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KITE Power Play Pitch Competition

The healthcare industry has enormous potential to leverage innovative and disruptive technologies and strategies in order to deliver insightful, meaningful and affordable care.

Toronto Rehab Foundation, in partnership with the KITE Research Institute, will host the second Power Play Pitch Competition to help accelerate innovation and commercial success.

The research arm of the Toronto Rehabilitation Institute, KITE, is a world leader in complex rehabilitation science and is dedicated to improving the lives of people living with the effects of disability, illness and aging. The Toronto Rehab Foundation, through the philanthropy of its donors, plays a vital role in turning the ideas of KITE’s clinicians and scientists into home, community and hospital-based advancements and innovation.

With $100,000 available in total prizes, the stakes are higher than ever. Don’t miss your chance to build the future of healthcare!

We are looking for energetic, innovative and passionate healthcare innovators affiliated with Toronto Rehab Institute who can address an unmet need in the healthcare industry, through preventative healthcare solutions, treatment and management of disabling injuries and illnesses, restorative assistive devices to help restore function, diagnostic tools, digital health, and others.

We welcome innovators involved in all stages of product and technology development, from concepts and prototypes to finished products and services and start-up companies, and who need capital to help bring their innovations to the next stage.

There is no registration fee to participate in the competition.

The two categories of entries are:

  • The Innovative Concept - This award is open to all new, exciting, creative and innovative early stage change-making ideas of Toronto Rehab Institute affiliate scientists and researchers that have the potential to make a transformative impact on all levels of the healthcare system. This is the only award for which innovators do not need to be in business; they just need to prove that they have a viable idea that’s going to make an impact.
  • The Innovative Start-up - This award is open to Toronto Rehab Institute start-up companies who have a proven concept with a novel service offering or technology or product for sale or license, or a new product or service currently under development. The technology can be drawn from any field in the healthcare industry as long as the company is actively aiming to solve a gap in the healthcare market.

For example, we will accept the following stages of start-ups:

  • Prototype Blueprint Developed - No current users
  • Prototype Developed - No current users
  • Prototype Developed - Pilot users
  • Product Developed - Current users

CONCEPT COMPETITION

The RBC Prizes
(open to Toronto Rehab Institute affiliated applicants only)

1st Place Prize | $5,000

2nd Place Prize | $3,000

People's Choice Award | $2,000

START-UP COMPETITION

(open to Toronto Rehab Institute start-ups only)

The Deloitte prize | $ 50,000

The John Love prize | $ 20,000

The Nancy Love prize | $ 20,000

To be announced
Pre-submission proposal business consultation (Optional, limited spots available)

To be announced
Online application submission closes

To be announced
KITE Power Play finalists announced and invited to the Pitch competition

May 25th, 2020
KITE Power Play pitch competition event

Optional: Pre-Submission Business Consultation

For innovators who wish to obtain the assistance or advice of a business consultant relating to the preparation of a business plan required in the application to this KITE Power Play event, the innovators must first prepare a 1 to 2 page pre-submission document describing their technology, product or service offering and any other information they would like the consultant to consider, and submit this document to Sophia Li at Yue.Li@uhn.ca with a request to seek the advice of the business consultant. As the business consultant is available to provide up to (but not more than) twelve 45-minute sessions (i.e. one 45-minute session per applicant), we encourage innovators who wish to obtain the assistance and advice of the business consultant to submit their documents and requests early, and schedule and hold their meetings with the consultant no later than October 10th. Contact information of the business consultant will be provided to the first 12 innovators to schedule meetings directly with the consultant.

Stage One: Online Application Submission

Each competitor/team is required to apply online and submit a 2 to 3 page business plan.

Submit Your Proposal

The business plan should describe the specifics of the innovative concept/company’s operations and make evident to stakeholders, including donors and investors, of the potential for substantial and sustainable growth and market power of the innovative product or service offering.

Your business plan should contain the following:

  1.  Business Overview – products/service offered (e.g. What is the unmet need? Why will people buy your product or service? What is the key benefit – the unique selling point? If the business is in the form of a company or partnership, how long has the entity been in operation and what has been accomplished to date?)

  2.  Target market (e.g. who is your target customer and what is the size of this customer base in Canada and elsewhere? What are the competing products/services and advantages? )

  3.  Marketing Strategy (e.g. describe actual and/or contemplated marketing strategy and efforts)

  4.  Management team (e.g. identify the key members of the team and their relevant experience/training and any additional positions, expertise, experience and training required)

  5.  Funding required (How much money do you need to take the product/service to the next stage? What are your sales and expense expectations? If you win a prize in this competition, how will the funds be used?)

Please note that by submitting the business plan to the KITE Power Play Pitch Competition, you acknowledge that you have provided us with the necessary rights to evaluate your business product, solution, concept and strategy in connection with your participation in the KITE Power Play event.

Stage Two: KITE Power Play Pitch Competition Grand Finale

The pitch competition will take place on the following date, time and place:

Date: May 25th, 2020

Time: 8:30 a.m. – 12:30 p.m.

Place: Toronto Rehabilitation Institute - 550 University Ave – 2nd floor Auditorium

ADVERTISING AND PUBLICITY – Photographs and videos will be taken of attendees at the KITE Power Play competition event for publication on websites, newsletters, brochures, social media platforms and other media of UHN, KITE, Toronto Rehab Institute and the Toronto Rehab Foundation. As a condition of participating as finalists in the KITE Power Play competition event, all finalists (and their representatives), by their attendance at the event, will be deemed to have given their consent to have photographs and videos taken of them at the event and for publication on the specified websites, newsletters, brochures, social media platforms, and other media.

FINALISTS – Finalists are expected to attend the live-pitch competition. If a finalist is not able to attend for whatever reason, the pitch competition will proceed with the remaining finalists. Each attending finalist will be given 5 minutes to pitch the business to a judging panel of industry experts and investors, followed by a short Q&A session. Finalists may use PowerPoint slides and/or videos at the live-pitch competition if they submit them to Sophia Li at Yue.Li@uhn.ca.

JUDGING – A finalist’s pitch will be judged on the following criteria:

  • Team’s background and expertise
  • Idea/Solution
  • Development and business plan
  • Market opportunity
  • Competitive advantages

At the end of all of the finalists’ pitches, the judges will determine the winners in each of the two categories.

Prize Awards

Each prize award will be presented to the winner in two parts:

  • 50% of the award amount on the day of the pitch competition event; and
  • the remaining 50% will be awarded on or about the 6-month mark, at a publicity event to be attended by the winner, KITE, the Toronto Rehab Foundation and certain donors, and at which time the winner will describe the progress of the technology, product or service offering.

For questions relating to the usage of PowerPoint or videos to help describe the product, technology or service for the live-pitch competition, please contact Sophia Li at Yue.Li@uhn.ca.

Event Date
May 25th, 2020
Event Time
8:30 a.m. – 12:30 p.m.
Venue
Toronto Rehabilitation Institute - 550 University Ave – 2nd floor Auditorium
Agenda
8:00 AM
EVENT COMMENCES
Breakfast reception, networking and Innovation Showcase
8:30 AM
EVENT INTRODUCTION
  • Dr. Milos R. Popovic, KITE Institute Director of Research, Toronto Rehabilitation Institute
  • Dr. Brad Wouters, Executive Vice-President, Science & Research, UHN
  • Alexander Vaccari, Vice-President & Chief Development Officer, Toronto Rehab Foundation
8:45 AM
INNOVATIVE CONCEPT COMPETITION
Finalists will present their live-pitches, and participate in a round of questions from the judges
9:45 AM
NETWORKING BREAK
15-minute coffee break and Judges voting
10:00 AM
INNOVATIVE START-UP COMPETITION
Finalists will present their live-pitches, and participate in a round of questions from the judges
11:00 AM
NETWORKING BREAK
15-minute coffee break and Judges voting
11:15 AM
WINNERS ANNOUNCEMENTS AND CLOSING REMARKS
2019 KITE Power Play Competition Winners announcement and awards Closing remarks
12:30 PM
EVENT CONCLUDES

The Prizes

CONCEPT COMPETITION

The RBC Prizes
(open to Toronto Rehab Institute affiliated applicants only)

1st Place Prize | $5,000

2nd Place Prize | $3,000

People's Choice Award | $2,000

START-UP COMPETITION

(open to Toronto Rehab Institute start-ups only)

The Deloitte prize | $ 50,000

The John Love prize | $ 20,000

The Nancy Love prize | $ 20,000

Important Dates

To be announced
Pre-submission proposal business consultation

To be announced
Online application submission closes

To be announced
KITE Power Play finalists announced

May 25th, 2020
KITE Power Play pitch competition event