Property Policy.

Contestants must commit to making themselves available for the Finalist judging event to be tentatively held at Henry Ford Innovation Institute in Detroit, Michigan on March 5th, 2014. The date of this event is subject to change.

Terms & Conditions

DEVELOPER CHALLENGE SERIES

HENRY FORD HEALTH SYSTEM REDUCING READMISSIONS CHALLENGE (the "Challenge")

OFFICIAL RULES

NO PURCHASE OR PAYMENT NECESSARY TO ENTER OR TO WIN. A PURCHASE WILL NOT IMPROVE YOUR CHANCES OF WINNING. VOID WHERE PROHIBITED.

SPONSOR: The sponsor of this Challenge is Henry Ford Innovation Institute, 2799 West Grand Blvd, Detroit, MI 48202 ("Sponsor").

ADMINISTRATOR: The administrator of the Challenge is Health 2.0, LLC, 350 Townsend Street, #403, San Francisco, CA 94107 ("Administrator")

CHALLENGE DESCRIPTION: Phase 1 of the Challenge begins at [12:01] AM Eastern Time on [Tuesday], [October 1st], 2013 and ends at [11:59] PM Eastern Time on [Friday], [January 3rd ], 2014 ("Phase 1 Challenge Period"). Phase 2 of the Challenge begins at 12:01 AM Eastern Time on Monday, February 3rd, 2014 and ends at 11:59 PM Eastern Time on Monday, March 3rd, 2014 (“Phase 2 Challenge Period”). Entry into the Challenge does not constitute entry into any other challenge or promotion, including, without limitation, other similar challenges or promotions offered by Sponsor and/or Administrator. By participating in the Challenge, each entrant unconditionally accepts and agrees to comply with and abide by these Official Rules and the decisions of Sponsor, Administrator, and/or the individual judges, which shall be final and binding in all respects.

ELIGIBILITY:
The Challenge is open only to the following Contestants:
(i) Individuals who are at least 18 years of age at the time of entry; and are legal residents of the United States (including the District of Columbia) or a country where such challenges are allowed by the laws of such country and the United States; and are not a “Specially Designated National or Blocked Person” as designated by the U.S. Department of Treasury’s office of Foreign Assets Control from time to time or otherwise identified by any government or legal authority as a person with whom Henry Ford Health System or any of its Affiliates is prohibited from transacting business

(ii) Teams of eligible individuals where each team member meets the eligibility requirements for individuals

(iii) Corporations (including not-for-profit corporations and other nonprofit organizations), limited liability companies, partnerships, and other legal entities that, at the time of entry are legally formed, and employ fewer than fifty (50) people and have raised less than $10,000,000 in funding from any source; and are composed of individuals meeting the requirements detailed above

Employees of the Henry Ford Innovation Institute (“HFII Employee”), the Administrator, each of their affiliates, and/or any other individual or entity associated with the development, judging, or administration of the Challenge as well as members of such persons' immediate families (spouses, children, siblings, parents), and persons living in the same household as such persons, whether or not related, are not eligible to participate in the Challenge. HFII Employees are deemed to be individuals currently fully or partially employed or contracted by the Henry Ford Innovation Institute.

Individuals or teams of Individuals that have employment, contractual, educational, research, or other supporting relationships with the Henry Ford Health System will be subject to the Henry Ford Health System Intellectual Property Policy (“IP Policy”). This Policy applies to all individuals who satisfy both of the following requirements:

(1) are full or part-time Henry Ford Health System employees, trainees, students or volunteers, or have a contractual or appointment relationship with Henry Ford Health System and/or its operating divisions, including all categories of the Medical Staffs of Henry Ford Health System hospitals and medical centers; and

(2) receive financial support from Henry Ford Health System or from private or governmental entities and sponsors, or use Henry Ford Health System resources (including, but not limited to, the facilities, material, equipment, staff, intellectual property or time of Henry Ford Health System) to develop Intellectual Property.
Individuals meeting the applicability requirements set forth above are referred to in the IP Policy as "Creators".

All Creators must comply with the IP Policy and the procedures promulgated hereunder, as the same may be amended or revised from time to time, as a condition of their participating in their work and/or research at Henry Ford Health System, and/or their respective use of Henry Ford Health System resources. The entirety of the Henry Ford Health System Intellectual Property Policy can be found in Appendix X.

Contestants must commit to making themselves available for the Finalist judging event to be tentatively held at Henry Ford Innovation Institute in Detroit, Michigan on March 5th, 2014. The date of this event may be subject to change.

HOW TO ENTER: To enter go to the website located at www.health2challenge.org (the "Challenge Website"), complete the Official Entry Form, and submit your Submission demonstrating the Submission's capabilities and functionality, and slide presentation describing the submission according to the instructions posted on the Challenge Website. You may enter either alone or as part of a team. Teams must include no less than two (2) people and each team member must be clearly identified on the team's Official Entry Form to be eligible. Each Submission entered into the Challenge must meet the "Submission Requirements" described by the challenge Sponsor (any Submission that, in Sponsor's sole discretion, violates the following criteria will be disqualified). Once a submission is made, a team is prohibited from making any changes or alterations to the product described in its submission until the evaluation of the entries is completed.

Submissions must be received during the Phase 1 Challenge Period to be eligible. Administrator is the official timekeeper for the Challenge. No substitutions of new versions of Submissions will be accepted under any circumstances once the original Submission is submitted for consideration. In the event of a dispute regarding the identity of the individual or team who actually submitted the entry cannot be resolved to Sponsor's and/or Administrator's satisfaction, the affected entry will be deemed ineligible. Except as otherwise stated in these Official Rules, personal information collected in connection with the Challenge will be used by Sponsor in accordance with Sponsor’s privacy policy available HERE and by Administrator in accordance with Administrator's privacy policy available on the Website and with any additional consent given by an entrant at the time of entry. All entry information and materials, including any copy of the Submission submitted to Sponsor, become the property of Sponsor and will not be acknowledged or returned. Proof of submission is not considered proof of delivery to or receipt of such entry. Furthermore, Sponsor and Administrator shall have no liability for any Submission that is lost, intercepted, or not received by Sponsor and/or Administrator. Sponsor and Administrator assume no liability or responsibility for any error, omission, interruption, deletion, theft, or destruction or unauthorized access to, or alteration of, Submissions.

PHASE 1 SUBMISSION REQUIREMENTS

Submissions in Phase 1 must meet the following requirements and must not be currently or previously in the product development process with the Henry Ford Innovation Institute:
1) Executive Summary (less than 2 pages)

2) Website, mobile application, or portable medical device

3) 10-slide deck explaining the proposed solution, including information about:

  • Product features
  • Target users
  • Example use cases
  • Product development plan
  • Marketing plan
  • Submitting team profiles
  • Business model

4) 3 minute video demonstrating application

5) Core Team Resumes

PHASE 2 SUBMISSION REQUIREMENTS

If selected as a Finalist, Contestants must provide additional submission materials outlining a Development Period proposal, projected budget, and pitch presentation to be delivered at the final judging event. Upon being selected as a Finalist, the Host will assign a clinical mentor to the Finalist to assist in the practical and conceptual development of the Development Period proposal, to be conducted in three discrete sessions.

A. Overview of Development Period proposal addressing the following questions:

  • Why is your proposed Development Period proposal critical to Technology development?
  • What is the scale of your Development Period activities?
  • What is your proposed implementation plan?
  • What resources will be required to implement your project during the Development Period?
  • What are your metrics for success?
  • What challenges or risks do you foresee?

B. Budget overview (description and Excel sheet)

  • What is the total expected cost of your Development Period activities?
  • What are the contributions to be made by the Contestant and Host (resources, technology, staff time and involvement, other costs)?
  • To what extent do you believe additional funding will be required for the Development Period (if applicable)?

C. Slide-deck of Development Period proposal

  • Summary of Development Period proposal in slide-deck format (include all elements from the proposal overview)
  • 10 slides max, PDF format

ELIGIBILITY CRITERIA:

REPRESENTATIONS AND WARRANTIES/INDEMNIFICATION: By participating in the Challenge, each entrant represents, warrants, and covenants as follows: (a) entrant is the sole author, creator, and owner of the Submission; (b) the Submission is not the subject of any actual or threatened litigation or claim; (c) the Submission does not and will not violate or infringe upon the intellectual property rights, privacy rights, publicity rights, or other legal rights of any third party; (d) the Submission does not and will not contain any harmful computer code (sometimes referred to as "malware," "viruses" or "worms"); and (e) the Submission, and entrants use of the Submission, does not and will not violate any applicable laws or regulations, including, without limitation, applicable export control laws and regulations of the U.S. and other jurisdictions. If the Submission includes any third party works (such as third party content or open source code), entrant must be able to provide, upon Sponsor and/or Administrator's request, all appropriate licenses and releases for such third party works. In the event entrant cannot provide all required licenses and releases, Sponsor reserves the right, in Sponsor's sole discretion, to disqualify the applicable Submission, or seek to secure the licenses and releases for Sponsor's benefit and allow the applicable Submission to remain in the Challenge. Entrants will indemnify, defend, and hold harmless Sponsor and Administrator from and against all third party claims, actions, or proceedings of any kind and from any and all damages, liabilities, costs, and expenses relating to or arising from entrant's Submission or any breach or alleged breach of any of the representations, warranties, and covenants of entrant hereunder. Sponsor and/or Administrator reserves the right to disqualify any Submission that Sponsor and/or Administrator, in its sole discretion, deems to violate these Official Rules.

SUBMISSION LICENSE: EACH ENTRANT RETAINS TITLE AND FULL OWNERSHIP IN AND TO THEIR SUBMISSION. ENTRANT EXPRESSLY RESERVES ALL INTELLECTUAL PROPERTY RIGHTS NOT EXPRESSLY GRANTED UNDER THIS AGREEMENT. By participating in the Challenge, each entrant hereby irrevocably grants to Sponsor and Administrator a limited, non-exclusive, royalty free, worldwide, license and right to use the Submission to the extent necessary to administer the Challenge, and to publically perform and publically display the Submission, including, without limitation, for advertising and promotional purposes relating to the Challenge.
Notwithstanding the foregoing, inventions developed by individuals that satisfy the applicable coverage requirements of the Henry Ford Health System Intellectual Property Policy, as described in Appendix X, are subject to said Policy. Henry Ford Health System holds exclusive proprietary interest in all Intellectual Property, including inventions, creations, discoveries, to the extent the Intellectual Property is made, conceived, developed, contributed to, improved or derived as a result of an entrant's contractual, employment, appointment or other relationship with Henry Ford Health System. All entrants must review and abide by the terms of the Henry Ford Health System’s Intellectual Property Policy. Inventions covered under the policy are eligible for submission and must be disclosed according to HFHS’s Invention Disclosure Form, described in Appendix Y. Henry Ford Health System holds exclusive proprietary interest in all revenue, profits and Net Proceeds generated as a result of commercialization of a Submission created by an individual subject to the IP Policy, which will be shared with the entrant as per the Henry Ford Health System’s Intellectual Property Policy. However, prize money awarded by the Challenge to individuals subject to the IP Policy shall not be deemed Net Proceeds and will be paid directly to entrant.

PUBLICITY RELEASE: By participating in the Challenge, in addition to any other grants granted herein or which may be granted in any other agreement entered into between Sponsor and/or Administrator, on the one hand, and any entrant in the Challenge, on the other hand, each entrant hereby irrevocably (a) grants to Sponsor and Administrator the right to use such entrant's name, likeness, image, and biographical information in any and all media for any purpose, including, without limitation, advertising and promotional purposes relating to the Challenge and (b) releases Sponsor and Administrator from any liability with respect thereto. Participation in the Challenge does not confer any right on the entrant to use any name, trademark, service mark or other designation of the Sponsor (including any contraction, abbreviation or simulation or a Sponsor’s name) in advertising, publicity, or any promotional activities.

WINNER SELECTION/EVALUATION CRITERIA:
Phase 1:
A review panel will select 5 finalists among all eligible entries based on the following evaluation criteria:
• Innovation and unique qualities of application
• Potential to reduce readmissions
• Usability and design of application
• 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

Phase 2:
5 finalists will be invited to participate in a live judging event for the opportunity to win at least one commercialization investment on behalf of HFII. The winner will be selected at the discretion of the judges according to the following criteria:
• Development Period proposal and design
• Product innovation capabilities and design
• Potential to reduce readmissions
• Cost effectiveness, market potential, sustainability of business model, and scalability of product
• Team experience and strength of match

The evaluation criteria are to be applied in the sole discretion of Sponsor and the individual reviewers. By participating in the Challenge, each entrant into the Challenge acknowledges and agrees that such evaluations may differ from person to person and agrees to be bound by and not challenge the final decisions of Sponsor and the individual reviewers.

NOTICE TO FINALISTS AND WINNERS: Attempts to notify potential winners will be made using the contact information provided on the winner's Official Entry Form. Sponsor and Administrator are not responsible for e-mail or other communication problems of any kind. If, despite reasonable efforts, a potential winner does not respond within five (5) days of the first notification attempt (or a shorter time as exigencies may require), or if the prize or prize notification is returned as unclaimed or undeliverable to such potential winner, such potential winner will forfeit his or her prize and an alternate winner may be selected. If any potential prize winner is found to be ineligible, or if he or she has not complied with these Official Rules or declines the applicable prize for any reason prior to award, such potential prize winner will be disqualified and an alternate winner may be selected. Sponsor may successively attempt to contact up to two (2) potential prize winners in accordance with such procedure, and if there is still no confirmed prize winner after such attempts have been made, if any, the applicable prize may go unawarded. Entrants that are selected for a finalist award must participate in the finalist judging event in order to claim the Phase 1 Finalist Prize.

ANTICIPATED NUMBER OF ENTRANTS: Many will enter, five (5) submissions will be selected as finalists. At least one (1) finalist will be selected as the overall winner. Actual odds of winning depend on the number of eligible entries received. Sponsor and Administrator cannot accurately predict the number of entrants who will participate in the Challenge.

PHASE 1 FINALIST PRIZE AND CONDITIONS:
There will be a tiered award structure, selecting winners in two phases. The first narrows the field down to five (5) finalists. The second selects at least one (1) team to make investments in from this field of finalists. Phase 1 Prizes are as follows:

o Five (5) prizes - $10,000 each
o $50,000 total

The potential winner may be required to execute an Affidavit of Eligibility, a Liability Release and (where imposing such condition is legal) a Publicity Release (collectively "Prize Claim Documents). If a winner fails or refuses to sign and return all Prize Claim Documents within five (5) days of Sponsor's and/or Administrator's request (or a shorter time as exigencies may require), the winner may be disqualified and an alternate winner may be selected. No more than the advertised number of prizes will be awarded. Prizes will be delivered only to an address in the U.S. No cash alternative or substitution or transfer of prizes will be allowed, except Sponsor reserves the right in its sole discretion to substitute prizes of comparable value, in whole or in part, for any reason. THE WINNER IS RESPONSIBLE FOR REPORTING AND PAYING ANY INCOME TAXES OR OTHER TAXES THAT MAY APPLY TO ACCEPTING A PRIZE; SPONSOR AND ADMINISTRATOR ARE NOT RESPONSIBLE FOR AND WILL NOT PAY ANY SUCH TAXES.

PHASE 2 INVESTMENT & PRODUCT DEVELOPMENT SUPPORT AWARD AND CONDITIONS:
From the field of five (5) finalists, HFHS will select at least one (1) winning team in which to offer a commercialization investment, consisting of capital and in-kind contributions (Investment & Product Development Support Award). The investment may take different forms depending on the structure of the team, type of technology, and commercial potential, but will include a combination of the following:

A. Capital Investment
The Host may offer a capital investment of up to $100,000 in each of the selected winning solutions. Depending on the formation of the team, type of technology, and potential development path, the investment will take one of three forms, subject to the discretion of the Host and agreed upon by the Winner:

(i) Convertible Debt: The Host would offer the investment via a secured debt instrument that would be converted per HFHS' discretion into a future financing round by the Winner. The conversion preference would be subject to the time the debt is held prior to conversion and the amount of in-kind and clinical support received by the Winner from the Host.
(ii) Equity: The Host will offer a capital investment in the Winner’s Technology in exchange for a set equity share of the resultant company.
(iii) IP Acquisition: The Host may offer to buy the rights to the intellectual property and commercialize the Technology either independently or in partnership with the Winner.

B. Development Support
In addition to capital, the Winners may be offered in-kind and development support both from HFHS, its Commercial Partners, expert mentors, and Challenge Sponsors. Services may include the following:
• Up to nine (9) months of clinical development support within HFHS
• Technology and business support from commercial partners
• Access to notable mentors and subject matter experts across a variety of fields

C. Promotion to Capital Investors
Throughout the Development Period, the Winners will have the opportunity to present their Technologies to capital investors and corporate partners. The primary goal of these sessions is to attract growth capital or attract interest in an acquisition or licensing agreement.

Assignment of Ownership

Depending on the structure of the investment, the Sponsor may be entitled to an ownership stake in the winning company or companies or a share of the independent technologies. This share will be held by the Henry Ford Innovation Institute, an independent 501c3 non-profit entity, and proceeds will be used to fund mission-based innovation investments and education and training.

Winners shall be responsible for any applicable federal, state, and local taxes associated with the investment. The Winner has the right to decline to accept the investment award, in which case the Sponsor reserves the right to offer the investment to the next most qualified finalist.

DATES/DEADLINES: Because of the unique nature and scope of the Challenge, Sponsor and Administrator reserve the right, in addition to those other rights reserved herein, to modify any dates or deadlines set forth in these Official Rules or otherwise governing the Challenge.

GENERAL LIABILITY RELEASE/FORCE MAJEURE: Each entrant agrees that Sponsor and Administrator (a) shall not be responsible or liable for any losses, damages, or injuries of any kind (including death) resulting from participation in the Challenge or any Challenge-related activity, or from entrants' acceptance, receipt, possession, use, or misuse of any prize, and (b) have not made any warranty, representation, or guarantee, express or implied, in fact or in law, with respect to any prize, including, without limitation, regarding such prize's merchantability or fitness for a particular purpose. Entrants will indemnify, defend, and hold harmless Sponsor and Administrator from and against all third party claims, actions, or proceedings of any kind and from any and all damages, liabilities, costs, and expenses relating to or arising from entrant's participation in the Challenge. Sponsor and Administrator assumes no responsibility for any damage to an entrant's computer system which is occasioned by accessing the Website or other Challenge-related websites or participating in the Challenge, or for any computer system, phone line, hardware, software, or program malfunctions, or other errors, failures, delayed computer transmissions, or network connections that are human or technical in nature. Without limiting the generality of the foregoing, Sponsor and Administrator are not responsible for incomplete, illegible, misdirected, misprinted, late, lost, postage-due, damaged, or stolen entries or prize notifications; or for lost, interrupted, inaccessible, or unavailable networks, servers, satellites, Internet Service Providers, websites, or other connections; or for miscommunications, failed, jumbled, scrambled, delayed, or misdirected computer, telephone, cable transmissions or other communications; or for any technical malfunctions, failures, difficulties, or other errors of any kind or nature; or for the incorrect or inaccurate capture of information, or the failure to capture any information. Sponsor and Administrator each reserve the right in their sole discretion to disqualify any individual who is found to be tampering with the entry process or the operation of the Challenge or Website or other Challenge-related websites, to be acting in violation of these Official Rules, or to be acting in an unsportsmanlike or disruptive manner, or with the intent to disrupt or undermine the legitimate operation of the Challenge, or to annoy, abuse, threaten, or harass any other person, and Sponsor and Administrator each reserve the right to seek damages and other remedies from any such person to the fullest extent permitted by law. In the event an insufficient number of eligible entries are received or Sponsor and/or Administrator is prevented from awarding the prize or continuing with the Challenge as contemplated herein by any event beyond its control, including, without limitation, fire, flood, natural or man-made epidemic, earthquake, explosion, labor dispute or strike, act of God or public enemy, satellite or equipment failure, riot or civil disturbance, terrorist threat or activity, war (declared or undeclared) or any federal state or local government law, order, or regulation, public health crisis, order of any court or jurisdiction, or other cause not reasonably within Sponsor's control ("Force Majeure"), Sponsor and/or Administrator shall have the right to modify, suspend, or terminate the Challenge. If the Challenge is terminated for Force Majeure before expiration of the Challenge Period, Sponsor and/or Administrator will (if reasonably possible) select a winner from all eligible, non-suspect entries received as of the date of the event giving rise to the termination. These Official Rules cannot be modified or amended in any way except in a written document issued in accordance with the law by a duly authorized representative of both Sponsor and Administrator. The invalidity or unenforceability of any provision of these Official Rules shall not affect the validity or enforceability of any other provision. In the event that any provision is determined to be invalid or otherwise unenforceable or illegal, these Official Rules shall otherwise remain in effect and shall be construed in accordance with their terms as if the invalid or illegal provision were not contained herein.

GOVERNING LAW/JURISDICTION: ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, INTERPRETATION, AND ENFORCEABILITY OF THESE OFFICIAL RULES OR THE RIGHTS AND OBLIGATIONS OF ENTRANTS, SPONSOR AND/OR ADMINISTRATOR IN CONNECTION WITH THE CHALLENGE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF MICHIGAN WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAWS RULES OR PROVISIONS AND SUBJECT EXCLUSIVELY TO THE JURISDICTION OF THE COURTS IN THE STATE OF MICHIGAN. ANY LEGAL CLAIMS ARISING FROM OR RELATING TO THE CHALLENGE OR THESE OFFICIAL RULES MUST BE BROUGHT IN THE FEDERAL OR STATE COURTS LOCATED IN DETROIT, MICHIGAN.

WINNERS LIST/OFFICIAL RULES: To obtain any legally-required winners list (after the conclusion of the Challenge) or a copy of these Official Rules, send a self-addressed envelope with the proper postage affixed to: Health 2.0, LLC, Attn: Health 2.0 Developer Challenges, 650 Delancey Street #221, San Francisco, CA 94107. Please specify "winners list" or "Official Rules" and the name of the specific Challenge in your request.

© 2013 Health 2.0, LLC. All rights reserved.