The FPCM launches the Health to Market Awards 1st edition. These awards are an initiative arising from the collaboration between the FPCM and EIT Health Spain, EIT Health’s regional hub, of which the former is a network partner. EIT Health is part of the European Institute of Innovation and Technology (EIT), a body of the European Union.
The 1st edition of the Health to Market Awards help to complement the set of activities of the FPCM in its work to promote, promote and support the creation and growth of new technology-based companies, especially those that direct their innovations to the health, medical or biomedical sector.
The objective of these awards is to offer advanced development and internationalization services to young innovative business projects/companies related to regional health technologies, aligned with the Ris3 Madrid strategy, and with ambition to access the European market. The awards will select three winners in two categories, based on the age and life cycle of the project.
AT A GLANCE
The participating projects/companies must maintain in some demonstrable way links with entities of the Madrid regional innovation ecosystem. This includes universities, research centers, science parks, innovation hubs , incubation/acceleration programs, etc.
The Health to Market Awards 1st edition include two categories for the participating projects/companies:
- from 0 to 3 years old;
- over 3 years old.
The prizes will be awarded according to the degree of innovation (innovative nature, disruption and technological novelty), socio-economic impact, commercial viability and potential for development and internationalisation. They will consist of mentoring/coaching bonuses:
- Category from 0 to 3 years old (2 prizes): 2 vouchers of 4 hours;
- Category over 3 years old (1 prize): 1 8-hour voucher.
Mentors/coaches will be assigned by EIT Health Spain according to their experience and availability. These experts will provide advice on planning, execution or monitoring processes of the strategy of: (i) internationalization and (ii) market access of the award-winning projects/companies.
These activities will be reflected in an action plan prepared jointly and executed by the team of the award-winning entity under the monitoring and support of the mentor/coach. The plan and actions designed between the expert and the team must provide for actions beyond information and guidance. All these activities must be carried out during the two months considered for their execution.
In addition, the beneficiary projects/companies will be offered to participate in subsequent programs (acceleration, scaling, etc.) carried out or participated in by the FPCM and EIT Health.
SUBMISSION OF CANDIDACIES
From July 15 to September 8, 2023, both inclusive.
Doubts: health2market@fpcm.es
