Innovation Prize

The Sloan Healthcare Innovations Prize (SHIP) is a pitch competition, open to entrepreneurs innovating in the healthcare space.  Previous competitors have presented ideas in disease diagnostics, payer-provider stream-lining and bacterial infection control, just to name a few.  The mission of SHIP is to support early stage healthcare start-ups by providing feedback from experienced industry professionals, workshops on pitch instruction, and a chance to compete for more than $30,000 in prize money.  This year’s grand prize is $25,000, sponsored by Optum. The finals are open to the public and admission is free. 

  Questions?  See below for FAQ, or contact shbc_pitch@mit.edu.

FAQ

Q: What are the key dates for the Sloan Healthcare Innovation Prize?
A:  
•     1/31/18 - Applications Closed
•     2/9/18 - Semi-Finalist announced
•     2/21/18 & 2/22/18 - Semi-Finals
•     2/26/18 - Finalist announced
•     3/8/18 – SHIP Pitch Competition Finals
•     3/9/18 – SHIP 1st Prize Winner Pitch @ SHBC 2018

Q: How long should my pitch be?
A:  You should plan to speak for 5 minutes or less. 

Q: Do I have to be an MIT student to pitch?
A: Each start-up team must have one student currently enrolled at any program at MIT, Harvard, Boston University or Tufts.  It is not necessary for all team members to be current students at one of those institutions.

Q: Can I use visual aids for my pitch?
A: Your team may use at most three PowerPoint slides to illustrate your idea.  However, you are not required to use slides – this is up to your team.

Q: When are the semi-finals?
A: Semi-finals will be held on February 21st and 22nd, 2018 at MIT Sloan.  Teams will be notified by February 9th if they have been selected to advance to the semifinals.  Please note that your team must pitch the semi-finals to be eligible for the finals, so keep both nights in February open!  Teams will be notified by Friday, February 26th of their status for the final competition.

Q: How big can my start-up team be?
A: Most teams have one or two members who pitch the idea, but we have had teams with up to five members pitch in past years.  If this is an issue for your team, please get in touch with us directly at shbc_pitch@mit.edu

Q: Who gets to participate in the workshops?
A: Finalists have the opportunity to participate in the workshops.  This is a great opportunity to develop your pitch!  The workshops will be held the week of February 26th, with additional details forthcoming.

Q: What sort of networking opportunities will there be at the event?
A: Finalists are invited to a VIP reception in building E52 on MIT Sloan’s campus before the pitch competition to mingle with VIP conference attendees, speakers and other industry professionals.


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