Advance your venture with the Joule Innovation program
The 2017 grant application process is now closed. Thank you to all applicants for their submissions*
The Joule Innovation grant program provides CMA members with access to physician-led innovation grants — four $25,000 grants and one $50,000 grants.
In addition to funding, grant recipients will benefit from access to mentors and potential investors, recognition from the CMA and Joule as a leader in innovation and exposure to over 85,000 CMA members.
*Applicants will be notified by mid-May if they are selected to proceed to the final stage of the application process, which includes the completion of a written application.
All selected ventures must be led by a CMA-member. Not a CMA member?
All grant recipients have some seed funding in place. There is no minimum value of seed funding required and may include funding from external sources investors, friends, family and self-funding.
(two $25,000 grants available)
This category is open to early-stage initiatives with some seed funding, no or minimal revenue, a credible business model and proven feasibility. Initiatives may include a product, service, technology and other innovation. All social initiatives should be submitted within the 'social innovations' category.
(two grants available: one $50,000 and one $25,000 grant)
This category is reserved for established initiatives that have begun to assemble a team, have some seed funding and are in market with a proven sustainable revenue stream. Initiatives may include a product, service, technology, or other innovation. All social initiatives should be submitted within the 'social innovations' category.
(one $25,000 grant available)
This category is exclusively for an initiative that addresses a societal problem in a more effective, efficient or sustainable manner than the status quo, and for which the value created accrues primarily to healthcare as a whole rather than private individuals or organizations. Initiatives may include a product, service, process, model of care and/or policy. Seed funding must be in place. Social innovations may be in the early or later-stage of their lifecycle.
Evaluation and weighting
Meet our Joule Innovation Council
The council is composed of physician innovators and business leaders that provide guidance in marketing, finance and venture capital, product development and health policy. The council evaluates all grant applications and selects he final recipients.
Meet our 2016 Joule Innovation grant recipients