Eligibility and Rewards

Application Requirements and Benefits

Applications responding to the Challenge can be made through the Challenge website at www.healthequityinnovationchallenge.com, which details eligibility requirements, Terms and Conditions, and the criteria for selecting companies to enter the Health Equity Accelerator and Incubator program.

The Challenge’s entry period during which to submit an application with your proposed solution to the Sponsor’s problem statement begins at 9:00 AM EDT on December 1, 2023 and ends at 11:59 PM EDT on March 31, 2024 (“Application Period”).

Up to ten (10) Finalist applicants will be invited to Pitch on May 18, 2024 to receive the following benefits and developmental support:

  • Acceptance into a 12-week Accelerator Program with resources needed to rapidly advance the development of the solution product or service, achieve market fit, and find traction as a scalable enterprise.
  • An 18-month Residency at the Cabarrus Center for Innovation and Entrepreneurship following the accelerator and the support of the Venture Mentor Service program.
  • Access to research, subject matter expertise, customer and investor introductions by the sponsor and collaborating organizations
  • A $15,000 Non-dilutive Grant
  • Connection to the New Ventures Investment Network

    Founder teams and companies accepted into the program will be required to:

    • Complete the accelerator programming and achieve the mutually agreed upon performance milestones to receive funding. The accelerator will be a combination of in-person and virtual educational sessions, cohort meetings, mentor and investor engagements.
    • Engage with the target populations in the Atrium North Market (Cabarrus, Rowan and North Mecklenburg region for beta testing and proof of concept.
    • Enjoy free coworking residency at the Cabarrus Center until monthly revenue exceeds $10,000 or a Seed investment round is closed, whichever comes first. Thereafter, residency will be at published Flywheel Member rates.
    • Enter the Venture Mentor Services program, be assigned a mentor team, and meet the venture performance requirements of the program.

    The 2024 Entry Period Has Ended

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