Who is eligible to enter?
Entries are open to anyone 18 years old or older, and all legally formed entities, except a bankrupt person or organization or a person convicted of a crime under any national penal system as defined in the Official Rules. The Challenge is global. GE employees and contractors are not eligible to enter.
To enter, complete the online submission form and attach a document with the details of your proposal via healhtymagination.com/challenge between September 15, 2011 and November 20, 2011.
Entry process What is the entry process?
The first two focused sub-challenges will run from September 15, 2011 to November 20, 2011.
Entrants will be able to submit their innovations for the first two sub-challenges via challenge.healthymagination.com. Announcements of entries selected for the two focused sub-challenges will be made on or before March 31, 2012.
In the interest of openness and driving public engagement, the general public will be able to view and comment on summary information which may include videos.
In the interest of openness and driving public engagement with home technology, the general public will be able to view and comment on summary information which may include videos.
Can an individual submit more than one entry?
Yes, multiple entries are permitted. Each entry will be reviewed independently.
Can individuals collaborate to submit a single entry? Yes, multiple individuals or entities may collaborate to submit a single entry. If participating as a team, one designated team leader must be solely responsible for all activities related to the challenge.
Do entrants retain ownership of intellectual property rights? Yes, entrants will retain ownership of their entry and any intellectual property it contains. That said we are instructing entrants not to share confidential information with us. GE has the right to review entries, and post a reasonable amount of information about it such as a short description in the online submission form and any photo or video entrants submit. Please review our full Terms & Conditions for more details.
Which formats are acceptable for submission? (e.g., PowerPoints, videos, white papers) In addition to completing the online submission questions, you may attach additional materials in .pdf, .xls, .xlsx, .doc, docx, .ppt, .pptx formats. There is a limit of 7MB.
Can I edit my idea once I've submitted it? All submissions are final and cannot be edited or changed. Once your idea is submitted the review process begins. For this reason we cannot allow entries to be edited or changed after submission. Please take time to review your submission carefully before submitting it. If after your initial submission, your idea has grown into something substantially different, you can make a separate entry for this new idea.
What if one of the VC partners is already an investor of my technology? Does this disqualify me or present a conflict of interest? GE would be happy to accept your submission, even if one of the VC partners is already an investor of your business or technology.
How will entries be evaluated and selected?
Entries will be evaluated as candidates for both a potential commercial relationship as well as $10,000 to $100,000 “seed” awards acknowledging their entry as an example of outstanding entrepreneurship and innovation.
The candidates for a future commercial relationship with GE will be evaluated by a committee of representatives of GE businesses and the challenge partner firms. A separate, independent judging panel, GE executives and leading academics and technologists will also provide input on the commercial relationship candidates, as well as select recipients of cash Seed awards. Members of the general public will also be able to review and comment on entries. View the full Terms & Conditions.
How will challenge winners be announced?
Before March 31, 2012, GE will announce a list of those entrants who have been selected for commercial relationships. GE will also recognize a separate list of entrants selected by the independent judging panel as recipients of seed awards as examples of outstanding entrepreneurship and innovation. At least one seed award of $100,000 will be made to an entrant in each of the two sub-challenges announced today (at least two $100,000 awards in total), for the Breast Cancer Pathways challenge and the Molecular Similarities Between Tumors challenge.
What is the criteria by which each entry be evaluated?
GE’s healthymagination Challenge: Crack the Code is based on finding new and better cancer diagnostic technologies and processes as well as innovative business models. The evaluation committee judges will evaluate each submission based on a broad range of criteria such as:
Originality - innovative solutions with clearly distinctive features;
Feasibility – functional solutions that will enjoy success in the marketplace; and
Impact - potential to create a significant impact on the challenges we face.
What will the entrants selected for the pursuit of potential commercial relationships receive? Qualifying entrants may be awarded a cash grant or a fellowship to work at a GE research center or one of the following:
An equity investment by GE or others;
A cooperative agreement to develop a product or technology
I'm a researcher working in an academic institution, and I’m not sure what actions I need to take with my institution before I submit my idea?
We’re eager to hear about your ideas, no matter where you are -- including if you're a scientist working in an academic institution. If you have a great idea, you likely are intent on making sure the work you’re doing has the most substantial impact it can. That's why we launched the challenge to accelerate innovation in breast cancer in the first place - and we want to find you!
Your institution likely has a technology transfer office or legal department that can assist you before submitting your idea for consideration. You must contact them first to see if you have the right to submit your idea to GE, as the Terms & Conditions describe. Your technology transfer office will help in determining whether your invention would be better for licensing or for spinning off a company, and they can also tell you whether other steps are necessary before you submit your idea.
Remember; don't submit any confidential information through the regular website submission form. If you need to speak with someone about how to submit confidential information to help us review your idea, just send us your contact information by following the link for "Ask an Expert" on our innovation website and someone will get back to you promptly to explain the process. We're here to help you with any question you may have.
I'm not incorporated, not a start-up company, nor work in an academic setting; but have an idea I want to submit. Is my idea welcome?
Great question. We've had several individuals ask whether only a "company" that has an idea can be considered for the healthymagination challenge.
We're looking for good ideas from anyone and from anywhere. All you have to do is meet the terms and conditions linked here. How you've incubated your ideas - in a corporation, academia, or as an entrepreneur - just shows that there is no single formula for creation and for success. We recognize how hard it is to engage industry, and that's why we want to objectively help assess and triage your technology. One of the reasons open innovation challenges are used is to help unravel the mystery of possible commercialization.
I am concerned about posting my idea on your website and don't want my idea posted publicly. Is there a method for addressing my concerns?
At GE, we invest billions annually in research and development, so we understand the importance of intellectual property and need for confidentiality during the development of an idea into a viable product. However, as the terms and conditions explain, you should not submit any confidential information through the main submission form on our website, since sections of each submission may be posted for public review.
If you need to submit confidential information in order to explain to us what your idea is really about, let us know by following the link for "Ask an Expert" and we'll promptly get in touch with you to discuss the process. We want you to be comfortable that GE fully respects your need to maintain the confidentiality of your work.