Six finalists will be selected to present at the Finals that will take place on April 25, 2018, from 10 a.m. - 1 p.m. The Grid will help each finalist with compiling a successful pitch. Each presenter will have 10 minutes to present the concept, followed by about 10 minutes of questioning. The "Shark Tank" style event will feature a panel of judges representative of industry, advocacy, investors, and the research and medical communities. The winning project, or projects, deemed to be the most innovative will be announced at the conclusion of the competition in February.
Judging of entries will consist of two steps. First, an independent panel of reviewers within the Grid will be asked to review and score all entries using the listed judging criteria below.
In the second step of the competition, the finalists will be invited to pitch their idea in a final competition before a panel of top industry judges. This final competition is the second step in the judging process. They will also use the same judging criteria below. The panelists’ scores will be used to select the best ideas and the competition winner(s).
- The potential impact on patients and/or consumers in terms of the creativity/ingenuity of the concept
- Significance of this concept as an advancement for health science, public health or the community
- Likelihood of Development: Investment potential and consideration of ongoing funding support
- Timeframe and probability of success
- Overall impression
After each presentation, the panelists can ask a number of questions to probe the finalists on the business idea. All of the panelists will be required to judge the idea based on the judging criteria. The panelists will determine who wins the competition prizes. The panelists are there to critique the idea and give advice about the finalist’s business idea.