Interface Health announced the Top 100 challengers for the fourth annual Interface Health Excellence Challenge (IHX Challenge). The IHX Challenge is a global competition to find the world’s most innovative health entrepreneurs, and bills itself as “the Olympics of digital health innovation.”
Applicants from around the globe applied to 10 health categories in a bid to be chosen as one of the Top 10 finalists competing at the IHX Challenge summit in Vancouver over September 29-30, 2015.
Entries came from 18 different countries, with approximately 50% coming from Canada, and included proposals for all ten of the Challenge’s categories.
The health categories include, big data and visual analytics, biopharma and digital drugs, consumer engagement, digital therapies and medical devices, mental health, personalized medicine, population health management, telemedicine and virtual therapy, wearables and biosensors, and a wild card domain.
The three criteria for achieving entry into the Top 10 are team, monetization potential, and global impact. The competition offers over $100,000 in cash and in-kind professional services, with a top prize valued at $40,000.
Michael Bidu, Founder and CEO of Interface Health said, “When you talk about digital health, it’s still a very new concept, and though it’s a growing industry, it’s still very early on in Canada. We’ve created this event to bring the whole world together in Vancouver once a year. We’re using innovation and technology to help people lead a longer, happier, healthier lives.”
“We need to change health and health care,” said Bidu. “Digital health is about the empowerment of consumers, the empowerment of users, the empowerment of patients. We’re using innovation and technology to accomplish that.”
The next step will be to narrow the field to the top 25 competitors by August 21, and to the top 10 by August 31.