Seoul Innovation QuickFire Challenge: Healthcare for the New Normal Grant
Johnson & Johnson Innovation - JLABSSuggest an update
Deadline: The deadline for this grant has passed
Grant amount: Up to US $125,000
Fields of work: Health Information Technology Biomedical informatics Patient Care & Services
Applicant type: Individuals, Organizations
Funding uses: Research, Project / Program
Location of project: Anywhere in the world
Location of residency: Anywhere in the world
Must travel to: Korea, Republic of
Seoul Innovation QuickFire Challenge: Healthcare for the New Normal
While the implications of the pandemic are still unfolding, countries across the world are preparing for life in the “New Normal.”
In this period of transition, forward-thinking innovations aiming to address healthcare challenges are needed more than ever. Through disruption, we must leverage data and health technologies to accelerate potentially life-saving ideas aiming to improve patient care through the uncharted times that lay ahead.
That is why Johnson & Johnson Innovation—JLABS (“JLABS”), in collaboration with Seoul Metropolitan Government (“SMG”), Korea Health Industry Development Institute (“KHIDI”), Janssen Korea Ltd., is launching the Seoul Innovation QuickFire Challenge for Healthcare in the New Normal.
Up to two innovators with the best ideas aiming to address and enable potential healthcare solutions in the post-COVID era will receive up to KRW150,000,000 (approximately US$125,000) in grant funding, residency at the Seoul Bio Hub, and mentorship and coaching from experts at the Johnson & Johnson Family of Companies.
 From the KRW150 million grant, each awardee will receive a KRW75 million grant including one-year mandatory residency, which must be used toward the rent and utilities at the Seoul Bio Hub for a year. Estimate based on exchange rate of 0.00083 in June 2020.
Areas of Interest
We encourage applications from innovators working on all aspects of health care within the “New Normal.”
Specifically, we’re looking for:
- Health technologies including big data, artificial intelligence, and block chain.
- E-health platforms that can improve the patient journey, empowering decision making for physicians and leading to better patient outcomes.
- Rapid diagnostics for early detection and monitoring of rare diseases – in particular for Pulmonary Hypertension (PH).
- Companion diagnostics for oncology.
- Smart systems for vaccine distribution and patient adherence.
We are interested in applications seeking to impact:
- Patient care & shared decision making.
- Healthcare related problem solving, including impact that aims to lower cost and improves access to care.
- Customized approach for better outcomes.
Why this challenge matters to us
We believe a good idea can come from anywhere, and it’s our goal to find new and innovative technologies that provide solutions to patients from around the world. Working together, we can spark the next great idea that could change the trajectory of health. Seoul, Korea has a robust healthcare innovation ecosystem and Johnson & Johnson is aiming to accelerate breakthroughs through this QuickFire Challenge.
You can learn more about this opportunity by visiting the funder's website.
- Applicants may be individuals, entrepreneurs, academics, biotech researchers or an early-stage company that is less than 60 months old. Each Challenge has its own terms & conditions that can be found prior to filling out the application.