Medical device and health IT startups with Small Business Innovation Research Phase-II funding may be able to snag more support in the form of venture capital, angel money or corporate venture capital if they apply for the Connect With Capital online pitch event on Oct. 11.
Companies can apply (for free) to get one of the four available pitch slots until 8 p.m. Aug. 23.
Eighteen Ventures, which hosts the event, will connect the four finalists with the judges (who are TBA) through a GoToMeeting account, where they’ll give their presentations. (Powerpoints, notes and so on will be given to the judges in advance, and the companies and judges are allowed to follow-up.)
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Think your startup’s got the stuff? Here’s the criteria for application:
1) Your firm is a SBIR Phase II award winner with a medical device/technology or healthcare IT prototype.
2) Your firm’s medical device/technology or healthcare IT project meet a critical clinical and market need.
3) Your firm possesses a comprehensive, persuaive business plan with realistic financial projections.
4) Your firm has an experienced management team or a management team development strategy.
5) Your firm has an intellectual property strategy to protect its invention.
6) Your firm is interested in acquiring equity financing.
7) Your firm determined the amount of money it needs, how the funds will be used and its possible exit strategy.
8) Your firm has developed both a regulatory and a reimbursement strategy, if applicable.
9) Your firm has a viable business model.
