Researchers, PIs, Technologists: Learn about opportunities to develop your wearable solutions a part of WearTech Center’s next applied research cohort with matching funding up to$250,000.
Arizona WearTech Project Development Process
Arizona’s WearTech Applied Research Center is developing its third cohort of applied research projects and is seeking novel wearable solutions to address challenges and opportunities within the existing healthcare delivery system.
The mission of WearTech Center is to accelerate bringing breakthrough wearable healthcare and human performance products to market in Arizona, with the ultimate goal of facilitating the growth and diversification of the Arizona economy.
WearTech Center’s third cohort of projects will draw from the allocated matching funds in the FY23 Arizona State Budget. This year the budget appropriates $3,000,000 in State matching funds, which means WearTech could select up to 12 new projects, each supported by up to $250,000 of State matching funds.
Areas of opportunity:
● Mental Health
● Therapy Adherence
● Patient Safety
● Smarter Systems for Patient Interactions
● Fall/Motion Detection
● Early Diagnosis & Interventions
● Big Disease Areas (e.g., Cardiology, Parkinson’s)
WearTech Center is asking technologists to provide ideas for innovating new wearable products to address these areas of opportunity and other challenges.
Evaluation Criteria
The criteria with which WearTech Center evaluates potential project for funding opportunities are as follows:
● Relevance
● Problem/solution
● Market fit
● Research collaboration
● Tech Readiness / Time to market
● Corporate or entrepreneurial partner
● Opportunity for Arizona
● IP status
● Regulatory
● Team
● Product financial viability
Requirements
Additionally, all projects must meet the following requirements from the Arizona Commerce Authority to be eligible for selection and funding:
● Description of defined product or service to be developed for commercial use.
● Demonstrate collaboration with universities, nonprofit business associations, health science research centers, institutes, or other technology businesses that do business in Arizona
● Evidence supporting the amount of Matching Funds (Private Investment)
● Evidence of expenditures that are necessary and prudent in the research and testing process. Do not include operating, general management, and overhead costs. (Research Budget for State Funds)
● Evidence of Principal Investigator’s academic credentials and history of intellectual contribution to the targeted technology
Contact
Please contact Wes Gullett, wes@ohstrategic.com and Kathleen Lee, klee@azpei.org to share your ideas or with any questions.
Click here to download a 1-sheet overview PDF of the WearTech Call for Innovation 2022.