Opportunities

Penn HealthX Medical Student Internship Award

The Penn HealthX Medical Student Internship Award provides University of Pennsylvania medical students with funding to pursue summer opportunities in the fields of healthcare management, entrepreneurship, and technology. The objective of this grant is to to enrich the medical education experience by financially supporting projects that students would not otherwise encounter or be able to fund, for example unpaid or underpaid summer internships at startup companies. Examples of past projects can be found on our projects page. Recipients are eligible for up to $3,000 in funding and recipients of the award will be required to present their work in the fall at the annual HealthX conference.

The deadline for the 2017 cycle has passed. Please check again in the future for the 2018 application cycle.

ELIGIBILITY:

  • Only University of Pennsylvania medical students are eligible to apply.
  • Students applying for an award may not be on the founding team of the startup. Student founders can apply to the Penn HealthX Venture Fund.
  • Students must be able to justify why the internship cannot otherwise be funded or why current funding is insufficient.
  • Students must be interning full time for at least 6 weeks during the summer.
  • Students may not work remotely/virtually.

EVALUATION CRITERIA:

  • Relevance of internship to healthcare management, entrepreneurship, or technology.
  • The degree to which the internship will develop/hone the student’s skills in healthcare management, entrepreneurship, or technology. Preference will be given to students with more independence in their work.
  • Uniqueness of the project compared to the “typical” medical student summer. Preference will be given to students working outside of research labs, but innovative lab-based projects can still receive awards.
  • Student and internship meet all of the eligibility requirements.
  • Review process: Applications are not reviewed on a rolling basis. The selection committee will review all applications after the deadline. Students will be notified if they will or will not receive an award. Students can generally expect to receive an email notification sometime in the two to three weeks following the application deadline.

How To Apply:

  • Applicants are required to submit the following documents:
    • Project description, including student’s role, time commitment, and what the student hopes to gain from the internship (750 words).
    • Explanation of why the student cannot otherwise fund this project or why current funding is insufficient (100 words).
    • Applicant’s resume
    • Confirmation from advisor of student’s participation, funding status, and advisor’s level of involvement (brief email is sufficient).
  • Elligible applicants can apply via the button below.
  • Applications must be submitted by Saturday, April 1, 2017, 11:59 pm.
  • All questions can be sent to pennhealthx@gmail.com

Apply

FAQ:

  • How do I find an internship at a startup?
    • Students can sign up for the Healthx listserv on our website; we will occasionally send out internship opportunities.
    • We encourage you to reach out to past HealthX speakers or awardees for possible opportunities.
  • Does having a paid or unpaid internship increase my chances of receiving an award or the amount I could receive?
    • Students are encouraged to negotiate the highest level of compensation possible from the company, while keeping in mind that startup internships may not offer as much compensation as those at more established companies. Students should not consider this award a substitute for negotiating a salary.

PENN HEALTHX VENTURE FUND

HealthX is excited to offer grants for teams of students who are developing innovative ideas in healthcare. The HealthX Venture Fund is a student run fund that aims to financially support Penn students seeking to fill a need in our healthcare system. This funding takes the form of a grant and not an investment, and so teams will have complete ownership of their idea—no equity or loan is involved. Teams can receive up to $5,000 in funding in order to develop their ideas and applications are accepted on a rolling basis. Past HealthX backed companies include Oncora and Stetho. 

The deadline for the 2017 cycle has passed. Please check again in the future for the 2018 application cycle.

HOW IT WORKS

Written Application

Teams must first complete a written application about their startup. Applications are reviewed on a rolling basis. From this pool of applicants, finalists will be chosen to receive an initial $1,000 to develop their ideas. While we are open to a broad-spectrum of ideas, we will give preference to startups that meet a technology demand gap in the current healthcare landscape. After a period of development, the team will pitch their ideas.

Pitch

When teams are ready, they will pitch their idea to a committee comprising of HealthX board members and advisors. Pitches last for 10 minutes and will be followed by 10 minutes of questions and answers. Teams that successfully pitch their ideas will receive another round of funding for $4,000 to carry forth their ideas.

Funded

Funded teams are expected to update HealthX on their progress and participate in the HealthX conference and other HealthX events. We also ask that start ups acknowledge that they have received funding from HealthX on their company website and other press materials.

Apply

ELIGIBILITY

  • Teams must comprise of 2 to 5 members.
  • At least one member must be a MD or MD joint degree candidate at the Perelman School of Medicine.

EVALUATION CRITERIA

  • Originality and robustness of technology: Proposed products will be assessed on their ability to solve a current problem within the healthcare space and the feasibility of their production.
  • Marketability: Proposed products will be evaluated on their potential to fill a current demand gap in the healthcare space. Companies will be evaluated on how thoroughly they have planned their path to commercialization and accounted for the risk factors they are likely to face.
  • Team composition and strength: Teams will be assessed based on vision, experience, and collective enthusiasm to realize their idea.
  • Relevance to healthcare management, entrepreneurship, or technology: Teams intending to use funds solely for academic research purposes will not be given consideration.
  • Stage of startup development/funding: Consideration will be given to the stage at which the team is in commercializing the product. Teams in earlier stages of development will be given stronger consideration.
  • Team and idea meet all of the eligibility requirements.
  • Review process: Applications are reviewed on a rolling basis. The venture fund committee will review all applications within a 30 days of receiving an application. Teams will be notified if they will or will not receive a grant.

HOW TO APPLY

  • Teams are required to submit the following documents:
    • Written Application
    • Team member’s CVs
  • All questions can be sent to pennhealthx@gmail.com
  • Applications submitted during the summer while board meetings are not in session will be reviewed in the fall.

FAQ

  • What is the difference between this and HealthX Labs?
    • HealthX Labs is an incubator program with a rigid timeline that provides assistance in aspects of start-up creation like team formation and idea generation. In contrast, the HealthX Venture Fund has a rolling application and is open to eligible teams that have already done a substantial amount of work on their idea and are looking for funding.