About The Program

Program Overview

 

The goal is to encourage creativity and innovation that addresses a pain or social needs in any aspect of the society, including those created by Covid-19. Covid-19 related innovation is desired but not required.

 

You will have access to NECINA’s resources to improve your concept or transform it towards a more viable solution. All participants are eligible to access mentors during their “office hours'' coordinated by NECINA. Mentors are experienced and accomplished professionals in their respective industries, including subject experts, innovative professors, angel investors, venture capitalists, series investors, senior corporate executives, and successful entrepreneurs. There (3) submissions will win the award prizes with a total prize of up to $20,000. 

 

 

Event Theme

The innovation can be a concept related to any aspect of your life, including study and professional work, social life, interaction with all stakeholders in the society. Covid-19 related innovations are highly desired but not required. Covid-19 has transformed all aspects of people’s lives on an unprecedented scale and impacted every industry and every business. But the pandemic has amplifying innovations. You or your team’s goal is to develop innovative products, technologies, applications or business processes to shape the future of what we live and strive to be.

 

Some of the sample needs and related innovation areas are,

  • There is an increasing need for building personalized yet shared virtual communities either in the workplace or social environment while in person interaction is minimized.

  • More robots are undertaking new responsibilities to perform tasks that humans may be otherwise incapable of performing due to risk of exposure to Covid-19. Smart devices used for contact tracing, monitor patients, or even manage data collection and analysis in healthcare.

  • We have also seen digital applications that increase efficiency and improve user experience for supply chain and logistic services.

  • Application to motivate teenagers be more self-disciplined in using social media.

 

Your innovation can be used for the industries such as transportation and logistics, robotics and automation, medical and life sciences, etc. for a meaningful purpose to benefit either the public in general or a selective group of people. 

 

 

 

Time Frame

The competition is a 7-month competition from November 2020 to May 2021. Registration starts on November1, 2020 and ends on March 31st, 2021. Once registered, you have until April 30, 2021 to submit the detailed innovation plan or concept according to the deliverable standards determined by the organizer. 10 projects will be shortlisted, 3 projects will be selected as finalists at a final award ceremony in May 2021.


 

 

Participants

You can be an individual or a team of up to 6 persons. You can be in any stage of innovation, including hatching an idea, bootstrapping, or just received investment. There is no geographic restriction on where the participant(s) is located. A team may consist of multiple participants collaborating from different areas in the world. 

 

Participants Exclusion: Current NECINA board members and senior volunteer officers are not allowed to participate in this competition. Senior officers are those in the role as President, Vice President, Director and Co-Director.  Any participant of any project that has already received an award from any other innovation challenge, business plan competition, or competition of any sort, in the past 12 months prior to November 1, 2020, is not eligible to participate.

Competition Rules

The Competition opens for registration on November 1, 2020 and closes March 1st, 2021. You can update your submission till April 30, 2021 once registered. For your submission to qualify for consideration, you must complete the registration form in program website. ​When you submit your innovation ideas, choose one of three categories to describe your product, technology or business process with a 5 minutes video and any supplementary materials,

       - Category 1: Physical Product, Website / Mobile Applications

  • The video shall describe the product, website / mobile app., including but not limited to, what is it, why do you think it’s useful, what makes it novel, who can use it, when to use it, how to use it, etc.

  • The supplementary materials can include a product prototype, a user manual, design instructions, a business plan or anything else as appropriate

 

      - Category 2: Intangible Technologies

  • The video shall describe the technology including but not limited to, what is it, why do you think it’s useful, what makes it novel, where it would be applied, etc.

  • The supplementary materials can include a word file of the technology introduction, a business plan or anything else as appropriate

 

       - Category 3: Business process and any other business Innovation Ideas

  • The video shall describe the business process including but not limited to, what is it, why do you think it’s useful, what makes it novel, where it would be applied, etc.

  • The supplementary material can be a word file of the business process introduction, or anything else as appropriate

 

Your submission will be judged on these criteria:

  • Innovation (50% of score) -- What makes the idea novel? Does it represent an important advance over the current practice or state of the art?

  • Manufacturability / Feasibility (25% of score) -- How easy would it be to implement / apply? Can it be cost-effectively manufactured/produced/applied?

  • Marketability (25% of score) -- Does the idea have practical applications? Is there a well-defined, significant market for its use?

 

Tips for Submission Entry:

Your innovation can be used for the industries such as transportation and logistics, robotics and automation, medical and life sciences, etc. for a meaningful purpose to benefit either the public good in general or a selective group of people by:

  • Increase the efficiency or improving productivity

  • Reducing the communication barrier

  • Improving quality of life

  • Improving the accessibility of information or data to help decision making

  • Automating tedious tasks or procedures

  • Improving public safety and security

  • Reducing consumption of time, money and other resources

  • Creating job opportunities

  • Enabling other product or process improvements

Why Participate in this Challenge

You will have access to NECINA’s resources to help validate your idea, transform it to a feasible solution, and even grow towards commercialization. You can seek advice from mentors during their “office hours”. Mentors are experienced and accomplished professionals as innovators, investors, venture capitalists, lawyers, accountants, corporate executives, marketers, management consultants, and successful entrepreneurs. You may be one of the three final winners to be awarded up to a total of $20,000.

 

  • An opportunity to win cash award

  • Access to NECINA’s valuable resources to improve your concept or ideas

  • Tap into NECINA’s network of expertise/mentors to enhance your solution

  • Connect to venture capitalists/successful entrepreneurs/industry leaders and obtain potential investment or job opportunities

  • Demonstrate your creativity and disruptive thinking ability to innovative professors for education directions

  • One-year NECINA membership and free admission to all NECINA events throughout the year 

  • Team up with global innovators without the border under thrilled challenge rules

  • Shape a new Post-COVID19 future to benefit either the public in general or a selective group of people

NECINA
PO Box 715
Needham, MA 02494
E-mail: info@necina.org

Website: www.necina.org

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