Q: What were the Judging Criteria for the 2018 Healthcare Makerthon Weekend?
Ideally, this Challenge would yield ideas that were impactful, actionable and innovative. The 2018 Challenge was looking for solutions based on the following criteria:
1. Health and wellbeing. Allowing older adults to live the life they want for as long as possible was at the heart of this Challenge. The Challenge was looking for solutions that revolved around individuals and caregivers. The impact of the idea was measured by how much it would improve or maintain quality of life for older adults and their caregivers.
2. Team. Was the team multidisciplinary (engineers, healthcare/life sciences, business, designers and others), and otherwise diverse (mix of genders, backgrounds, skills)? Why might they be the right team to tackle this challenge and solution?
3. Affordability. The solutions developed should have been financially accessible. As idea was built, participants should have considered who will bear the cost.
4. Natural integration. Fresh ideas for any of these challenges should have seamlessly fit into the user’s lifestyles. Did the team speak to users or customers to validate the problem? Have they thought about the user experience of their solution and did it fit within the workflow of the user?
5. Prototype Execution. How might current behaviors suggest powerful new solutions? Is the prototype the right solution for the problem they were solving? What key benefits did the prototype provide, or what key pain points did the prototype solve for?
6. Market Viability. How might the idea become a solution for a large number of people - in other words, what’s the larger market opportunity? What solutions already exist in the market? How is the team’s solution unique or better than what’s currently on the market?
Q: What were the prizes for the 2018 Makerthon?
Innovation with the greatest impact and feasibility was top of mind and received financial awards - $10,000 to teams (reimbursable expenses), as well as the chance to compete for additional financial awards through peer programs: the NYU InnoVention Challenge ($50K in total prizes) and the NYU Aging Incubator Challenge ($10K in total prizes). Moreover teams received support to further develop the idea into a viable business through workshops, mentoring with domain experts, business model experts, design experts, and investors.
2018 Makerthon Weekend Prizes (October 26-28th): During the Makerthon Weekend, teams competed to win $5,000 (reimbursable expenses) in total prizes and about four teams advanced to Phase III of the NYU Healthcare Makerthon, Venture Support and Final Pitch-Off, to compete for an additional $5,000 (reimbursable expenses).
2018 Final Pitch-Off Prizes (November): During Phase III, select teams received access to business model and venture coaches, attended skill-building workshops and received other resources. At a final pitch-off in late November, one final team was selected as the grand prize winner, and awarded an additional $5,000 (reimbursable expenses).
2018 Post-Makerthon Prizes: Additional prizes for select Phase III winners included automatic selection into InnoVention, into the January Term Startup Sprint, and into the NYU Aging Incubator challenge. Last year's Makerthon winners went onto win the InnoVention Competition (second place), Mission Appossible, and be selected for the January Startup Sprint, Summer Startup Sprint, and NYU Summer Launchpad, and are currently building and scaling their ventures!
Q: Who were the judges for the 2018 Makerthon Weekend?
Allan Chochinov - Chair MFA Products of Design at the School of Visual Arts, Co-founder and Partner at Core77
Allison Becker - NYC Ambassador at Aging 2.0
Dr. Paresh Shah - Clinical Professor, Department of Surgery, Vice Chair of Quality and Innovation in Surgery and Chief, Division of General Surgery at NYU Langone Health