Yukon Innovation Prize

We are looking for innovations in the field of Health and Wellness

Cold Climate Innovation in partnership with the Yukon Government, Department of Economic Development will be hosting their 3rd annual Yukon Innovation Prize to encourage the local development and delivery of innovative products and services. The goal is to increase the locally-provided value in goods and services sold in Yukon and in the broader northern markets, enhancing health in the territory and providing employment opportunities.

The focus of this year’s contest is Health and Wellness. Some examples include:

  • Medical devices
  • Remote healthcare
  • Assistive or adaptive technology
  • Rehabilitative technology and process
  • Process Innovations
  • Sport and physical activity innovations
  • Wellness products and services

Contest Details

Who can apply: Any Yukon-based resident or organization is eligible to submit a business feasibility plan

Prizes: $100,000 to be awarded

Up to four finalists will be chosen from the eligible submissions. These finalists will be given $10,000 to develop their ideas further and provide more evidence of their technical and business value. The refined plans will be evaluated, and a single winner will be given $60,000 towards bringing the innovation to commercialization.

Contest timing: Submissions will be accepted after 08:00 on February 13th, 2017 and before midnight on March 12th, 2017.

Schedule

There will be an information session held on February 23rd, 2017 from 12pm – 1pm at the Yukon Research Centre, 520 College Dr, Whitehorse, YT. This session is open to anyone that would like additional information on the contest and submission process.

  • 2017-02-13:  contest opens and entries are accepted
  • 2017-03-12:  deadline for new entries
  • 2017-03-31:  four finalists for the $10,000 will be selected by this date
  • 2017-06-04:  four finalists submit their final proposals
  • 2017-06-13:  grand prize winner announced

Eligibility

  • The contest is open to both individual entrants and organizations
  • Individuals must be residents of Yukon
  • Organizations must have a valid Yukon business license and a permanent business office in Yukon
  • An individual or organization can submit more than one entry, but each individual or organization will be eligible for only one prize
  • Individuals or organizations who are part of an entry (e.g. with another individual or organization) may not submit an entry separately - put another way for clarity, an individual or organization can only submit entries under a single name or group
  • One prize will be reserved for an entry by an individual or organization located in Yukon, but outside of Whitehorse. Should there not be a feasible entry from the communities, as determined by the judging panel, the prize may be awarded to a Whitehorse-based entry

Submission Process

  • Entries received between 08:00 on February 13, 2017 and 23:59 on March 12, 2017 will be eligible for consideration
  • Entries are to be submitted on-line to innovation@yukoncollege.yk.ca
  • Entries will be evaluated by a panel of judges against the criteria outlined. They should include both technical and business information that will meet those criteria as completely as possible
  • A template has been put together for you to use as a framework for your response, but while recommended, it is not mandatory to use it.
Download the submission template
 
For Adobe Acrobat (pdf)    For Microsoft Word (docx)

 

Criteria

The criteria are broken down into two major categories: feasibility (both technical and business feasibility); and Yukon benefit (will it generate jobs, new businesses, and/or economic/environmental benefits for the territory?).

Feasibility

Technical

  • How complete is the design or plan for the innovation?
  • Do the skills and materials exist in Yukon to support the implementation of the innovation?
  • What is the technical benefit of the proposal and how significant might it be both economically and socially?

Business

  • Is there a market/demand for the innovation?
  • How broad is the market locally, and is there export potential?
  • Can it be implemented profitably?
  • Can it be commercialized?

Yukon Benefit

Wealth generation

  • Will the innovation generate health or wellbeing related activity or increased value in the economy.

Employment

  • Will the innovation result in an increase in employment for Yukon residents?
  • Will the innovation result in a new business?

Breadth of benefit

  • Are there benefits for communities?
  • What is the potential for export, if any?

The team at Cold Climate Innovation are here to help answer any of your questions, please email us at innovation@yukoncollege.yk.ca.