Ready to become one of our BBFH Challengers?

Please take a moment to read our FAQ before submitting your application

- FAQ -

Deadline for entries

Entries close midnight AEST, Thursday 26 April 2018

*Please note, you cannot save your responses and return to them later. To avoid losing any information, it is advised that you review the application guide at www.bbfhchallenge.com and prepare and save a copy of your responses in an external document before entering it into the form.*

Who is this challenge for?

This challenge is for anyone with a great idea that can make a difference to people's health. This includes but is not limited to:
* Startups and entrepreneurs active in the medtech space
* R&D Managers and employees of a company looking for accelerated support for a R&D project
* Medical professionals working in the field who have uncovered areas of opportunity for new devices
* Researchers and academics with medical technologies they’re craving to commercialise

What's in it for you?

Feedback | Gather valuable feedback on your idea from our team of medtech design and entrepreneurship experts
Support | Gain support by pitching your idea to an influential panel of medtech industry leaders
Guidance | Seek guidance from commercialisation experts to help fast track your idea
Funding | Receive $25,000 worth of design, development and commercialisation support from IDE Group

Feeling nervous? Relax

We take Intellectual Property (IP) and your ownership of it seriously. Any IP you own, present and go on to develop as part of this challenge will remain yours to keep. Nevertheless, all applicants do need to be aware that the BBFH Challenge is a public contest. If you are selected as a finalist, you will need to pitch your idea in public at the final event. IP can be a tricky beast and sometimes that means erring on the side of caution. Contact us if you have any questions or to get connected with a trusted IP Lawyer.

Eligibility requirements

This competition is open to any individual or company with a health related product or service idea that has not yet been made commercially available. Applicants must be available to pitch their idea, in person, at the BBFH Challenge final event. An independent panel of judges will be appointed to select the winner of the BBFH Challenge. This independent panel will be the final arbiters of the winner and no correspondence will be entered into.

About IDE Group

We love working together to build better futures. We use our values, principles and process to create products and services that change lives and grow new organisations. Since 2003, we have grown over 70 organisations and realised over 500 projects across the medical technology landscape, including respiratory care, drug delivery, radiology, radiotherapy and point of care diagnostics. Find out more about IDE Group at www.idegroup.com.au

Ready to enter? Let's go!
 
ABOUT YOU

 
First name *

 
Last name *

 
Phone number *

 
How did you hear about the challenge? *

 
COMPANY INFORMATION

 
Company name

 
Company website

 
Number of employees

 
Date founded

 
If you don't have a company yet, please tell us what you would like your future company to be called.

 
DESIRABILITY

 
Please share with us the problem or need your idea is trying to address.

 
Please describe who your key stakeholders are.

 
Why would your stakeholders desire your idea to help solve their problem?

 
How strong do you think that desire would be?

 
Are there any reasons why your stakeholders might resist adopting your idea?

 
Are there any competitive alternatives to your idea on the market? Please describe what they are.

 
Apart from using competitive alternatives, how else are your stakeholders improvising to address their problem?

 
FEASIBILITY

 
Please explain in detail how your idea will work.

 
Do you foresee any technical risks?

 
Are there any risks or technical issues that might be particularly difficult to resolve?

 
What work have you done to reduce these risks? For example: design, prototyping, research, testing?

 
Does your idea provide a clinical or diagnostic outcome?

Do you have evidence of this outcome being achievable? What are the risks to this outcome being achieved?
 
Is there a standard of care for the problem your idea is trying to address?

(clinical, diagnostic or other)
 
If your idea has a standard of care, does your idea compliment or challenge the standard?

 
VIABILITY

 
Who will make your idea?

 
Who will buy your idea?

Think about the following questions when forming your answer:
What is the anticipated purchasing process for your idea?
Who do you think would be the key purchasing decision makers for your idea?
Is there a reimbursement mechanism for your idea or other similar products/services already on the market?
 
How will your idea be distributed?

 
What exactly will customers buy, and for how much?

 
What do you not know about your business model that you need to find out?

 
YOUR INTELLECTUAL PROPERTY

 
What protectable or non-protectable IP is there upon which your business will be based?

 
YOUR TEAM

 
Please tell us a little bit about you and your supporting team.

List the names of each of your team members and share your team's background and experience relevant to the idea you would like to develop.
 
YOUR PLAN

 
What are the key activities or steps you need to take to get your idea to market?

 
Share with us what you would like to achieve in the next 12 months.

 
SUPPORTING DOCUMENTS

 
Will you be submitting supporting documents? *

Please send all supporting documents, images and renders to bbfhchallenge@idegroup.com.au
     
CONGRATULATIONS! You did it. For questions about the challenge or the final event, please contact IDE Group: bbfhchallenge@idegroup.com.au | +61 2 9647 2660
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