Proposals submitted and pitches made during the McGill CLIC judging event should demonstrate all or most of the following:
- Clear identification of a clinical or health care need
- Evidence that the innovation is a viable solution for the need
- Evidence that the solution is likely to improve health care outcomes
- An understanding of the market for this innovation, awareness of competitors
- Evidence that the regulatory requirements can or have been addressed
- Evidence that the intellectual property is or can be protected
- That the outcome can be cost-effective
Proposals must not exceed 10 pages (excluding appendices).
These criteria serve as the basis for the Judging Panel’s scorecard.
Please direct all questions to innovation.med [at] mcgill.ca.
We are pleased to announce that we have partnered with Bereskin & Parr, District 3 and TBC to offer online training exclusive to all CLIC applicants. A series of 90-minute online preparatory workshops will take place in February and March 2023 that will focus on the fundamentals of creating a business model and explaining intellectual property and regulatory affairs. You are strongly encouraged to register for these free workshops (TBC).
If you have no experience in developing a business model, there are several online resources available. Here are a few examples that you may find useful.
- McGill Management & Business Resources: www.mcgill.ca/library/find/subjects/management
- Startup Library by District 3: library.d3center.ca/
- The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Startup Tips: www.youtube.com/watch?v=IP0cUBWTgpY
- Wharton Entrepreneurship Series - Business Plan Writing 101: www.youtube.com/watch?v=zlrb_X6fYZ0
- Harvard i-lab | Startup Secrets: Business Model: www.youtube.com/watch?v=K0Eu6cL0BR8
- Santa Clara University - Business Plan: What are the key components? www.youtube.com/watch?v=LhKkBnxBr1o