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$50,000 in Awards to New York City-based Health Tech Innovators Developing Technologies to Solve Urgent Healthcare Problems
One of Two Recently Launched Programs to Grow Healthcare Technology Innovation and Entrepreneurship in New York City
New York City Economic Development Corporation (NYCEDC) and Health 2.0 today announced the launch of Innovate Health Tech NYC, a new program designed to grow healthcare technology innovation and entrepreneurship in New York City. The Innovate Health Tech NYC competition will provide a total of $50,000 in awards to New York City-based healthcare technology innovators to encourage the development of commercially viable technologies that solve urgent healthcare problems. The challenge is open to software and hardware developers to submit their technological solutions, such as wireless health monitoring devices, mobile applications, clinical workflow management tools, and healthcare analytics tools, by May 2, 2013. Ten finalists will be selected and offered assistance from industry professionals to further develop their product pitch before a public demo day taking place in July. The top three winners will then be selected by a panel of judges comprised of industry leaders, recognizing them as the City’s best emerging healthcare innovations, and offered a total of $50,000 in prizes and exhibition opportunities. NYCEDC and Health 2.0 worked with a number of partners to develop this innovative competition, including program sponsor Janssen Healthcare Innovation, technology competition platform ChallengePost and healthcare technology company StartUp Health.
“Innovate Health Tech NYC – part of a larger suite of initiatives designed to strengthen life sciences and healthcare technology in the City - will advance new technologies that could very well become the life-saving innovations of tomorrow,” said NYCEDC President Seth W. Pinsky. “I would like to thank all our partners, including Health 2.0, Janssen Healthcare Innovation, Startup Health, and ChallengePost for their continued support in these efforts, which will allow this critical sector and our entire City economy to thrive in the future.”
"Health 2.0 is excited to unite with NYCEDC and our partners, ChallengePost and StartUp Health, to bring the challenge of solving critical health care problems to New York City's finest health tech innovators," said Jean-Luc Neptune, Senior Vice President at Health 2.0.
Last week, NYCEDC and Health 2.0 launched PILOT Health Tech NYC, which partners early-stage companies in health technology with key New York City healthcare service organizations - including hospitals, physician clinics, pharmaceutical companies, and nursing associations - in order to pilot and advance new technologies. The program will provide funding of up to $100,000 each to 10 innovative pilot projects annually in New York City. These programs will position New York City as a growing center of health technology. Both programs are part of a larger portfolio of initiatives designed to strengthen the City’s life sciences and healthcare technology sectors.
"We're thrilled to collaborate with NYCEDC, Health2.0 and ChallengePost to support the growing ecosystem of digital health innovators who are inventing and re-imaging every aspect of our health and wellness," said Unity Stoakes, co-founder and President of StartUp Health. "Innovate Health Tech NYC is another example of the amazing opportunities for entrepreneurs in New York City's rapidly growing health tech community."
"We are excited to help mobilize NYC's tech innovators to improve healthcare," said Brandon Kessler, CEO of ChallengePost. "Engaging the tech community can help solve important problems for government and the public."
New York City is home to an increasingly robust healthcare sector, which includes world-class academic medical centers, top pharmaceutical companies, as well as numerous physician practices, nursing associations and clinics. There currently exists a significant opportunity for entrepreneurs, companies, and healthcare organizations to tackle complex healthcare issues using innovative technologies in order to improve patient care while reducing healthcare costs.
For more information on Innovate Health Tech NYC, visit the competition website at www.innovatehealthtechnyc.com
New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC projects and initiatives.
The conference. The media network. The Innovation Community. The Health 2.0 Conference is the leading showcase of cutting-edge technologies in health care, including Online Communities, Search and lightweight Tools for consumers to manage their health and connect to providers online. The Health 2.0 Developer Challenge is a series of prize competitions promoting health technology innovation. Health 2.0 also has its own media channels, Health 2.0 News and Health 2.0 TV; its own market intelligence service, Health 2.0 Advisors; and also sponsors the Health 2.0 Accelerator industry consortium. Health 2.0 was founded by Indu Subaiya & Matthew Holt in 2007 and is now a community of hundreds of organizations and thousands of innovators. For more information, visit www.health2con.com or find us on Facebook and Twitter.