In this phase, teams validate their problem-solution and solution-market fit, specifically for the healthtech market.
The program gets teams out of their comfort zone to conduct discovery interviews with key stakeholders to understand their needs, test hypotheses, and develop and validate value propositions and business models.
Each team is assigned an executive from the CIMIT Accelerator Team, made up of successful healthcare entrepreneurs, commercialization experts and investors who provide one-on-one mentoring throughout the program. Plus, teams interact each week with this panel of experts in Boston, presenting and defending their findings, attending lectures and doing readings. Teams receive feedback, helping balance the competing risks they face in making decisions.
Date: May 08-10, 2019
- Identifying the economic buyer
- Stakeholder interviewing
- Defining clinical needs and the value proposition
Dates: from May 21 to July 16, 2019
8 weekly web meeting sessions: Tuesdays at 10 am Boston time / 4 pm Barcelona time
Once the webinars are finished, there will be an evaluation and only the finalists will access phase II.
European Market Validation
Teams join road trips to Paris and Delft to research the market potential in France and the Netherlands. Our local partners (Medicen in Paris and Yesdelft! in Delft) will facilitate contacts within the local ecosystem and allow teams to:
- Acquire a deep understanding of the local ecosystems and stakeholders (France and Netherlands).
- Validate the potential clinical need/technology with local experts.
- Verify regulatory and reimbursement landscape in France and Netherlands.
- Network with KOLs.
Road-trip to Medicen Paris
Date: September 16-18, 2019
Teams join a 3-day road trip to Medicen Paris to validate their clinical need and verify regulatory and reimbursement in the French market.
Road-trip to Yes!Delft (Holland)
Date: October 29-31, 2019
Teams join a 3-day road trip to Yes!Delft (Netherlands) to validate their clinical need and verify regulatory and reimbursement in the Dutch market.
Once the road-trips are finished, there will be an evaluation and only the finalists will access phase III.
Boston networking and validation
CRAASH Barcelona gives participants networking and market validation opportunities with experts and institutions from the top healthcare and life sciences ecosystem in the world: Boston.
One of the most significant benefits of the CRAASH Barcelona program is the interaction with the Boston life sciences ecosystem, one of the strongest in the world. Teams have the chance to forge connections with the Boston ecosystem and pitch their projects to the investment community in the region.
(2 days - 8 teams)
Date: November, 2019 (TBC)
The program finishes with a public pitch to the Boston ecosystem including angels, corporate VC, and hospital-based innovation groups focused on facilitating effective connections.
Teams will also meet with stakeholders from the Boston ecosystem in order to extend their customer validation and create new collaborations.