ide Group Launches 2017 Building Better Futures for Health Challenge
ide Group launches the 2017 Building Better Futures for Health Challenge, offering $25,000 worth of design, development and commercialisation support for Australia’s best health innovation pitched at the event. The event will occur during this year's Vivid Ideas Exchange as part of Vivid Sydney. Entries are now open.
Following the outstanding success of the 2016 challenge, ide Group is excited to announce the Building Better Futures for Health Challenge is back for another year 2017.
The aim of the challenge is to find and invest in Australia’s best medical technology innovations that have the potential to make a significant difference to people’s health.
The challenge provides an opportunity for startups and entrepreneurs to pitch ideas in front of a panel of medtech industry leaders and gain insight on best practice design and commercialisation for medical device technologies.
The winner of the challenge will receive $25,000 worth of design, development and commercialisation support from ide Group to help develop their idea into a commercially viable reality, onsite at The Connectory.
Stephanie Watson, member of last year’s winning team, Repartech, said the challenge offered a valuable opportunity to gain feedback and refine their idea, a next generation biological patch and low-powered laser for eye repair.
“(The challenge) was a great learning experience as it forced my team and I to think critically about how great design could improve our product.” said Watson.
“Since winning the challenge and meeting the team at ide, my team and I have improved our device design and learnt about the way that good design can improve the functionality and appeal of our device.”
For this year’s applicants, the Repartech team also offered a few words of advice.
“My advice would be to use the challenge as an opportunity to reflect on your product and its value proposition, and optimise its design” said Watson.
Geoff Waring, also member of last year’s winning team said applicants should try to focus on understanding and communicating their ‘why’.
“It is good to have some theatre but it must be authentic. The panel and audience will be looking for you to show you are doing this project with a higher purpose that comes from your personal history.”
Do you have an idea that could make a significant difference to people’s health?
About ide Group
ide Group creates meaningful products that change lives, grow new organisations and build better futures. Together, ide partners with like-minded organisations and invests in new technologies to create new businesses around intellectual property. Since 2003, ide has grown over 70 organisations and realised over 250 projects across the medical technology landscape, including respiratory care, drug delivery, radiology, radiotherapy and point of care diagnostics. Driven by the hope to make a difference, ide helps bring complex projects to life through selflessness, creativity, discipline and grit.
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