OBIO — Early Adopter Health Network (EAHN)
Highlights
This program is designed for businesses like yours that are developing innovative health technologies. By participating, you can gain access to a national network of healthcare organizations to evaluate your technology in real-world settings. This can help you demonstrate the value of your product and facilitate its adoption into the healthcare system.
Why Apply?
- Financial Support: Receive funding to support the evaluation process.
- Real-World Testing: Validate your technology in actual healthcare environments.
- Market Exposure: Showcase your successful technology to a global audience.
Benefits
- Enhanced Credibility: Gain endorsements from reputable healthcare organizations.
- Increased Adoption: Facilitate broader adoption of your technology.
- Resource Access: Benefit from additional resources and support from national and regional innovation partners.
Qualifying for this program is straightforward, and being approved can significantly boost your business by providing the financial and strategic support needed to succeed.
Financing Details
Type of Financing: Grant
Repayment Terms:
- There are no repayment terms as this is a grant. You do not need to pay back the funds received.
Eligible Expenses:
- Technology evaluation costs
- Implementation costs
- Training and support for healthcare staff
- Data collection and analysis
- Reporting and dissemination of results
Ineligible Expenses:
- General operational costs not related to the technology evaluation
- Marketing and promotional activities
- Capital expenditures unrelated to the technology being evaluated
- Salaries for non-project-specific roles
Fees:
- There are no fees associated with applying for or receiving this grant.
Qualifications
- Must be a Canadian health technology company.
- Must be able to match with a national network of healthcare organizations.
- Must be ready to evaluate technologies in a real-world setting.
- Must be interested in facilitating broad adoption into the health system.
- Must be prepared to engage in partnerships with healthcare organizations.
- Must be capable of demonstrating value-producing technologies.
Must be able to create showcase sites for successful Canadian technologies.
Disqualifications:
- Non-Canadian companies.
- Companies not involved in health technology.
- Companies not ready for real-world technology evaluation.
- Companies not interested in broad adoption into the health system.
- Companies unwilling to engage in partnerships with healthcare organizations.
Description
This program is designed to help your business bring innovative health technologies to the market. You can receive financial support to test and evaluate your technology in real-world healthcare settings. This means you can see how your product performs in actual healthcare environments, which can be crucial for its success.
Funding is available for both your business and the healthcare organizations you partner with. This money can be used to cover costs related to the evaluation process, such as equipment, staff, and other resources needed to test your technology.
By participating, you get the chance to showcase your technology to a national network of healthcare organizations. If your technology proves valuable, it can lead to broader adoption within the health system and even open doors to the global market. This program not only supports your financial needs but also helps you build credibility and connections in the healthcare industry.
Program Steps
Gather Required Documentation:
- Business Plan
- Financial Statements (e.g., balance sheets, income statements)
- Proof of Business Registration
- Description of the Technology to be Evaluated
- Letters of Support from Healthcare Organizations (if available)
Complete the Application Form:
- Visit the official program website.
- Download and fill out the application form with accurate details about your business and the technology you wish to evaluate.
Prepare a Project Proposal:
- Outline the objectives of your technology evaluation.
- Include a timeline and key milestones.
- Detail the expected outcomes and benefits for the healthcare system.
Submit the Application:
- Compile the completed application form, project proposal, and required documentation.
- Submit these materials through the designated submission portal or email address provided on the program website.
Follow Up on Submission:
- Confirm receipt of your application with the program administrators.
- Be prepared to provide additional information or clarification if requested.
Await Evaluation and Approval:
- The program administrators will review your application.
- You may be contacted for further discussions or to provide additional details.
Receive Notification of Approval:
- If approved, you will receive an official notification.
- Review the terms and conditions of the program participation.
Sign Agreement and Initiate Project:
- Sign any necessary agreements or contracts.
- Begin the technology evaluation project as outlined in your proposal.
Regular Reporting and Communication:
- Maintain regular communication with the program administrators.
- Submit progress reports as required by the program guidelines.
Complete the Evaluation and Submit Final Report:
- Upon completion of the evaluation, prepare a final report detailing the outcomes.
- Submit the final report to the program administrators for review.