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Cardiologists, Incubator Partner on Health Challenge

Currency dice (MD4 Group/Flickr)

(M4D Group/Flickr)

13 November 2014. American College of Cardiology is taking part in an international challenge to find start-ups developing breakthrough technologies, sponsored by 1776, an incubator and investment fund in Washington, D.C. The Challenge Cup, as the competition is called, takes place in 16 cities in 11 countries, with a total prize package of $650,000.

Challenge Cup aims to identify the most promising start-up enterprises developing solutions to global problems in four categories: education, energy, cities, and health. The health category covers includes personal health and medical solutions, as well as health care delivery, finance, mobile health, and corporate wellness. Competition is open to for-profit businesses raising less than $1.5 million, generating less than $3 million in revenue, and offering what the organizers call “a scaleable product or service.”

The Challenge Cup provides 40 participants selected from applicants in each of the 16 cities with a 2-day business accelerator program and pitch coaching, along with mentoring and networking with other entrepreneurs and investors. An elevator pitch contest, progressing from 1 to 5 minutes will identify 4 competitors for a finals round in Washington, D.C. The 64 finalists will then compete for $650,000 in prizes, and up to $150,000 in investment funds.

American College of Cardiology is sweetening the health category with an all-expense paid trip for finalists to attend the group’s scientific meeting in San Diego in March 2015. The organization is 1 of 4 Challenge Cup association partners, and the only collaborator in the health field.

The 2015 Challenge Cup is already underway, with local activities in 7 of the 16 cities completed by the end of this week. The next application deadline, for competitions in Beijing and Nairobi, is 19 December 2014. The next U.S. competition is in Austin in February 2015, with an application deadline of 9 January 2015. The finals competition is scheduled for May 2015.

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