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What is the judging criteria?
Round 1 (5 Points of Health Care Perspective)
Round 2 (Business Case)
What are the terms & conditions?
What is the prize?
Each of the top 5 finalist teams will participate in a Tour of the 5 Points of Health Care, meeting with expert representatives from the following perspective: Payor, Provider, Patient, Policymaker and Purchaser. The teams will have the opportunity to use these informational and educational sessions to gain valuable feedback on their solutions and refine their value proposition ahead of the pitch event.
A grand prize winner will be selected from the Top 5 Finalists and will engage in a series of informational interviews and workshops with key contacts in the MultiCare Behavioral Health Network and Providence Digital Innovation Group. Specific details of the meetings will be defined based upon the grand prize team’s needs. Interviews and workshops will assist the startup to refine the business case for their solution and may include meetings with clinical providers, hospital administration, investors, and other subject matter experts within these health systems.
What do the terms “behavioral health” and “mental health” mean?
Behavioral health can be defined as the promotion of mental health, resilience and well-being.
Mental health, which is one area of behavioral health, can include a variety of factors, such as biology, psychological state, and habits. The World Health Organization (WHO) defines mental health as “a state of well-being in which an individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively and is able to make a contribution to his or her community.”
What types of companies can apply?
Any investable company or organization with at least a minimum viable product and/or a prototype in its development.
What about confidentiality?
Products and startups may be used in materials promoting the Cambia Grove TRAILS Competition. Finalists will pitch virtually in front of a live panel of judges online.
When will the Tour of the 5 Points of Health Care and the grand prize take place?
The Tour of the 5 Points of Health Care will take place December 2021- January 2022. Upon conclusion of the Tour of the 5 Points, the Top5 teams will participate in a virtual pitch event. The grand prize winner will work with MultiCare and Providence to define an optimized schedule of meetings and workshops in February 2022. The full scope of meetings will be tailored to the needs of the winning startup.
What will happen after the grand prize period is complete?
Cambia Grove will ask you to participate in an informational interview and write a blog about your experience that will be externally facing and potentially used for future TRAILS Competition promotion.
What about my intellectual property?
There is no exchange of IP to participate in this competition.
What about equity?
No equity will be taken in exchange for prize money.
Can my startup submit more than one product?
Yes.
Can I apply if I’ve received funding already?
Yes.