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FAQs

What is the 2024 Loyola Chicago Health Equity Quest?

Health has partnered with MATTER to explore, source and engage digital and device-enabled solutions or services that address the challenge statement listed below:

  • How might we better support mental health equity in the workplace?

What types of ideas and solutions is this program seeking?

This global call for solutions is open to individuals and teams from across the innovation ecosystem — from university researchers, students, community organizations, entrepreneurs and existing startups of all stages. Solutions can range from early-stage concepts to marketed solutions. If your solution does not currently have a mental health application for emerging young professionals, you can still apply as long as there is a potential use case.

Do we need to have revenue to apply?

No, you do not need revenue to apply. We welcome applications from nonprofit ideas, pre-revenue startups, and student projects. Our competition is open to innovative ideas at any stage of development.

When is the application period?

Applications are accepted from 12:01am EST on August 5, 2024 through 11:59pm CST on September 27, 2024.

How do I apply for the competition?

You can apply here.

How many times can I apply?

One application is allowed per idea.

How many winners will be selected and will the winner be publicly disclosed?

Up to 10 finalists will be selected to participate in the Live Pitch Event. These finalists will pitch virtually or in person on November 14, 2024, to a group of subject-matter expert judges. 

We are planning for the Live Pitch Event to be in person in Chicago, IL. However, the safety and health of our attendees are our top priority. We will continually monitor developments related to COVID-19, as well as local and national guidelines to ensure the health of the public. If needed, we will pivot to a fully virtual format. A portion of the event will be broadcast virtually for the public.

 

What will the innovation finalists receive?

Up to USD $35,000 to be split among no more than three organizations. Up to three organizations will receive a six-month MATTER global membership.

To see a full list of terms and conditions, please click here.

How can the prize money be used?

The non-dilutive prize money can be used for any aspect of product or company operations that helps advance the development of the solution.

Who chooses the finalists?

Applicants were screened and evaluated by Loyola University Parkinson School of Health Sciences and Public Health and MATTER. Finalists will be selected by a team of subject-matter experts.

Who chooses the winners?

Finalists will present either in person or virtually to a panel of independent judges at the Final Pitch event on November 14, 2024. The judges will score each solution on specific criteria and use that information to select the winners.

What are you looking for in applications?

Judging criteria

  • UNMET NEED
    • What is the strategic basis for the identified problem/gap (e.g., research conducted)?
    • How is mental health in the workplace specifically addressed?
  • IMPACT
    • Does the innovation have the potential to improve population or health outcomes, health care delivery and/or health equity?
    • What level of impact will the innovation make?
    • What metrics will the organization use to measure and demonstrate this impact? 

  • FEASIBILITY & SUSTAINABILITY
    • How is the innovation unique to the market?
    • What is the feasibility of development and implementation into the marketplace or healthcare ecosystem (e.g., funding, regulations, testing requirements, etc.)?
    • How capable is the team to execute the solution?

If I have additional questions not addressed here, where can I obtain more information?