LOUISVILLE, Ky., June 12, 2012 /PRNewswire-iReach/ --
Contest will give winner the startup capital and expertise to accelerate their senior-care, senior-living innovation to market.
What is the LTC LINK-Tank?
The First Annual LTC "LINK-Tank" is an important new competition that focuses on solving market challenges for Long Term Care and Senior Living Providers who serve the fast growing aging population living independently in congregate care settings. The LINK-Tank is hosted by InnovateLTC and the LTC LINK Conference."InnovateLTC only works with the most innovative companies to improve the quality of life and quality of care for the global aging population," said InnovateLTC CEO John Reinhart. "Our goal is to accelerate the distribution of products and services that intersect with technology and transform the way we deliver health care." "We know there are many R&D incubators who would benefit greatly by getting to meet so many potential LTC and Senior Living Providers in an environment where they have the need for new and innovative products and services front-of-mind," said Bailey Beeken, Vice President of LTC Events at LINK. "They will get the benefit of solid, constructive feedback, with an opportunity to talk to these potential customers about beta testing, purchasing and future planning."
Who Can Participate?
This competition is open to individuals, researchers, teams and entrepreneurs with product in development that will dramatically improve how LTC and Senior Living providers deliver higher quality care, wellness, life enhancement, and socialization based on emerging technology.Several dozen organizations have been invited to participate in the competition, including Georgia Tech, Stanford University, University of Southern California, Wright State University, University of Texas-Dallas, Salk Institute for Biological Studies, Tufts University, Georgetown University, Oregon Health and Science University and the Mayo Clinic. Judges will include provider organizations, technology experts, VCs, and Angel Investors. Finalists will present in front of an audience of over 100 senior living and long term care provider organizations who will be on hand to ask questions and help determine the value of each idea.
How Does the Competition Work?
The competition opens on June 5 to any non-profit or for-profit research organization, individual entrepreneurs or development teams with a product in development - pre-revenue - for the long term care or senior-living markets. The competition is structured in three phases:
- Nominees need to complete the initial nomination form by June 30: 2012 LTC LINK-Tank Submission Form
- InnovateLTC will work with final nominees to help prepare for the live presentation.
- Nominees will present at the 2012 LTC and Senior Living LINK Conference. Up to five finalists will receive a travel stipend to present their ideas to a panel of judges at the LTC and Senior Living LINK conference, July 30th in Chicago and a chance to win $10,000 in non-dilutive capital, sponsored by InnovateLTC, a business accelerator based in Louisville, KY.
For more information contact Alicia Heazlitt at (502) 569-0301 or [email protected].Media Contact:
Alicia Heazlitt International Center for Long Term Care Innovation, 502-569-0301, [email protected]
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SOURCE International Center for Long Term Care Innovation