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:
» Follow the Shark Tank Competition» Attend the Semi-Finalist Pitch Presentation WebinarCheck back soon to view the recording » 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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Shark Tank Competition
Apply: Applications Now CLOSED
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
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- Lazurite
- Bruin Biosciences, Inc.
- Xenocor Inc.
- Entac Medical Inc.
- NERv Technology Inc.
- Trocar Solutions LLC
- Endolumik, Inc.
- theraGI LLC
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 in person 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.
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- Lazurite
- Endolumik, Inc.
- theraGI LLC
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]
PLEASE NOTE: As you consider investing in SINC, please be aware that the new ACCME Standards of Integrity and Independence require that individuals involved in the content of CME activities disclose all financial relationships with ACCME-defined ineligible companies. These Standards specifically indicate that accredited providers, such as SAGES, must exclude equity owners of ineligible companies from involvement in the planning and presentation of CME content (such as presenting at SAGES conferences and participating in SAGES courses). Please contact Erin Schwarz, SAGES Staff, for any questions.