Are You Seeking to Add Value as a Mentor, Judge or Start-up Seed Funder?
See Below for More Details
See Below for More Details
Mentors
Role: The role of the mentors is to provide ad-hoc advice to teams. We expect that this will be 0-2 hours per week during the course of the Challenge. CAI will monitor the questions received and provide questions to appropriate mentors
Expectations from Mentors: Mentors will respond to questions within one week or state that they don’t know the answers to questions
Expectations from Mentors: Mentors will respond to questions within one week or state that they don’t know the answers to questions
Judges
Role: The role of the judges is to evaluate the business plan and start-up segments of the Challenge. The Challenge will have one set of judges from the NIH, CAI, and the Heritage Provider Network as well as judges from industry that reviews all business plans. The rest of the judges will focus in one area, such as therapeutics
Judging Schedule and Commitments
Seed Funder
Role: The role of the venture organizations/economic development organizations is to evaluate start-ups
Expectations from State-Focused Venture Organizations April 14th, 2015 – August 28th, 2015:
While the teams will also need to produce proof of start-up incorporation, NIH licensing agreement documentation as well as applications for dilutive funding, the judges will not evaluate these. The teams will just submit proof of documentation completion
Expectations from State-Focused Venture Organizations April 14th, 2015 – August 28th, 2015:
- Evaluate the team’s business plan, elevator pitch, regulatory strategy, commercialization plan, development plan and management team as well as their application to receive funding from your organization
- Apply your specific due diligence models to start-ups during the course of this Challenge
While the teams will also need to produce proof of start-up incorporation, NIH licensing agreement documentation as well as applications for dilutive funding, the judges will not evaluate these. The teams will just submit proof of documentation completion
