Med-Tech Award 2016

The Rhode Island Business Plan Competition is an annual competition sponsored by businesses, professional services firms, investors, banks, nonprofits, foundations, colleges, universities, and government agencies to foster development of start-up and early stage companies in Rhode Island. The Competition is jointly supported by private and public companies, nonprofit organizations, public agencies, universities, colleges, and foundations.

The MedMates Medical Technology Award will recognize a med-tech initiative that demonstrates work towards a solution that will have significant impact on improving and saving lives, while reducing strain on the healthcare system.

  • Entrants will be evaluated in equal parts on their vision, business model, value proposition and competitive differentiation, growth strategy, and technology.
  • Participation is open to anyone, 18 or older, who is either an entrepreneur or aspires to become one.
  • The award will be comprised of cash and in-kind support.

Download Med-Tech Award 2016 PDF packet here »

Sponsorship Opportunities

As 501(c)(3) corporations, the RI Business Plan Competition and MedMates succeed due to the efforts of many volunteers, grants, generous donations, and in-kind contributions that fund prizes and operating expenses. The following support opportunities are available to Med-Tech Award 2016 sponsors.

Support levels may be achieved through direct funding, in-kind services, or a combination of both. All funds donated to the Med-Tech Award 2016 are tax-deductible. Contact us to learn more about funded or in-kind services sponsorship opportunities »









Monetary support of $10,000+

Combination of monetary support up to $9,999 and/or in-kind services totalling:

$15,000 +

$10,000 - $14,999

$5,000 - $9,999

$2,500 - $4,999

Up to $2,500

Press release announcing membership in the Pillar Society

Sponsoring host at a Competition event for first-time Pillars

Tickets to the private reception with the press and the winners following the awards presentation







Member of Competition Advisory Board

Opportunity to display literature at Competition events

Name on Competition website home page

Inclusion in all promotional materials

Organizational bio on Sponsors website page, linked to your website

Invitation to all Competition events

Please make checks payable to: Rhode Island Business Plan Competition, Inc.

Mail to: RI Business Plan Competition / Med-Tech Award 2016, c/o Business Development Company, 40 Westminster St., Suite 702, Providence, RI 02903


The Rhode Island Business Plan Competition hosts a series of free events open to all members of the public leading up to the announcement of winners in May. The purpose is to educate attendees on critical aspects of developing an idea for a new business. All events will be held at Tech Collective, 166 Valley St., Bldg. 3, Providence.View event details »


Oct 15, 2015

Kick-Off of 2016 Competition

Winners of the 2015 competition tell what it took to apply and win.

Nov 4, 2015

WORKSHOP: Med-Tech Development Road-Map

Hands-on advice to orient MedTech entrepreneurs to where they are on the path to commercialization and what’s ahead.

Dec 3, 2015

Rhode Island Elevator Pitch Contest

This highly popular annual event enables participants to present their idea in 90 seconds to a panel of judges and get immediate feedback – and win cash prizes.

Jan 7, 2016

WORKSHOP: Going from Idea to Business

Veteran business developers help attendees learn how to evaluate if their idea can make it as a business.

Jan 20, 2016

WORKSHOP: Med-Tech Startup Law 101

A panel of attorneys will provide attendees with a firm grasp of startup law so they won’t find themselves unprepared or unprotected down the road

Feb 11, 2016

WORKSHOP: Writing Your Business Plan

An experienced entrepreneur-investor explains how to write a business plan that will appeal to investors.

Mar 2, 2016

WORKSHOP: Med-Tech Regulatory Realities

Industry experts will provide an understanding of the history of FDA regulation in the U.S. and an overview of pathways for approval of all medical products.

Mar 10, 2016

WORKSHOP: Presenting a Business Plan

A panel of top business builders and investors provide valuable tips and insights on how to present to investors.

May 2016

Awards Ceremony – Winners Announced

Finalists present to a public audience and the winners are announced.

Success Stories

The Rhode Island Business Plan Competition helps emerging companies grow. Here are few success stories of past winners from the med-tech sector...



NGS Imaging

Developed a scintillator that will increase image resolution and overall detector efficiency of X-ray equipment used to diagnose and screen for disease indicators.

Working on prototype; in discussion with x-ray manufacturers


Nordic Technology Group

Created an intelligent monitoring system that uses 3-D sensing technology to identify and alert caregivers to changes in patient behavior.

Expanded sites, preparing to raise funds



Created a prenatal multivitamin supplement to help reduce birth defects.

Raising 1M in angel financing; selling in CVS, Target, Buy Buy Baby, and Whole Foods



Built a web-based global marketplace to provide information and low-cost products to help save the lives of mothers and newborns.

Named a Global Hot 100 Enterprise; impacted 115,000 lives in 35 countries


ProThera Biologics

Developed inter-alpha inhibitor proteins to treat systemic inflammatory response syndrome and sepsis.

Raised $750,000 from NIH and Slater Technology Fund



Created a proprietary technology to thwart infection relating to medical device use.

Granted two U.S. patents; expanding globally



Creates and manages workplace wellness programs that rely on a peer approach and exercise competitions to motivate behavior change and weight loss.

Raised $14 million; 80+ employees