CONCEPT COMPETITION

1^st Place Prize | $2,500

2^nd Place Prize | $1,500

People's Choice Award | $1,000

START-UP COMPETITION

1^st Place Prize | $25,000

2^nd Place Prize | $10,000

People's Choice Award | $10,000

March 13, 2023
Online application submission closes

April 3, 2023
KITE Power Play finalists announced and invited to the Pitch competition

May 8, 2023
KITE Power Play pitch competition event

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 during ICAIR on the following date and venue:

Date: May 8, 2023

Venue: Metro Toronto Convention Center, 255 Front St. W., Toronto, ON M5V 2W6, Canada

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, and Toronto Rehab Institute. 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.

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.