The 2nd Annual Medical Capital Innovation Competition (MCIC2) is a two-day business plan competition open to professional and collegiate teams from around the world that are working with big data, artificial intelligence, enhanced reality and other disruptive technologies to improve healthcare. $100,000 in prizes, mentoring, and access to business advisors, including world-class healthcare systems and collaborators, will be awarded. MCIC2 is presented by BioEnterprise in partnership with the Global Center for Health Innovation (Global Center), Cuyahoga County, and Healthcare Information and Management Systems Society (HIMSS) and takes place at the Global Center for Health Innovation (Global Center) in Cleveland, Ohio on April 23-24, 2018.

Applications are accepted from January 8, 2018 thru March 16, 2018. Submissions are accepted into the Competition on a rolling basis.

Divisions

The Medical Capital Innovation Competition has two divisions:

Open Division

• Open Division teams should be startups that are presenting disruptive technology that has a commercial pathway, meets a market need, and will impact healthcare, regardless of stage of commercialization.
• Applicants cannot have raised more than $1.25 million in dilutive funding. This does not include research grants and similar non-dilutive funding vehicles.

Collegiate Division

• The Collegiate Division is open to teams that are made of currently enrolled students and should be based on a project that originated out of their academic situation/experience.
• Collegiate Division teams may have no more than one member that is not, at the time of the competition, enrolled in an undergraduate or graduate program.
• Presenting member(s), must be, at the time of the competition, enrolled in an accredited graduate or undergraduate program.

Selection Process

Applications will be reviewed by a selection committee and, if chosen, invited to compete at the Medical Capital Innovation Competition. The selection committee will consider the following criteria when evaluating applications:

• Whether the solution proposed is viable. Viability will be assessed from a technical and market perspective.
• Whether the assembled team has the requisite skills and experience to contribute to the success of the project.
• The degree to which the solution has an impact on improved healthcare.

About The Medical Capital

The Medical Capital brings together Cleveland’s clinical, educational, and research institutions, philanthropies, government, and economic development engines. The initiative provides a platform to connect, collaborate and to think of the region’s biomedical and healthcare assets as a single entity that is greater than the sum of its parts. Convened by BioEnterprise, the initiative promotes the vibrant biomedical and healthcare industry in the 18-county Northeast Ohio region. The Medical Capital includes more than 700 biohealth companies, 30 clinical, research and educational institutions, $735 million annually in research funding, and more than $200 million annually in private startup funding. For more information: TheMedicalCapital.com.

Thanks to the generous support from our sponsors, the Medical Capital Innovation Competition will reward the following prizes to winning teams. In addition, healthcare partners may award collaboration prizes to any number of competing teams.

PROFESSIONAL DIVISION

First Place:

• $50,000
• Collaboration opportunities with major participating healthcare partners
• Opportunity to exhibit at HIMSS19, February 11-15, 2019, in Orlando, Florida.
• Supporting level collaborator benefits in the HIMSS Innovation Center

Second Place:

• $25,000
• Supporting level collaborator benefits in the HIMSS Innovation Center

Third Place:

• $15,000
• Supporting level collaborator benefits in the HIMSS Innovation Center

COLLEGIATE DIVISION

First Place:

• $6,000
• Opportunity to exhibit at HIMSS19, February 11-15, 2019, in Orlando, Florida.
• Supporting level collaborator benefits in the HIMSS Innovation Center

Second Place:

• $3,000
• Supporting level collaborator benefits in the HIMSS Innovation Center

Third Place:

• $1,000
• Supporting level collaborator benefits in the HIMSS Innovation Center