Building Successful Solutions
How it works
The iCi progresses in 3 stages that work toward efficiently accelerating successful dual-benefit injury care solutions.
Stage 1: Engagement
Outreach to civilian and military trauma/injury-care innovators, entrepreneurial, and business communities to increase awareness of the initiative and priorities for injured warfighters, help build collaborations, and generate Expressions of Interest (“EoI”) in participating.
- Injury-care forums, both in-person and online, to engage communities.
- Private workshops to advance specific topics.
- Online discussions to surface issues and frame opportunities.
- Commissioned studies to help understand and overcome the barriers to help the private and military sectors succeed with projects.
- Support teams for strengthening and/or creating collaborations for EoIs.
Stage 2: Commercialization Readiness
We will work directly with innovators/teams that submit EoIs to determine how this initiative can best support them. Teams submitting EoI’s are not expected to have all the answers. A CIMIT Executive will screen the EoI and help determine next steps.
Next steps may include:
- Feedback on the fit, strength and gaps of the EoI.
- A nominal budget to participate in a CIMIT CRAASH Course.
- Up to $150k in seed funding to help validate a solution’s commercialization potential.
- Assistance in charting a robust impact and go-to-market plan for an Accelerator Award.
Stage 3: Accelerator Awards
Teams that have submitted an EoI and passed the initial screen are eligible to apply for an Accelerator Award.
These awards provide a vital infusion of expertise and funds to support teams in driving a solution to a commercial exit where it will be advanced by financially motivated investors. This may be that the minimally viable product (MVP) is sold or a company takes the product through the final commercialization and regulatory approval stages.
Support available includes:
- Up to $1M in cash for product development and validation
- Expertise to help with commercialization challenges, such as business models, go-to-market plans, regulatory pathway, reimbursement, customer acquisition, etc.