Only one finalist will get the initial investment: up to $20,000 each to develop and locally launch their solution together with the MSD Lebanon team.
Other benefits include:
Support from the local MSD team for co-creating the solution and adaptation to the Lebanese market.
Access and networking with scientific societies, as well as the key Scientific Leaders in Lebanon.
Delivery of business support for business modelling and commercialization in collaboration with external experts.
Support the market rollout leveraging local MSD channels (eg. via professional medical representatives).
Local Social Media channels for Public Relations and solution sharing.
As an added value, the winner will get to know how to interact with a big pharma company, including its culture, company structure and constraints.
Finally, if the local launch is a success, its outcomes will be globally shared within MSD to investigate further implementations and opportunities beyond Lebanon.
Both finalists and winners, will obtain wide visibility and recognition
through the Innovation Factory and MSD dissemination channels
All Intellectual Property rights in the idea or concept presented by any participant, independently of the end results of the initiative, will remain as property of the solver entrant. Each finalist will receive 400€ to cover travel expenses. It is compulsory to physically attend the event to become a winner (no remote presentations).