Joule has opened its second round of grants seeking promising physician-led ventures designed to innovate and revolutionize health care in Canada.
Five grants ranging between $25,000 and $50,000 will be allocated in three categories to eligible Canadian Medical Association (CMA) members. Deadline for applications is May 1, 2017 with submissions being made via the Joule app.
Later-stage innovations (two grants available: one $50,000 and one $25,000 grant)
This category is reserved for established initiatives that have begun to assemble a team, have some seed funding and are in market with a proven sustainable revenue stream. Initiatives may include a product, service, technology, or other innovation. Social initiatives are not eligible.
Early-stage innovations (two $25,000 grants available)
This category is open to early-stage initiatives with some seed funding, no or minimal revenue, a credible business model and proven feasibility. Initiatives may include a product, service, technology and other innovation. Social initiatives are not eligible.
Social innovations (one $25,000 grant available)
This category is exclusively for an initiative that addresses a societal problem in a more effective, efficient or sustainable manner than the status quo, and for which the value created accrues primarily to healthcare as a whole rather than private individuals or organizations. Initiatives may include a product, service, process, model of care and/or policy. Seed funding must be in place. Social innovations eligible for a Joule Innovation grant may be in the early or later-stage of their lifecycle.
Learn more about Joule Innovation and its grant program.