PILOT Health Tech NYC
Submission DeadlineSubmissions are Closed
- Pilot Projects up to $100,000 each plus demo opportunities
Congratulations to our 2013 winners!
> AdhereTech // Weill Cornell Medical College
> BioDigital // Memorial-Sloan Kettering Cancer Center
> Bio-Signal Group // New York Methodist Hospital
> eCaring // Pace University
> Flatiron health // Continuum Health Partners
> Opticology, Inc. // New York Eye & Ear Infirmary
> Rip Road // VNSNY SelectHealth
> Sense Health // University Behavioral Associates
> StarlingHealth // VillageCare
> Vital Care Services // Pace University
More detail about the winning pilots can be viewed at www.pilothealthtechnyc.com.
Interested in participating in next year's PILOT Health Tech NYC program? Sign up for the newsletter!
PILOT Health Tech NYC is an exciting new program which provides funding of up to $100,000 each to 10 innovative pilot projects to take place in New York City. The program seeks to match early-stage healthcare technology companies ('innovators') with key NYC healthcare service organizations or individuals ('hosts'), including hospitals, physician clinics, payors, pharma companies, and nursing associations. Each pilot project will be focused on addressing defined needs of the healthcare industry and testing a technology prototype in a healthcare setting for a period of approximately 3-6 months.
How It Works
- Attend the Info Session
The organizers hosted an information session webinar on Wednesday, February 6 from 2-3pm to provide more details about the PILOT Health Tech NYC program to interested participants. On the webinar, they answered any questions and explained the process. If you missed the webinar, you can still view the recording and review the slides. Also, sign up for our newsletter to stay updated.
- Indicate Interest
If you are an 'innovator' or 'host' seeking a pilot partner, PILOT Health Tech NYC organizes facilitated matchmaking sessions to help innovators and hosts connect. During the first phase of the matchmaking sessions, "Innovators" and "hosts' each filled out the 'Find a Pilot Partner' form indicating interest, capabilities, and resources by Sunday, February 10, 2013 to apply for the matchmaking sessions. While the first phase of matchmaking sessions has closed, please still apply to 'Find a Pilot Partner' as we will likely have another set of matchmaking sessions in March. Note that interested applicants do not have to go through the PILOT program's matchmaking process to apply. 'Innovators' and 'Hosts' who choose to find their pilot partner on their own may still apply as a pair.
- Find a Match
The PILOT Health Tech NYC team will initially screen 'innovators' and send a short list to 'hosts' to choose from. Once 'hosts' have chosen the innovator companies, organizers will invite selected participants to 'Matchmaking Sessions' held on two dates, Wednesday, February 20th and Thursday, February 21st from 3-6pm. Think of it as speed-dating for healthcare technology pilot projects! After the matchmaking session, the 'innovators' are expected to follow up with the 'hosts' to agree on a pilot project and work together to develop the details of their proposed pilot study. See submission requirements.
- Submit Join Proposal
'Host' and 'Innovator' applies as a pair to PILOT Health Tech NYC by submitting a joint pilot proposal by Monday, May 27, 2013. Applications without a 'host' or 'innovator' co-applicant will not be accepted.
- Implement Pilot Projects
A panel of expert judges will review proposals and select 10 winners to receive funding of up to $100,000 each. Winners will be announced at a 'PILOT' Day. The selected winners will then implement their pilot projects over a period of approximately 3-6 months. The PILOT Health Tech NYC team will provide pilot planning and implementation support services, including holding two workshops on relevant topics.
- Promote Results
The selected winners will have the opportunity to present their pilot projects at major health events and conferences. Any preliminary data and proof-of-concept results may be used for promotional purposes on the PILOT Health Tech NYC website, in press releases, newsletters, and other marketing material. This is a chance for both 'innovators' and 'hosts' to be in the spotlight, supported by the Bloomberg Administration.
New York City is a bustling healthcare ecosystem consisting of major stakeholders, including large provider groups, academic medical centers, payors and pharma companies. With healthcare dominating national policy discussions and New York City's burgeoning tech sector, there is a significant opportunity for entrepreneurs and companies to take healthcare complexities into their own hands. In fact, in 2012, New York City saw three times as many investments in healthcare companies than in 2011. These companies have bold visions to use technologies to reduce costs, improve patient care, and tackle healthcare issues, large and small.
The New York City Economic Development Corporation (NYCEDC) and the Bloomberg Administration, in partnership with leading health organizations Health 2.0, StartUp Health, and Blueprint Health, launched PILOT Health Tech NYC to leverage this momentum and position New York City as the nation's hub for healthcare technology.
The program aims to:
- Encourage the development and scaling of new technologies to improve clinical care while reducing costs;
- Assist early-stage companies in building long-lasting relationships with existing NYC healthcare stakeholders; and,
- Lay the groundwork for the creation of new businesses in NYC.
The program helps innovators and hosts "match" with each other through facilitated matchmaking sessions, and seeks innovators and hosts to submit joint proposals for innovative pilot projects.
Host Eligibility: The 'host' must be a healthcare organization or individuals providing healthcare services (e.g. hospitals, physician clinics, payers, pharma, nursing associations, etc.) and must meet the following eligibility criteria:
- Serving no fewer than 150 patients (if a provider) in the NYC metropolitan area
- Ability to allocate time and resources to plan and implement the pilot project
- Allocate one business-minded champion to shepherd project
Innovator Eligibility: The 'innovator' (an early-stage healthcare technology company) 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.
- If 'innovator' company does not have a primary place of business in NYC, the 'innovator' company must demonstrate how it plans on establishing a substantial presence in NYC if selected as a winner.
The New York City healthcare community including healthcare providers, payors, academic medical institutions, and entrepreneurs participated in the Eds & Meds 2020 strategic review of the healthcare technology sector led by the New York City Economic Development Corporation (NYCEDC). These stakeholders identified the priority areas below that can benefit from innovative technology solutions. Applicants are encouraged, but not required, to address these priority areas with their technology submissions.
- Wireless health and home monitoring devices
- Consumer technology vs. enterprise technology
- Data analysis to improve outcomes and/or reduce cost of care
- Population level data analytics and predictive modeling
- Tools to improve patient compliance and disease management
- Medication adherence and medication checking
- Tools to improve communication and patient satisfaction metrics
- Tools to manage clinical trials and patient networks
- Effective marketing methods for new patients
- Care coordination and integration
- Productivity enhancements and streamlining processes
- Deadline for submitting the "Find a Pilot Partner" Form: Sunday, February 10, 2013
- Notification of a Match: Sunday, February 17, 2013
- Matchmaking Sessions: Wednesday, February 20 and Thursday, February 21, 2013, 3-6pm
- Deadline for Joint Innovator-Host Submissions: Monday, May 27, 2013
- Winners announced at the 'PILOT Day': Wednesday, June 26, 2013
Applications will be evaluated by an expert judging panel using five key metrics and weights listed below:
- Pilot proposal and design (20%)
- Pilot company's product innovation, capabilities and benefits (20%)
- Potential for impact (15%)
- Cost-effectiveness, affordability, sustainability, & scalability of pilot (25%)
- Team experience and strength of match (20%)
The 'host' and 'innovator' co-applicants must discuss and agree upon the pilot project design prior to submitting an application. To apply, jointly complete this application form by Monday, May 27, 2013. We encourage you to preview the application in its entirety to ensure you have the information prepared. The 'host' and 'innovator' are asked to submit a joint proposal with the following submission elements:
- General Information about 'innovator' and 'host'
- Contact information
- Annual revenue, amount of capital raised and type of investors
- Number of employees in NYC
- Technology solution of 'innovator'
- What is the unmet need your technology or innovation is designed to address?
- Tell us more about your technology solution.
- What is your business model?
- Demo video of 'innovator' product
- 5 minutes max uploaded publicly or privately to Youtube or Vimeo. Please provide password for private video.
- Overview of Pilot Proposal addressing the following questions:
- Why is your proposed pilot important?
- What is the scale of your pilot?
- What is your proposed timeframe and implementation plan?
- What resources will be required to implement your pilot?
- What are the proposed roles for the Innovator and the Host?
- What are your metrics for success?
- What challenges or risks do you foresee?
- Budget overview (description and Excel sheet)
- What is the total cost of your proposed pilot?
- What are the contributions to be made by the Innovator and Host (resources, technology, staff time and involvement, other costs)?
- What is the level of matching funding you are requesting from PILOT Health Tech NYC?
- To what extent do you believe additional funding will be required for subsequent pilots or phases of your pilot (if applicable)?
- How will you allocate the funding received from NYCEDC between 'host' and 'innovator' if chosen?
- NOTE: PILOT Health Tech NYC will provide up to $100,000 in funding to match a host and innovator's in-kind donation of services or resources in order to offset costs. The two parties are free to decide how funding will be allocated between 'host' and 'innovator'.
- Slidedeck of Pilot Proposal
- Summary of Pilot Project in Slidedeck format (include all elements from the Pilot Proposal overview)
- 10 slides max, PDF format
- Resume of Primary Contact (Innovator)
- Letter of Support from Host Organization
- Optional: Any additional supporting documents (articles, recommendations, etc.)
Please note that if a submission is selected as a winner, the 'host' and 'innovator' must sign a written agreement delineating their pilot implementation plan and any terms and conditions prior to piloting the project.