GE Open Innovation Challenge: Call in Saudi Arabia to redefine patient care
By 2020, GE wants to impact 10 million patients across the globe while investing US$1 billion dollars on cancer R&D over 5 years.
As part of this initiative, GE has launched a US$100 million global open innovation challenge that invites researchers, entrepreneurs, start-ups and innovators to submit ideas that enable doctors to more accurately diagnose breast cancer and select the most effective targeted therapies.
The Challenge’s focus in Saudi Arabia is to identify sustainable methods that seeks to identify and bring to market ideas that advance breast cancer diagnostics. To encourage entries from the Kingdom, GE will be reaching out to leading universities to spread awareness of the Challenge. Approaching leading Universities in the Kingdom will add a new dimension to the Challenge as students address it with a fresh approach.
Launched globally in collaboration with leading venture capital firms Kleiner Perkins Caufield & Byers, Venrock, Mohr Davidow and MPM Capital. the effort will also feature a special focus on data, in partnership with O’Reilly Media, whose CEO & founder, Tim O’Reilly is a preeminent advocate for using data science to spur innovation.
Challenge entrants will be evaluated by a committee of representatives from GE and venture capital partner firms. Selected winners will be the recipients of the US$100,000 innovation seed grants which will be announced in the first quarter of 2012.
Additionally, entries from Saudi Arabia will also be separately evaluated and considered.
Winning candidates from Saudi Arabia will be offered job and training opportunities at GE in the Kingdom.
In addition to the Challenge in Saudi Arabia, GE and the Kingdom of Saudi Arabia’s Ministry of Health have established a mutual partnership aimed at increasing access to breast cancer screening. GE will develop and deploy two mobile screening units in Riyadh City with the goal of screening 10,000 women within the first twelve months with a plan to start in October 2011.
To view the full terms and conditions, visit healthymagination.com/challenge Any questions, feel free to post them here or go to www.healthymagination.com/challenge for more information. The Challenge is open for entries at www.healthymagination.com/challenge.