Pilot Health Tech NYC is an exciting program which provides $1,000,000 in funding to 10 or more innovative pilot projects to take place in New York City.
Pilot Health Tech NYC provides a total of $1,000,000 in funding to 10 or more innovative pilot projects to take place in New York City. The program seeks to match early-stage health or healthcare technology companies ('innovators') with key NYC healthcare service organizations and stakeholders ('hosts'), including hospitals, physician clinics, payors, pharma companies, nursing associations, major employers and retailers. Each pilot project will test a technology prototype in a healthcare setting for a period of approximately 4-9 months.
New York City is a bustling healthcare ecosystem consisting of major stakeholders, including large provider groups, academic medical centers, payors and pharma companies. Meanwhile, NYC’s many employers and retailers invest millions in employee and consumer wellness. With health on the national agenda and New York City's tech sector taking off, there is a significant opportunity for entrepreneurs and companies to take healthcare complexities into their own hands. In fact, New York City saw two times as much funding invested in healthcare companies in 2013 than in 2010 and the number of startups tripled in that same time frame. These companies have bold visions to use technologies to reduce costs, improve patient care, and tackle health issues, large and small.
The New York City Economic Development Corporation (NYCEDC), in partnership with Health 2.0, launched Pilot Health Tech NYC in 2013 to leverage this momentum and position New York City as the nation's hub for healthcare technology.
Now in its second year, the program aims to:
- Encourage the development and scaling of new technologies that address the Affordable Care Act to improve clinical care, reduce healthcare costs and boost consumer wellness;
- Assist early-stage companies in building long-lasting relationships with NYC health and healthcare stakeholders; and,
- Lay the groundwork for the creation and growth 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 to take place in New York City.
Feb 5 - Live info-session with 2013 winners panel
Feb 19 (extended) - Find a Pilot Partner Applications Due
March 3 - Notification of Match
March 11 - 12 - Matchmaking Sessions
April 9 - Q&A Webinar (Recording Available)
May 6 - Free Workshop (Register)
May 23 - Deadline for Joint Applications
June 26 - Pilot Day
STATS FROM 2013:
200 Matchmaking Sessions
300 people attended 'Pilot Day'
25 NYC hosts involved
$4.5M raised by winning innovators
1000 patients enrolled
Prizes and Perks
Up to $1,000,000 in total awards, plus workshops, recognition, conference demo is available to winners
- Pilot Health Tech NYC will fund up to 50% of the cost of winning pilots, up to a maximum value determined by the complexity of the pilot.
Winners also receive the following:
- In-kind donation of services or resources from your partner 'Host' or 'Innovator', including staff hours, IT resources, physician input, access to data as well as other costs associated with the pilot.
- Pilot planning and implementation support from the program organizers, NYCEDC and Health 2.0
- Be invited to Grantee Day, an exclusive event for winners of the program, where hosts and innovators receive additional mentorship, enjoy networking and benefit from PR assistance and legal advice. Grantee Day helps winners ready their pilots for launch, with expert speakers providing guidance on measurement, evaluation and other best practices.
Expert Judging Panel
- Anthony Lambrou, Director, Worldwide Innovation, Pfizer
- Dan Conroy, Head of Business Development, Aetna CarePass
- Dave Whitlinger, Executive Director, New York eHealth Collaborative
- Deborah Estrin, Professor of Computer Science, Cornell Tech; Co-founder, Open mHealth; Professor of Public Health, Weill Cornel Medical College
- Geoffrey Smith, Founding Director, Mount Sinai Institute of Technology, Icahn School of Medicine; Managing Partner, Ascent Biomedical Ventures
- Jason Sibley, Director, GE Ventures
- Lenzie Harcum, Director, Biosciences & Healthcare, NYCEDC
- Milena Adamian, MD, Director, Life Sciences Angel Network
- Montana Cherney, Creative Director, Veryday
- Rebecca Coelius, MD, Health Vertical Lead, Code for America
- Sam Holiday, VP, Corporate Development & Strategy, Everyday Health
- Sean Nolan, formerly Distinguished Engineer & Manager, Microsoft HealthVault
- Shahid Shah, Chairman, IMN HealthIMPACT
- Steven Dean, Partner, Prehype
- Steven Merahn, MD, SVP/Director, Center for Population Health Management, Clinovations
- Susan Siegel, CEO, GE Ventures & healthymagination
- Tarek Sherif, Co-founder / CEO, Medidata
- Todd Pietri, General Partner, Milestone Venture Partners
How it Works
1. Attend the Info Sessions
The organizers hosted an informational webinar (recording available) on Wednesday, January 29 at 12pm to provide more details about the Pilot Health Tech NYC program to interested participants. If you are in NYC, be sure to attend our in-person event on February 5 at 6:00pm that will showcase 2013 winners and provide more info about the 2014 program. Be sure to sign up for the Pilot newsletter to stay updated on key dates and events!
2. Indicate Interest
Apply to 'Find a Partner' by submitting an application by the extended deadline of February 19th. You must submit this application form if you want to be considered to participate in the in-person matchmaking sessions. The organizers will also facilitate virtual matchmaking through email introductions for innovators selected by our hosts. Interested applicants do not have to go through the Pilot Health Tech NYC matchmaking process in order to jointly apply by the Friday, May 23rd deadline. We encourage innovators to reach out independently to various healthcare service organizations and health stakeholders in the NYC area for potential partnerships.
3. Find a Match
Pilot Health Tech NYC facilitates matchmaking to help innovators and hosts connect to discuss potential pilots. During the first phase of the program, the organizers will hold two in-person matchmaking sessions on March 11th and 12th. Hosts make the final selection about which innovators they will meet with in person; innovators will be officially notified of these meetings prior to the sessions. Pilot Health Tech NYC is not permitted to provide contact information for host organizations to interested innovators. Learn more about how it works.
4. Submit Joint Proposal
'Host' and 'Innovator' apply as a pair to Pilot Health Tech NYC by submitting a joint pilot proposal by Friday, May 23, 2014. Applications without a 'host' or 'innovator' co-applicant will not be accepted.
5. Receive Award & Implement Pilot Projects
A panel of expert judges will review proposals and select 10 or more winners to receive $1 million in funding in total. Winners will be announced at Pilot Day, a marquee event where winners are revealed to 300+ leaders of the tech and healthcare communities. The selected winners will then implement their pilot projects over a period of approximately 4-9 months. The Pilot Health Tech NYC team will provide pilot planning and implementation support services at Grantee Day, an exclusive day of workshops, support and guidance for winners.
6. 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 City of New York.
- Launch – Thursday, January 23, 2014
- Informational Webinar (online) – Wednesday, January 29, 2014
- Winner Panel & Info Session (in-person) - Wednesday, February 5, 2014
- Find a Pilot Partner Applications Due – Wednesday, February 19, 2014
- Notification of Match – Friday, February 28, 2014
- Matchmaking Sessions – Tuesday, March 11 and Wednesday, March 12, 2014
- Q&A Webinar - Wednesday, April 9, 2014 (Register)
- Deadline for Joint Applications – Friday, May 23, 2014
- Judging Period – Monday, May 26, 2014 - Monday, June 16, 2014
- Pilot Day – Thursday, June 26, 2014
For winners only:
- Pilot planning and implementation: July 2014 and Onwards
- Grantee Day – Thursday, July 9, 2014
- Conference exhibition opportunity: September 2014 (TBD)
Host Eligibility: The 'host' must be a healthcare organization or employer with a strong presence in NYC (e.g. large employers, hospitals, physician clinics, payers, pharmaceuticals, nursing associations, universities, disease foundations, community health organizations, retailers etc.) and must meet the following eligibility criteria:
- Both healthcare and non-healthcare organizations are encouraged
- Healthcare organizations must serve no fewer than 150 patients (if a provider) in the NYC metropolitan area
- Non-healthcare organizations must employ at least 250 people in NYC (with some exceptions)
- Ability to allocate time and resources to plan and implement the pilot project
- Allocate one business-minded champion to shepherd project from the initial application through the pilot’s implementation
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 in NYC 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 (>50% of employees work in NYC).
- If 'innovator' company does not have a primary place of business in NYC, the 'innovator' company must demonstrate how it plans to establish and maintain its primary place of business in NYC if selected as a winner.
- 'Innovator' applicant has not previously won a Pilot award for the same product. Note: previous Pilot winners may still participate in matchmaking with 'hosts.'
All pilots must take place in the five boroughs of New York City.
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 priority areas below in which innovative technologies can help address the Affordable Care Act by improving the quality of care and reducing healthcare costs. Applicants are encouraged, but not required, to address these priority areas with their technology submissions.
- Wireless health and home monitoring devices
- Enterprise technology
- Medical devices
- Tech-based medical devices (i.e. with software component)
- 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
Consumer well-being and engagement:
- Fitness and wellness
- Healthy eating
- Access to data and patient empowerment
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 Friday, May 23, 2014. 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:
1. General Information about 'innovator' and 'host'
- Contact information, Company office address
- Annual revenue, amount of capital raised and type of investors
- Number of full and part-time employees in NYC and elsewhere
- How did the innovator and host partnership arise?
2. 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?
- What is your target population?
3. Demo video of 'innovator' product
- 5 minutes max uploaded publicly or privately to Youtube or Vimeo. Please provide password for private video.
4. Overview of Pilot Proposal addressing the following questions:
- Why is your proposed pilot important?
- What is the scale of your pilot?
- What is your target patient or consumer population and why?
- 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?
- Does your pilot require IRB approval? Please describe plan and timeline.
What is the potential for impact in NYC from the perspective of improving patient health and helping hosts address the Affordable Care Act?
5. Budget overview (description and Excel sheet)
6. 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)?
- Characterize the cost and complexity of your pilot. Are host and innovator devoting major resources to develop new systems/ integrate into existing systems, or are you collaborating to distribute a finished product?
- 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 funding out of a total $1 million with the following parameters: 1) each selected winner will receive no more than 50% of the cost of an individual pilot program, and 2) the host/innovator pair is responsible for providing funding or in-kind resources for the remainder of the budget, which must be of equal or greater value than the amount awarded. If selected, the two parties are free to decide how the Pilot Health Tech NYC funding will be allocated between host and innovator. The budget submitted as part of the application should be an accurate representation of the cost of the pilot program
7. Slide deck of Pilot Proposal
- Summary of Pilot Project in Slidedeck format (include all elements from the Pilot Proposal overview)
- 10 slides max, PDF format
8. Resume of Primary Contact (Innovator)
9. Letter of Support from Host Organization
10. Commitment to NYC
- Please describe how you expect to create more jobs in NYC and expand your presence during and after the pilot project.
- If your company does not have a primary place of business in NYC, please detail your relocation plan and how you will create jobs in NYC in the short and long-term. Please note that primary place of business is defined as >50% of employees working in NYC.
- Where is your NYC office located? What is the square footage? What is your long term growth plan in NYC?
- Note that if selected, winners must provide regular reports to NYCEDC to demonstrate continued eligibility in establishing or maintaining a primary place of business in New York City
11. Optional: Any additional supporting documents (articles, recommendations, awards and achievements, 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. Winners must provide regular reports to NYCEDC throughout the pilot implementation period to demonstrate continued eligibility in establishing or maintaining a primary place of business in New York City
Applications will be evaluated by an expert judging panel using six key criteria and weights listed below:
- Pilot proposal and design (25%): Includes the quality of the pilot concept, feasibility, potential for success and ability to meet all milestones, cost-effectiveness, sustainability, and scalability of the pilot to a broader population in the long term.
- Potential for Impact on NYC (25%): Includes the potential impact on the creation of NYC-based healthcare technology jobs. This includes existing jobs or plans for presence in NYC with regards to the number of employees, office space, or potential for growth.
- 'Innovator' company's product potential (15%): Includes innovativeness of technology product, capabilities, and potential for commercial success.
- Potential for health impact (15%): Includes the potential impact on a critical healthcare need.
- Team experience and strength of match (10%): Includes experience of team members, prior successes and capacity of the team to execute and bring the technology to market as well as fit between 'host' and 'innovator'.
- Pilot budget and scale (10%): Includes the efficiency, completeness and realism of the pilot’s budget. The Pilot Health Tech NYC organizers value a diversity of pilots by size and type