Praxis SCI Accelerate Program Application 2022 (May 24 - November 25)

Fill in your information below to start application for the Praxis Acceleration Program 2022. Application deadline is Wednesday, April 27 at 11:59 pm Pacific Standard Time (PST).

*Please ensure you save your responses in a separate text document as this application does not allow you to save your work online

Important dates:

First and second interviews: May 4 - May 17

Offers out: May 18

Program starts: May 24

Program Ends: November 25

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1. Primary Applicant Details (Required.)

First Name

Last Name

Email Address

Phone Number

Company Name

Company Website/URL

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2. Company Address / Location: (Required.)

Address *

Address 2

City/Town *

State/Province *

ZIP/Postal Code *

Country *

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3. Please indicate that a co-founder will lead the participation of your company in this program, and that they are able to participate in the program from Tuesday, May 24 to Friday, November 25, 2022, with virtual program sessions and additional work for an average of 8-15 hours per week.

Please note, August 29 - September 6 will be a break off the program. (Required.)

Yes

Please indicate any scheduling conflicts you have in the next 6 months that we should be aware of.

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4. What's your Technology Readiness Level (TRL)?

You can find additional information here: https://www.ic.gc.ca/eic/site/080.nsf/eng/00002.html (Required.)

Level 1: Basic principles of concept are observed and reported

Level 2: Technology concept and/or application formulated

Level 3: Analytical and experimental critical function and/or proof of concept

Level 4: Component and/or validation in a laboratory environment

Level 5: Component and/or validation in a simulated environment

Level 6: System/subsystem model or prototype demonstration in a simulated environment

Level 7: Prototype ready for demonstration in an appropriate operational environment

Level 8: Actual technology completed and qualified through tests and demonstrations

Level 9: Actual technology proven through successful deployment in an operational setting

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5. Check the boxes to confirm you meet the following requirements: (Required.)

Demonstrates application SCI health challenges (functional mobility, neuro-restoration, secondary complications (i.e bladder and bowel complications, neuropathic pain, pressure injuries) or overall quality of life)

MVP completed, TRL 7 (TRL 5+ considered)

1 minimum full-time founder

Legally Incorporated or planning to incorporate in Canada

Existing traction or target to reach traction in the next 12 months (e.g. planned pilots or sales pipeline)

Business Plan

Product video

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6. Are you legally incorporated? (Required.)

Yes, in Canada

Yes, outside Canada

Yes, in British Columbia, Canada

If incorporated in a country outside Canada, list country in which your company is incorporated

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7. Number of full-time employees: (Required.)

1 - 4 Employees

5 - 9 Employees

10 - 19 Employees

20 - 49 Employees

More than 50 Employees

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8. How does your team address diversity, inclusivity, and equity? (Required.)

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9. References: List 1 to 3 people we can contact (Name, position, email, phone number) (Required.)

Reference 1

Reference 2

Reference 3

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10. Describe your product in one sentence (Elevator Pitch): (Required.)

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11. Explain what makes your product unique in the market in one sentence: (Required.)

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12. Is your product a Business to Business (B2B) or Business to Consumer (B2C) product? (Required.)

Business to Business (e.g. Hospital, provider is the buyer of your product)

Business to Consumer (e.g product is sold directly to the end consumer, the patient)

Other (please specify)

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13. What care setting do you anticipate your product will be used, at scale

Acute setting (hospital)

Rehab clinic/facility

At home

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14. What specific primary or secondary health challenge will your solution address for individuals living with a spinal cord injury? (Required.)

Neuropathic pain

Neuro-restoration

Bladder and Bowel related complications

Sexual function

Pressure injuries

Psycho-Social

Other (please specify)

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15. Please describe in 1 sentence, how your product specifically could meet the needs of individuals with a spinal cord injury. (Required.)

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16. Have you engaged with individuals with a spinal cord injury? If so, how many. (Required.)

10+

100+

1,000+

10,000+

Other (please specify)

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17. How many individuals with a spinal cord injury do you target reaching in 5 years (estimate) (Required.)

10+

100+

1,000+

10,000+

100,000+

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18. What other markets (types of patients, diagnoses) will your product benefit?

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19. Does your product have potential to reduce carbon emissions/have a climate sustainability impact? If so, please detail.

Yes

If yes, please detail.

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20. What is your planned product price at scale? (Canadian Dollars) (Required.)

CAD$0 to CAD$99

CAD$100 to CAD$249

CAD$250 to CAD$499

CAD$500 to CAD$999

CAD$1,000 to CAD$5,000

CAD$5,000 to CAD$10,000

More than CAD$10,000

If ongoing subscription, what's the yearly rate?

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21. Do you have any current sales? What's your annual revenue YTD? (Canadian Dollars) (Required.)

Pre-Revenue

CAD$1,000 to CAD$9,999

CAD$10,000 to CAD$49,999

CAD$50,000 to $249,999

CAD$250,000 to $1 Million

More than 1 Million

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22. Please briefly describe your progress in the following areas: (Required.)

Clinical trials (animal/human studies, sample size, dates)

Intellectual Property

Sales

Partnerships

Regulatory

Reimbursement

Manufacturing

Non-dilutive/grant funding (amounts, providers)

Dilutive financing (equity)

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23. Attach your pitch deck (File size limit is 16MB) (Required.)

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24. Before uploading your business plan, please confirm you have included the following sections by checking off the boxes below: (Required.)

Size of overall market, and SCI market, target market share and types of market.

Intended impact of your product on SCI patients (# patients served, type of impact, significance of impact)

Description of the solution (succinct/brief description preferred, visuals welcomed)

Brief description of clinical validation/research completed to date (including 3rd party, accredited research findings where relevant)

Competitor analysis (what is unique about your solution and who are your 3-5 key competitors internationally)

Financial statement and sales forecast (past year by quarter, and 3 years’ projection – Include # of units projected to be sold by year. Use USD or CAD as monetary units)

Marketing/Customer acquisition strategy (describe resources needed/used to acquire market share in specifics)

Product roadmap (e.g. technical or clinical validation milestones completed, to be completed as part of go to market strategy)

Exit strategy (clear path to sustainable business model or exit to strategic buyer or funder, specific examples preferred)

Capital plan and raise (amount raised to date, round, and objectives for future raises, particularly within 2021)

Company team (including board of advisors if applicable and bios of core team members)

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25. Attach a business plan (a 10-15 page business plan is sufficient) (File size limit is 16MB): (Required.)

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26. Provide a link to your 3-5 minute product video - a brief video that explains your product and its uses ( Vimeo (e.g. streamed videos) highly preferred. Downloadable video files are often not compatible with our systems): (Required.)

Include link to video here:

and password as applicable:

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27. What are the 3 key objectives of your company in the Spring/Summer of 2022 (e.g. what sales, product development, regulatory objectives do you wish to achieve by November 2022?) (Required.)

Objective 1

Objective 2

Objective 3

Praxis SCI Accelerate Program Application 2022 (May 24 - November 25)

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* 1. Primary Applicant Details (Required.)

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* 2. Company Address / Location: (Required.)

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* 4. What's your Technology Readiness Level (TRL)?You can find additional information here: https://www.ic.gc.ca/eic/site/080.nsf/eng/00002.html (Required.)

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* 5. Check the boxes to confirm you meet the following requirements: (Required.)

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* 6. Are you legally incorporated? (Required.)

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* 7. Number of full-time employees: (Required.)

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* 8. How does your team address diversity, inclusivity, and equity? (Required.)

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* 9. References: List 1 to 3 people we can contact (Name, position, email, phone number) (Required.)

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* 10. Describe your product in one sentence (Elevator Pitch): (Required.)

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* 11. Explain what makes your product unique in the market in one sentence: (Required.)

Question Title

* 12. Is your product a Business to Business (B2B) or Business to Consumer (B2C) product? (Required.)

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* 13. What care setting do you anticipate your product will be used, at scale

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* 14. What specific primary or secondary health challenge will your solution address for individuals living with a spinal cord injury? (Required.)

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* 15. Please describe in 1 sentence, how your product specifically could meet the needs of individuals with a spinal cord injury. (Required.)

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* 16. Have you engaged with individuals with a spinal cord injury? If so, how many. (Required.)

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* 17. How many individuals with a spinal cord injury do you target reaching in 5 years (estimate) (Required.)

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* 18. What other markets (types of patients, diagnoses) will your product benefit?

Question Title

* 19. Does your product have potential to reduce carbon emissions/have a climate sustainability impact? If so, please detail.

Question Title

* 20. What is your planned product price at scale? (Canadian Dollars) (Required.)

Question Title

* 21. Do you have any current sales? What's your annual revenue YTD? (Canadian Dollars) (Required.)

Question Title

* 22. Please briefly describe your progress in the following areas: (Required.)

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* 23. Attach your pitch deck (File size limit is 16MB) (Required.)

Question Title

* 24. Before uploading your business plan, please confirm you have included the following sections by checking off the boxes below: (Required.)

Question Title

* 25. Attach a business plan (a 10-15 page business plan is sufficient) (File size limit is 16MB): (Required.)

Question Title

* 26. Provide a link to your 3-5 minute product video - a brief video that explains your product and its uses ( Vimeo (e.g. streamed videos) highly preferred. Downloadable video files are often not compatible with our systems): (Required.)

Question Title

* 27. What are the 3 key objectives of your company in the Spring/Summer of 2022 (e.g. what sales, product development, regulatory objectives do you wish to achieve by November 2022?) (Required.)

Question Title

* 28. What are the key needs that the SCI Accelerate Program can help you address? (with 1 being highest priority) (Required.)

1. Primary Applicant Details (Required.)

2. Company Address / Location: (Required.)

4. What's your Technology Readiness Level (TRL)?

You can find additional information here: https://www.ic.gc.ca/eic/site/080.nsf/eng/00002.html (Required.)

5. Check the boxes to confirm you meet the following requirements: (Required.)

6. Are you legally incorporated? (Required.)

7. Number of full-time employees: (Required.)

8. How does your team address diversity, inclusivity, and equity? (Required.)

9. References: List 1 to 3 people we can contact (Name, position, email, phone number) (Required.)

10. Describe your product in one sentence (Elevator Pitch): (Required.)

11. Explain what makes your product unique in the market in one sentence: (Required.)

12. Is your product a Business to Business (B2B) or Business to Consumer (B2C) product? (Required.)

13. What care setting do you anticipate your product will be used, at scale

14. What specific primary or secondary health challenge will your solution address for individuals living with a spinal cord injury? (Required.)

15. Please describe in 1 sentence, how your product specifically could meet the needs of individuals with a spinal cord injury. (Required.)

16. Have you engaged with individuals with a spinal cord injury? If so, how many. (Required.)

17. How many individuals with a spinal cord injury do you target reaching in 5 years (estimate) (Required.)

18. What other markets (types of patients, diagnoses) will your product benefit?

19. Does your product have potential to reduce carbon emissions/have a climate sustainability impact? If so, please detail.

20. What is your planned product price at scale? (Canadian Dollars) (Required.)

21. Do you have any current sales? What's your annual revenue YTD? (Canadian Dollars) (Required.)

22. Please briefly describe your progress in the following areas: (Required.)

23. Attach your pitch deck (File size limit is 16MB) (Required.)

24. Before uploading your business plan, please confirm you have included the following sections by checking off the boxes below: (Required.)

25. Attach a business plan (a 10-15 page business plan is sufficient) (File size limit is 16MB): (Required.)

26. Provide a link to your 3-5 minute product video - a brief video that explains your product and its uses ( Vimeo (e.g. streamed videos) highly preferred. Downloadable video files are often not compatible with our systems): (Required.)

27. What are the 3 key objectives of your company in the Spring/Summer of 2022 (e.g. what sales, product development, regulatory objectives do you wish to achieve by November 2022?) (Required.)

28. What are the key needs that the SCI Accelerate Program can help you address? (with 1 being highest priority) (Required.)