The pitch day on March 24th at the BMJ was a very inspiring day in which we heard 3rd year medical students pitch their business ideas to the judging panel and audience at the BMJ. The quality of the business ideas was outstanding and we would like to thank all the students and mentors for their great work.
The ideas were elaborated and built as real business cases stating the problem, the uniqueness of the solution, the financial costs and revenue predictions, as well as the team needed to build the company and the product timelines.
CONGRATULATIONS to OSCAR Team, the winners!
We are particularly proud as our CEO Cristina De Juan was one of the mentors of this team. We would like to thank the BMJ for hosting the event and providing the winning prize, which will allow to develop OSCAR further.
TEAM 1 - MDT Link: The Multi-Communication App
The current bleep system used amongst healthcare professionals in hospitals is outdated, takes away valuable time and has a negative impact on patients. In addition, the information is not passed effectively or efficiently.
The team proposed MDT as the solution, an app providing instant notifications and messaging. The pitch highlighted the need for security of the data exchanged during the communication and defined a well-thought customer purchase channel, partners and project timelines.
TEAM 2 - Contextual Healthcare: Integrating Data
We produce a lot of data from our phone, wearables, and other smart devices. What data is relevant and significant? The team proposed a cross-platform app which can extract data from phones, wearables, fitness ecosystems and allows for manual entry. A system, where the data processes and syncs to the GP practice's communication system.
During the pitch, the team was passionate about their vision and the use of machine learning to predict trends in the data.
TEAM 3 - OSCAR: The Snapchat of Medicine
Medical students feel they are not well-prepared for the real world. Learning about symptoms is not always available so the team came up with OSCAR. A multi-sensory learning platform using augmented reality to create your own virtual patient.
OSCAR could be used by students and doctors to be able to choose specific pathologies. The team went over the product development plan, and a neat user-growth model and financial projections. They also handled challenging questions from the judges very well, and at the end, they went on to win this competition. Well done team.
TEAM 4 - Loop: The Wearable to Screen and Diagnose ADHD in Children
The current method of picking up ADHD in children needs to be improved: 40% of cases go undiagnosed, and 25% of children diagnosed don’t have the condition.
The team aims for Loop, a wearable device used for screening, diagnosis and monitoring, to become the gold standard for ADHD. The team explained the current method, the benefit of using Loop, and their future plans to use Loop for attention deficit disorder, and autism disorder.
TEAM 5 - DoorDoc: Bringing the GP to You
Busy professionals have difficulty in accessing a GP at short notice, and with flexible opening times. DoorDoc proposes to bring the GP to you. The team went over their marketing and sales plan, detailed pricing and growth plan, and company valuation. They delivered a great presentation, even though they joined the competition at a later stage.
Once again, well done to all participants and we hope you can develop your ideas further and build great companies as doctors and entrepreneurs.