In keeping with its mission to innovate, educate and collaborate to improve patient care, SAGES is embarking on an exciting new enterprise designed to stimulate and support surgical innovation. In partnership with Varia Ventures, SAGES is launching a three-pronged initiative to educate its members on entrepreneurism, engage and showcase inventors through the reimagined and funded SAGES Shark Tank business competition, and finance promising startups through the newly formed SAGES Investment Network Collaborative (SINC).
This year’s finalists will present both their idea and supporting business model to the Shark Tank judges. All semi-finalists will have an opportunity to receive funding through SINC, a digital investment platform powered by Varia Ventures, that will allow fellow SAGES members to invest in their idea. In addition, the winner will also receive the $30,000 first prize.
COME SWIM IN THE TANK!
Here are some of the many ways you can participate: » Start Ups: Apply to Compete in Shark Tank 2021Applications open May 15, 2021 » Attend the Semi-Finalist Pitch Presentation WebinarRegistration Opens July » Attend the Postgraduate Course “The Surgical Entrepreneur: Innovation and Investment Strategies”At the SAGES Annual Meeting – Annual Meeting Registration required » Attend the Shark Tank SessionAt the SAGES Annual Meeting – Annual Meeting Registration required » Register for SINC Investor Network powered by Varia
An opportunity to invest as little as $5,000 (or as much as you’d like) in any or all Finalists |
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Apply:
Application Fee: $250
Application Opens: SATURDAY, MAY 15, 2021
Sign up here to be notified when it opens
Want to prepare? Download PDF Part 1 of the Application
Please note: The application will need to be submitted through the Varia portal. The PDF application checklist is available for reference and preparation.
Application Closes: FRIDAY, JUNE 4, 2021
Eligibility Criteria:
- Must own IP or have exclusive license to IP
- Have formed company or intend to form one
- Sector: Medical technology, devices, pharmaceuticals, life sciences. Most appropriate for intersection with general surgery or surgical endoscopy
- Founder with domain experience
- Traction encouraged but not required (e.g. active pilots, prior grants, awards or funding, customers)
Review Process:
Round 1: Written Application
Applications will be accepted through June 4th. Notifications will be sent early July.
Round 2: Pitch Presentation
The selected applicants will prepare a pitch presentation.
Pitch Presentations will take place, Thursday, July 15, 2021 via Webinar
Round 3: Diligence Review
Potential finalists will be asked to submit diligence documents (i.e. patents, license agreements, corporate documents, financials, etc.) for review.
Round 4: Finals
The selected Finalists will be expected to prepare a final pitch deck to be presented at the SAGES Annual Meeting at the Shark Tank Session on Thursday, September 2, 2021.
Attendees who register and attend the postgraduate course “The Surgical Entrepreneur: Innovation and Investment Strategies” on Wednesday, September 1 will be eligible to vote for the winning pitch.
The Winner Receives:
- $30,000 – Prize money granted only to the business entity
- An opportunity to receive funding through the newly formed SAGES Investor Network (SINC), a digital investment platform powered by Varia Ventures that will allow fellow SAGES members to invest in your idea at this year’s Annual Meeting.
All Finalists Receive:
- An opportunity to receive funding through the newly formed SAGES Investor Network (SINC), a digital investment platform powered by Varia Ventures that will allow fellow SAGES members to invest in your idea at this year’s Annual Meeting.
*SAGES 2021 Shark Tank is not affiliated with Shark Tank (Sony Pictures Television Inc.)
For questions please contact Nicole Von Husen, [email protected]