Prizes and Additional Benefits

Hakim Family Innovation Prize: Most Transformative Innovation

This award recognizes ideas, new processes or devices in health care with potential to have a tangible and meaningful impact on the patients entrusted to our care. One winner will be chosen as the recipient of this prestigious prize and will receive a $10,000 monetary award. As well, courtesy of our partners, the winning team will receive expert services and support from well-known local firms, including dedicated physical presence at the McGill Clinical Innovation Platform for up to 12 months and access to Faculty and University services* plus the option to apply for matching funds**. The value of this additional support is $40,000+.


Marika Zelenka Roy Innovation Prizes: Innovations Providing Best Solution

This award recognizes the best solution to an unmet clinical need for the care of a patient and the highest likelihood of success in being translated. Two winners will be chosen for this prize. The first-place winner will receive a $9,000 monetary award and the second-place winner will receive a $4,500 monetary award.  As well, courtesy of our partners, both winning teams will receive expert services and support from well-known local firms, including a dedicated physical presence at the McGill Clinical Innovation Platform for up to 12 months and access to Faculty and University services* plus the option to apply for matching funds**. The value of this additional support is $13,250 per team+.


MI4 Innovation Prizes: Best Solutions to Infectious or Immune-related Disease

This award recognizes a preventative, diagnostic or therapeutic innovative approach designed to address infectious or immune-related threats to human health. Two winners will be chosen for this prize. The first-place winner will receive an $8,000 monetary award and the second-place winner will receive a $4,000 monetary award. As well, courtesy of our partners, both teams will receive expert services and support from well-known local firms, including a dedicated physical presence at the McGill Clinical Innovation Platform for up to 12 months and access to Faculty and University services* plus the option to apply for matching funds**. The value of this additional support is $14,000 per team+.
 

Bereskin & Parr Innovation Prize: Best trainee-led (student, resident or fellow) Clinical Innovation 

This award recognizes a trainee-led clinical innovation that has the greatest promise to develop into a truly competitive value proposition. The team should be made up of students, residents or fellows, with no professors or clinicians on the team. This prize consists of both a monetary award in the amount of $2,000 and credits in the amount of $3,000 to further develop their innovation concept, for a total prize value worth up to $5,000.+


* Please note, this is subject to terms, conditions and availability. Limitations may apply. This includes the Steinberg Centre for Simulation and Interactive Learning, the Clinical Innovation Platform at the Montreal General Hospital, the Centre for Innovative Medicine’s Experimental Operating Room and the Simulation Suite at the MUHC Glen site subject to availability and as allocated by the Innovation Director.

**In addition to cash prizes and services to support the development of their proof of concept, winners of the Hakim Family Innovation Prize, the Marika Zelenka Roy Innovation Prizes and the MI4 Innovation Prizes will be eligible to apply for 1:1 matching funds to lever additional external funding such as investments, business grants, acceleration awards, MIitacs, etc. to support the growth of their start-up. This prize component is valid for the eighteen-month period from July 1, 2021 to December 31, 2022.


+ Non-negotiable, non-exchangeable and no substitutes. Credits to be used or encumbered with approval in writing by December 31, 2022.


Benefits Include:


All winning teams will gain access to expert support from within the McGill Faculty of Medicine and Health Sciences, its academic network and its extended network of mentors and alumni, together with potential benefits such as:

  • Mentorship, advice and guidance in multiple areas of expertise such as business, legal, engineering, clinical;
  • Legal, Financial and Intellectual Property (IP) legal support;
  • Reduced rates for services at the Steinberg Centre for Simulation and Interactive Learning; 
  • Two communication releases through the communications office at the Simulation Centre;
  • Access to professional training activities as they become available;
  • Exposure to decision- and policy-makers, key opinion leaders, entrepreneurs and other key enablers.


In preparation for the pitching event, the finalists have the option of coaching offered by McGill’s Teaching and Learning Services (TLS) through the SKILLSETS program. Pitch specialist Dr. Andrew Churchill will facilitate two presentation skills workshops focused on content and slide development as well as voice, body language and stage presence. Additionally, in the days leading up to the public competition, there will be a final pitch feedback coaching session where participants will receive targeted feedback on their presentations.

 
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