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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 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 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 all start-up companies who ever 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

1st Place Prize | $5,000

2nd Place Prize | $3,000

People's Choice Award | $2,000

START-UP COMPETITION

The Deloitte prize | $ 50,000

The Nancy Love prize | $ 20,000

The Jon Love People's Choice Award | $ 20,000

TBD
Pre-Submission Workshop

TBD
Online application submission closes

TBD
KITE Power Play finalists announced and invited to the Pitch competition

TBD
KITE Power Play pitch competition event

Pre-Submission Workshop

TBD

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: TBD

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, 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.

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.

The Prizes

CONCEPT COMPETITION

The RBC Prizes

1st Place Prize | $5,000

2nd Place Prize | $3,000

People's Choice Award | $2,000

START-UP COMPETITION

The Deloitte prize | $ 50,000

The Nancy Love prize | $ 20,000

The Jon Love People's Choice Award | $ 20,000

Important Dates

TBD
Pre-Submission Workshop

TBD
Online application submission closes

TBD
KITE Power Play finalists announced

TBD
KITE Power Play pitch competition event