BIO Ventures for Global Health (BVGH) Milestone-Based Prize
BVGH proposes a milestone-based prize to promote the development and launch of a point-of-care (POC) diagnostic test for differential diagnosis of fever. This “Global Health Innovation Quotient Prize” will divide product development into successive parts and reward successful completion of each milestones.
Proponents argue that this approach not only incentivizes the private sector, but allows small and medium-sized companies to participate by decreasing the required capital investment while decreasing the risk associated with pursuing global health R&D as well. The prize design would include a target product profile, a milestone structure with its corresponding award amounts, a set number of awards per milestone, an independent evaluation board, and an intellectual property policy component.
Moree, Melinda, Don Joseph, Priya Mehta, Elizabeth Ponder, Nadine Weich, Andrew S. Robertson. "The Global Health Innovation Quotient Prize: A Milestone-Based Prize to Stimulate R&D for Point-of-Care Fever Diagnostics." BIO Ventures for Global Health. Submission 2011. Consultative.
|CEWG - BVGH Milestone Prize for POC Fever Diagnostics - Moree et al.pdf||960.53 KB|