Have a great idea for a company? Check out the Brain Start Up Challenge

Overview
The National Institutes of Health (NIH) has a significant portfolio of inventions available for licensing. The Center for Advancing Innovation (CAI) has evaluated many of them to identify those with the strongest commercial viability
The Heritage Provider Network, the NIH, and CAI are launching a start-up Challenge to exploit these opportunities

 

Phases
Phase 0: Enter Challenge: Teams provide information regarding the invention they have chosen to develop their business plan around, details and backgrounds of the members of their team, and how team members meet eligibility requirements. Teams also outline their intent to participate in the Challenge

Phase 1: Elevator Speech: Teams develop a two minute elevator speech via recorded video; a 350 word executive summary outlining potential commercial product(s) and company vision. Winners of this phase will move on to Phase 2: Business Plan

Phase 2: Business Plan: Teams develop a 10-page business plan with a detailed financial plan; a 20 minute "live" pitch presented to the challenge judges. The winners of this phase will receive a $2500 award per team that is provided by CAI and The Heritage Provider Network as well as move on to Phase 3: Start-up

Phase 3: Start-up: Teams launch their start-ups, including incorporation, license negotiation, and executing other regulatory/developmental needs

For more information check out the
http://www.brainstartupchallenge.org/overview.html