Applications Open for 2022 Women’s Health Tech Challenge to Help Improve Health Equity Through Digital Technology
HITLAB TEAM • November 30, 2022
Selected innovators will pitch their ideas to a global audience of patients, and executives from hospital systems, life sciences, and investors in February.
New York, NY, November 30, 2022 – HITLAB announces the return of its Women’s Health Tech Challenge. The program was founded in 2018 to recognize and support promising health solutions that are specifically focused on unmet needs in women’s health.
Innovators, founders, and early-stage companies are encouraged to apply here between now and December 14th. There is no fee to apply or to enter.
Healthcare experts or investors will review all applications. The eight most promising proposals will be selected, and the founders will pitch their disruptive solutions live to a panel of judges on February 10th, 2023. Solution examples include enhancing outcomes for women and children, lowering healthcare costs without compromising quality, managing women’s health more efficiently, improving health and quality of life, etc.
Candidates will be scored and ranked based on Impact, Differentiation, Scalability, Technical Feasibility, Economic Feasibility, Team, and Quality of Work.
Prizes will be awarded in four categories: Series A, Seed, Pre-Seed, and Non-profit.
The first and second place prizes for each category can be found here. Thank you to our sponsors at Goodwin, Withum, HITLAB, and Women in Wearables (WoW).
- 1st Place Prize (Sponsored by Goodwin): The Series A first place winner will receive the Grand Prize in the form of a check for $10,000.00 (ten thousand) U.S. dollars, sponsored by Goodwin Procter.
- 2nd Place Prize (Sponsored by Goodwin): The Series A second place winner will receive a prize in the form of $10,000 (ten thousand) U.S. dollars of in-kind legal services from Goodwin Procter.
- 1st Place Prize (Sponsored by Goodwin): The Series Seed first place winner will receive a prize in the form of $10,000 (ten thousand) U.S. dollars of in-kind legal services from Goodwin Procter.
- 2nd Place Prize (Sponsored by Withum): The Series Seed second place winner will receive a prize in the form of up to $10,000 U.S. of in-kind accounting services from Withum. Upon introduction to the selected recipient, Withum will also provide an hour of tax-free consulting including but not limited to, tax formation, cap table discussion including debt/equity, pitfalls, Founder Tax Planning considerations, and future needs for financial statements.
- 1st Place Prize (sponsored by HITLAB): The Pre-Seed first place winner will become eligible to participate in a rapid pilot study designed and implemented by HITLAB’s research and evaluation team (valued at over $10k), a presentation at a HITLAB Symposia/Summit, an article (publication), a Women’s Health Tech Wednesday (WHTW) feature, and a sub-cut social media video.
- 2nd Place Prize (Sponsored by HGA): The Pre-Seed second place winner will receive the Health Innovation Alliance Award which is in the form of a 1-year membership in the Health Innovation Alliance. The winner will also receive up to a maximum value of $15,000 (fifteen thousand) of in-kind services from Horizon Government Affairs of direct government affairs consulting services and strategic counsel around the health policy issues that impact the winning team.
- 1st Place Prize (Sponsored by WoW): Women’s Health Tech Spirit of Entrepreneurship Award: in-kind sponsorships from Women of Wearables up to a maximum value of $1,000.00 U.S. dollars as determined by the provider of in-kind services. The media exposure shall be in the form of promotional content which includes an interview and feature on Women of Wearable’s website, 1 (one) year WoW Memberships for its leadership team (valued at GB£100 per year per membership) at no cost for up to 5 (five) memberships, and highlighting each winner in a joint newsletter ad/post and linking to their interviews.
- 2nd Place Prize (HITLAB): The Non-Profit/Charitable Organization second place winner will receive eligibility to participate in a rapid pilot study designed and implemented by HITLAB’s research and evaluation team.
“2022 has been another transformative year in women’s health innovation. We are excited to give deserved recognition to female leaders in healthcare,” said Susan Solinsky, Co-Founder & CGO at Ellipsis Health and Director of Women’s Health Tech Initiative, HITLAB. “Yet, there is still much work to be done in supporting those who are innovating in this space, particularly underrepresented female founders. I am inspired daily by the people who work tirelessly to change the trajectory of funding opportunities and brand awareness of women’s health solutions. And, as we close out this year, we look forward to honoring the courageous executives addressing the vast spectrum of unmet women’s health needs.”
HITLAB is an impact-first organization that offers digital health research, teaching, and advisory services to improve health delivery around the world.
At HITLAB, we believe technology and health can work together to improve the quality of health delivery and healthcare worldwide. We use rigorous research and evidence-based methods to identify the best digital health solutions for each of our partners.