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Solve it- Open Innovation Challenge

  • Workbar Cambridge 45 Prospect Street Cambridge, MA, 02139 United States (map)

Executive Summary:

Innovation Bioscience is launching a novel initiative called the Solve-It, Open Innovation Challenge. The Solve-It challenge harnesses the collective problem-solving capabilities of life science and clinical professionals (among others), in creating solutions to some of the most pressing needs in healthcare.

Our partners provide the ‘challenge’ or problem(s) to solve, and the Solve-It challenge provides the platform where participants, design and present their solutions to a panel of judges and compete for prizes. Solve-It provides a stage for participants to showcase their technical knowledge and professional skills to a multidisciplinary audience of sponsors and event attendees.

How It Works:

The Solve-It challenge is a weekend-long competition beginning on Friday and concluding on Sunday where challenges are presented as ‘reverse pitches’. Teams will work together throughout the weekend to prepare their final solution demo or pitch. On Sunday, teams will present their solution to a panel of industry experts. Teams will distill their solution writeup into a focused 5-minute pitch which will be delivered to a panel of experts whom will select the winning team and award the prizes. The winners will be selected based on various criteria such as technical innovation and feasibility, implementation, market adoption, and commercialization potential among others.

In addition to solving meaningful healthcare related challenges, participants will also have to the opportunity to showcase their problem-solving skills and professional development skills to a host of sponsoring companies that may be seeking to source talent, cofounders, and funders seeking to launch new ventures, among others. Taken together our, Solve-It program will further leverage the large investment made in training our life science professional toward bridging bench to bedside and directly addressing healthcare need.