Dec. 1, 2015 - Pilot Health Tech NYC Q&A Webinar
Pilot Health Tech NYC provides funding to 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. The program seeks to fund projects that have a clear path to commercialization beyond the pilot. Each pilot project will test a technology prototype in a healthcare setting for a period of approximately 4-9 months in order to evaluate the technology for purchase by the Host.
Prizes and Perks
$1,000,000 over three years in total awards, plus workshops, recognition, conference demo is available to winners. For proposals due in December 2015, Pilot Health Tech NYC anticipates awarding pilot projects as follows:
Complex Systems (One $100K award is available) - These proposals are characterized by:
- Big, complex host settings
- Large-scale deployment of custom-built hardware
- Extensive systems integration on the back end
- An innovator who directly provides patient support (e.g. call center, remote health coaches)
Scalable Solutions (Seven $50K awards are available) - These proposals are characterized by:
- Moderately complex host settings
- SaaS deployments with minimal-to-moderate systems integration
Turn-Key Projects (Two $25K awards are available) - These proposals are characterized by:
- Minimally complex host settings
- Deployment of a native app
- Deployment of pre-existing hardware.
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. If you are selected as a winner, a maximum of 50% or $33,333 of the award, whichever is less, will be paid upon completion of Declaration of Eligibility.
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.
- The opportunity to be featured on the main stage of Health 2.0's Fall Conference in front of 2,500 leaders in digital health.
- Launch – Tuesday, September 8, 2015
- Find a Pilot Partner Applications Due – Thursday, October 8, 2015
- Notification of Match – Monday, October 19, 2015
- Matchmaking Sessions – Wednesday, October 28, 2015
- Informational Webinar (online) – Wednesday, November 4, 2015
- Funding Program Q&A Webinar - Thursday, December 3, 2015
- Deadline for Funding Program – Friday, December 18, 2015
- Judging Period – January 2016
- Pilot Day – Wednesday, February 17, 2016
For winners only:
- Pilot planning and implementation: March 2016 and onwards
- Grantee Day – Wednesday, March 30, 2016
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
Hosts should have well-defined organizational processes for the evaluation and deployment of new technologies.
Innovator Eligibility: The Innovator (an early-stage healthcare technology company) must have robust, commercial solutions ready to deploy to hosts 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 100 employees (with some exceptions)
- Less than $50M in venture capital funding raised (with some exceptions)
- Must have a primary place of business in NYC (>50% of employees work in NYC) at the time of the submission.
- Innovator applicant has not previously won a Pilot award for the same product.
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
Check back soon for more details!
Applications will be evaluated by an expert judging panel using six key criteria and weights listed below:
- Pilot Proposal & 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
- Innovator company’s product potential (20%): Includes innovativeness of technology product, capabilities and potential for commercial success
- Strength of Match (10%): How well the Host and Innovator fit together
- 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
- Potential for health impact (10%): Includes the potential impact on critical health care needs
- Potential of Impact of 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. The highest scores will be reserved for companies that submitted a Memorandum of Understanding between the two parties that will lead to a commercial contract, if certain pilot metrics are met.
Milena Adamian, Director at Life Sciences Angel Network
Deborah Estrin, Professor of Computer Science at Cornell Tech
Richie Etwaru, Chief Digital Officer at IMS Health
Richard Forman, Managing Partner at Health Venture Group
Jeff Frey, IT Director of Digital Experience at MD Anderson
Vivek Garg, Director of Medical Operations at Oscar
Tina Joros, Business Development at Allscripts at Allscripts
Lexie Komisar, Business Development Lead at IBM Watson
Andy Krackov, Sr. Program Officer at CHCF
Craig Lipset, Head of Clinical Innovation at Pfizer
Cecil Lynch, CMIO at Accenture
Jeff Makowka, Director, Market Innovation at AARP
Sandeep Patel, Open Innovation Manager at US Department of Health and Human Services
Todd Pietri, General Partner at Milestone Venture Partners
Erik Pupo, Managing Director, North America Clinical and Health Management Services at Accenture
Mitesh Rao, Co-Director, Center for Innovation & Scholarship at Stanford HealthCare
Jeffrey Ries, Manager at Intermountain Innovation Fund
Elizabeth Rounsavall, Director, Research & Analytics at Chrysalis Ventures
Sonia Samagh, Director, Innovation and New Market Transformation at DaVita Partners
Shahid Shah, Chairman at HealthIMPACT
Jason Sibley, Director at GE Ventures
Susan Siegel, GE Corporate Vice President and CEO, healthymagination GE at GE healthymagination
Bryan Spielman, EVP Strategy and Corporate Development at Medidata Solutions Worldwide
Tamara St.Claire, Chief Innovation Officer at Xerox