MedTech SouthEast. Promoting independent living through innovative new technology. Guidance for applicants. A programme for medtech ventures

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1 MedTech SouthEast Promoting independent living through innovative new technology A programme for medtech ventures Guidance for applicants

2 The development of new, affordable technologies is opening up significant opportunities for how we manage and monitor our health. Good design is fundamental in creating a product that people want to use, and is especially important when it comes to independent living. It demands that companies look at challenges from a user s point of view and come up with imaginative, practical and above all user-friendly solutions. We re delighted to be working with Design Council to give medtech entrepreneurs this unique chance to unlock the full commercial and medical potential of their ideas. Dr Eliot Forster, Executive Chair, MedCity

3 MedTechSouthEast is a new competition from Design Council and MedCity, supported by AXA PPP healthcare. If you are an entrepreneur developing products for the healthcare market, this is your opportunity to take part in a programme to help refine your product innovation for market entry and investment. You will also benefit from being showcased to MedCity s network of investors and funders who are keen to identify and develop the next generation of medical product innovations for assisted living in London and the south-east of England. We are looking for ten exciting ventures for our first cohort. Each team will benefit from support and expertise from the combined support, mentoring and expertise offered by both Design Council and MedCity. The Programme The programme combines an intensive two-day bootcamp in London on 19 & 20 November with three days of one-to-one coaching for individual teams, concluding in February October Deadline for entries 2 November Finalists contacted 10 November, London Finalists pitch to Selection Panel and ten winners announced 19 & 20 November, London Programme Kick-Off and two-day bootcamp November Spring 2016 Follow on coaching (three days per team) Spring 2016 AXA PPP s Health Tech & You Awards 2016 and showcase The final ten will also be entered into AXA s Health Tech & You Awards 2016, an initiative that aims to recognise, celebrate and showcase the best in personal health technology innovations.

4 The Selection Panel Roger Highfield Mary-Keane Dawson Bill Sermon Tom Buckland Maryam Atakhorami Panel Chair Entrepreneur Designer Imperial Innovations UCL Industrial Partnerships What are our Selection Panel looking for? Our Selection Panel, made up of clinicians, innovators and designers, is looking for ventures with revolutionary product ideas which enable people of all ages to manage medical conditions whilst living independently and maintaining quality of life. Innovations must be developed to a point where propositions have been validated by clinical evidence and are near to market entry. Innovation and feasibility We are looking for innovative ideas. Innovation can span a broad spectrum, from disruptive, game-changing ideas through to a gentle and intelligent nudge. We want to see solutions to consumer problems, or significant improvements to existing products which have been validated by clinical evidence and research. Need and market Does the product idea meet a clear and compelling user/market need? How does the new product replace or improve current care models? Does it reduce manufacturing costs/ replace outdated technology/improve safety? Technical feasibility Can the product be accelerated within an intensive ten week timeframe, and is manufacturing capability in place to deliver the product within the next two years? Business viability Have the founders demonstrated commitment to their business strategy as well as product development? Is there a clear business plan in place and dedicated time to make this happen? Finalists will be invited to pitch their product ideas directly to the Selection Panel at a special event in London on the evening of Thursday 10 November 2015.

5 Why? New technologies are opening up exciting new opportunities to empower people to take control of their own health by maintaining greater independence in the home, understanding, monitoring and managing their own condition, and reducing the need to visit hospitals or surgeries. The practical, problem-solving, humancentred approach of good design is fundamental to developing effective, usable and commercially successful medical technologies. Through combining our experience and expertise in life sciences, design and innovation we have developed a programme to support ventures in the research and clinical communities to develop, validate and fully commercialise products which will improve lives and showcase the greater southeast of England as a world leading, interconnected region for life science research, development, manufacturing and commercialisation. MedCity is a unique enterprise that brings together London s outstanding life sciences sector with the greater southeast region in order to stimulate greater economic growth. Design Council is an enterprising charity which works to improve people s lives through the use of design.

6 Terms of entry Information submitted By completing the online application form, you are agreeing that all information submitted is true and accurate at the time of submission. Intellectual property You may be sharing some of your intellectual property with us as part of your application. Intellectual property includes items such as logos/ trademarks, rights in inventions, and any know-how owned by you. We confirm that we do not wish to own any of this intellectual property ourselves, and will not share or make use of it without your permission. Confidentiality Unless you grant us specific permission, we will not use or distribute any of the materials you submit, for any purpose other than to evaluate your suitability for the programme. Information for this purpose may be accessed by representatives employed by or working on behalf of MedCity, Design Council or AXA PPP healthcare. We also require you not to share, or use for your own commercial benefit, any confidential information which may be shared with you by other attendees on the MedTechSouthEast programme. Promotion and Publicity By accepting a place on the programme, you will consent to the recording of key moments during your participation in the programme. This material will be used in blogs, case studies, articles, presentations and other formats. We will use this material to share knowledge of best practice across relevant networks connected to Design Council, MedCity and AXA PPP healthcare, and to showcase your venture for promotional and publicity opportunities. Participation and commitment Design Council, MedCity and AXA PPP healthcare have come together to provide this specialised package of support to ventures with high growth potential to accelerate their development at a critical stage of growth. We ask that, in return, you commit to being punctual for all workshops and fully participate in order to achieve maximum benefit. Further Information designcouncil.org.uk/medtechse T: E: enquiries@designcouncil.org.uk