Are You Seeking to Add Value as a Mentor, Judge or Start-up Seed Funder? 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
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
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, NCI, CAI, and Avon Foundation as well as a few judges from industry that reviews all business plans. The rest of the judges will focus in one area, such as therapeutics
Expectations from Judges:
Business Plan Phase – January 28, 2014 – February 4, 2014:
Start-up[1] Phase - May 16, 2014 – June 10, 2014:
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, NCI, CAI, and Avon Foundation as well as a few judges from industry that reviews all business plans. The rest of the judges will focus in one area, such as therapeutics
Expectations from Judges:
Business Plan Phase – January 28, 2014 – February 4, 2014:
- Evaluate 10-15 business plans or business model canvases. Each business plan will be a maximum of 10 pages
- Review approximately 30 minutes of video
Start-up[1] Phase - May 16, 2014 – June 10, 2014:
- Evaluate the team’s regulatory strategy, commercialization plan, development plan and management team
- Review seed funding received, if this has been achieved
Seed Funder
Role: The role of the venture organizations/economic development organizations is to evaluate start-ups
Expectations from State-Focused Venture Organizations May 16, 2014 – June 10, 2014:
[1] 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
Role: The role of the venture organizations/economic development organizations is to evaluate start-ups
Expectations from State-Focused Venture Organizations May 16, 2014 – June 10, 2014:
- 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
[1] 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