You attended the HackFit and Brigham and Women’s iHub Hackathon in mid-September. You attended the Hacking Pediatrics Hackathon in mid-October. You got an idea, you got a team, but you’re not sure where to go next. Perhaps, you’re a little shy of private venture capital funds? Maybe because you don’t want the pressures of outside funds directing your product and expecting an overzealous return on investment.
What else is there? Earlier, we covered the story about the Boston University Center for Future Technologies in Cancer Care Alpha Core Lab. It’s funded by grants from the National Institute of Health National Institute of Biomedical Imaging and Bioengineering. The lab would provide funding, mentorship, regulatory advice, and a lab to prototype your invention. But you don’t have a cancer question to solve.
Phil Weilerstein, the Executive Director of the National Collegiate Inventors and Innovators Alliance (NCIIA), took a moment out of his busy day to discuss the E-Team Program, which is an accelerator for biomedical devices, health care solutions, and/or global health-based technologies. Whippie! That pretty much encompasses anything you pitched at the recent healthcare hackathons in Boston.
The E-Team Program (E stands for Entrepreneurship) is an integrated program of funding, training, coaching, and investment. An E-Team is defined as as a multidisciplinary group of students, faculty, and industry mentors working together to bring a technology-based invention (product or service) to market.
E-Teams selected to participate in the E-Team Program will have the opportunity to secure up to $75,000 in funding, attend 2 required workshops (Stage 1 and Stage 2), and receive coaching from NCIIA. In the final stage of the program, a small number of qualifying teams will be selected to participate in VentureWell and have the opportunity to receive investment funding from NCIIA and their partners (of which the National Science Foundation is a big contributor).
Mr. Weilerstein tell us that “Boston is really a center of incredible research and innovation in the healthcare arena.” He would “really like to see more teams apply to their E-Team Program in the future.”
The winner the past Boston HackFit hackathon was Brian Mullen, PhD with his electronic pin that keeps track of how much weight you lift on a particular gym machine (so that you don’t have to write it down all the time). Dr. Mullen was also the CEO and Founder of Therapeutic System, the recipient of NCIIA E-Team grant in 2007. Therapeutic Systems makes the Vayu Vest, a product for autistic children.
NCIIA is a 17-year-old, national nonprofit organization that promotes science and technology innovation and entrepreneurship in universities and colleges across the U.S. Their work has led to the launch of 180 new ventures, 71% of which are still operating or have had successful exits.
Founded with support from the Lemelson Foundation, NCIIA also receives substantial funding from the National Science Foundation, the United States Agency for International Development, and other funders.
The deadline for the biomedical devices, health care solutions, and/or global health-based technologies E-Team Program application is May 9, 2014. Click here to apply for the grant.
My passion is healthcare optimization, whether that is with innovation, making scientific discoveries, or improving delivery. I love bringing people and ideas together and making projects work. With this, medicine exists to improve lives, and I will strive to always help patients and those around me.
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