Singapore is at the forefront of preparing for a super-aged society, anticipating that by 2023, 1 in 4 citizens will be aged 65 and above. The Age Well SG initiative, a comprehensive national program, underscores the commitment to support seniors in aging actively and independently within their homes and communities. However, the challenge lies in addressing the evolving and diverse care needs of the elderly, fostering holistic well-being, and enhancing the effectiveness of existing efforts.
How might disruptive innovations enhance existing efforts, bridge critical gaps and fulfil unmet needs in the holistic care of the elderly and young seniors, so as to create sustainable (business model and environment perspective) and personalised care models?
We are seeking scalable, end-to-end and sustainable (business model and environment perspective) solutions to promote personalised medical intervention, self-care, and right-sited care. This may include solutions such as:
Point of Care testing (i.e. diagnostic) solutions to transform disease diagnosis and support clinical decision to develop timely personalised care plans and/or treatments based on individuals’ risk profiles.
Digital innovations and Artificial Intelligence (AI) enhanced solutions that help to better predict, prevent and manage chronic diseases.
Wearables and sensors to bring supportive care closer to home, empowering individuals to self-manage their health status and receive personalised health and lifestyle coaching. This may pertain to eating healthily, increasing physical activities, taking their medications and routinely going for medical check-ups.
Your solution and proposal outcomes should be backed by clinical evidence and data. Submit your application today to contribute to the evolution of elderly care, promoting a future where aging is synonymous with vitality and independence.
Funding and Collaborations
Successful winners in CHISEL Healthcare InnoMatch 2024 will obtain funding support to demonstrate their solutions in operational environments and will receive further endorsement from our partner healthcare clusters upon successful validation of the results of pilot implementation. Ultimately, the platform aims to accelerate the adoption of near-market-ready and fit-for-mainstream-use healthcare innovation, bringing them a step closer to benefit patients.
Submit your application for Healthcare InnoMatch 2024 on the Challenge Portal by 5 April 2024, 23:59 SGT. Multi-participation is welcomed. Fill in the application form available in the participant space, providing the following:
Applicant and Company Information
Solution Pitch Deck (7 slides)
Pitch Deck Guidelines can be downloaded in the Challenge Portal.
Shortlisted start-ups and SMEs are to submit your full proposal, addressing the following but not limited to:
Healthcare (organisational) needs and relevance
Innovation (competitive advantage, current competing strategies, technologies, competitors)
Maturity/ market readiness
Ease of transition to adopt by users
Business plan (i.e. commercial applications, economic viability, go-to-market strategy of solution)
Clinical, technical and operational readiness
Prior or existing trials, proof-of-concept, proof-of-value and/or clinical validation results
Safety and regulatory registrations/ certifications/ licenses
Results will be announced by 12 Jul 2024. Up to twenty (20) start-ups and SMEs will be selected to move to the next shortlisting round.
Up to twenty (20) start-ups and SMEs will be invited to present your solution at Engagement Sessions with our clinical partners and reviewers.
Engagement Sessions will be held virtually at night, between 1800 and 2100 SGT (GMT+8/ UTC+8). Each session will be approximately fifteen (15) to twenty (20) minutes, with time allocated for the presentation and Q&A. More details on the arrangement of schedule will be shared nearer to date.
Results will be announced by 16 Aug 2024. Up to nine (9) finalists will be selected.
Finalists will be coached by experts in preparation for the Finale Event. This may include coaching on refining the value proposition of the solution, budgeting, business plan, pitching. Oral presentation of your solutions is required during the coaching sessions. Guidance on submission materials for the Finale Event will be provided nearer to date.
Finalists will pitch to the Judging Panel composed of senior management from the partner healthcare clusters and domain experts. Finalists in Singapore are required to attend the event in-person, while finalists overseas may dial-in through the online live-streamed platform.
Up to three (3) winners will be selected at the end of the Challenge, announced on the day of the event itself.
Successful winning start-ups and SMEs will be matched to one of the participating healthcare clusters to carry out test-bedding.
Winners will be granted three (3) months of preparation time to finalise the project agreement (and additional three (3) months if ethics approval is required); up to six (6) months to complete test-bedding; and up to two (2) months to complete the evaluation.
Test-Bedding Phase (Oct 2024 – Mar 2026)
Refine the test-bed protocol and define success criteria of the test-bed with your partner healthcare cluster. You would also define the pricing for subsequent purchase, subject to the solution meeting pre-agreed success criteria. You may be required by your partner hospital to supplement more documentation to facilitate the test-bedding and potential adoption.
A Project Agreement should be set up within three (3) months (an additional three (3) months may be granted if ethics approval is required).
Test-bedding should start no later than Apr 2024. Complete test-bedding in a simulated and/or clinical environment complying to regulations and institutional policies with your partner healthcare cluster. Test-beds should be completed within twelve (12) months.
Evaluation Phase (Apr 2026 – May 2026)
Upon completion of the test-bedding phase, the partner healthcare clusters would evaluate the success of the test-bed.
All CHISEL 2024 test-bed solutions are to be evaluated using the CHI Evaluation Framework (CHIEF). CHIEF is a holistic framework for the evaluation of innovative solutions seeking real world deployment. Evaluation costs should be included in your application.
You may also engage additional services (e.g. statistical analysis, study design, sample calculation etc.) from CHIEF or an independent expert for the purposes of the test-bed at your discretion.