STAGE 1 – INNOSTARS AWARDS
Start-ups that fit the overall EIT Health InnoStars Awards objectives will be selected through external experts. Start-ups will be sorted into two categories based on their maturity:
Validation Track: for start-ups with MVP and no income.
Investment Track: for start-ups with revenue and looking for seed or Series A investment.
STAGE 2 – MENTORING AND TRAINING
Entrepreneurs can opt for one of two specialized tracks: the Validation Track or the Investment Track. In the Validation Track, startups participate in two 3-5 day bootcamps aimed at accelerating market readiness. They focus on verifying product or service value, attracting private investment, determining net present value, and honing business plans and communication skills. Alternatively, the Investment Track offers a singular 3-5 day bootcamp centered on crafting investment strategies, perfecting business plans, defining unique selling propositions, refining pitches, managing investor relations, and optimizing term sheets and investment conditions.
STAGE 3 – BOARD MEETING SIMULATION
For Investment Track start-ups only – board meeting simulation with dedicated senior investors, the start-ups are paired with real-life investors. It is a unique opportunity where start-ups get a taste of working with investors. The venture capital representatives ask the tough questions and set and monitor the milestones with start-ups to help them prepare for working with an investor.
STAGE 4 – INNOSTARS AWARDS GRAND FINAL
The InnoStars Grand Final is a prestigious event where participants pitch their start-ups to an international jury of healthcare professionals, EIT Health partners, market experts, and VCs. They connect with potential partners and gain media visibility. Start-ups receive feedback from jury members in Venture Capital, pharma, and Business Development. The top three Validation and Investment Track companies will receive awards 1st: €25,000; 2nd: €15,000; 3rd: €10,000.
