Changes

This will be a challenge designed to counter the typical one-off nature of traditional buisness competions and pitches that focus on how well an idea is presented at one point in time. Wise speakers at NCIIA warned us about the dangers of extoling a singular idea instead of the people or process, and honestly we see that play out when the winners of business competitions are more incentivised to dress-up and idea than propel it forward. In order to shift these expectations, we propose to design a competition that measures the fearlessness and reckless abandon of true entrepreneurs on a mission- the tenacity to start scrappy, shoot high, allow onesself to fail in a productive way, in which they are able to use it experientially to propel themselves further forward; true GRIT! We are experimenting with the idea of shaping the challenge into 1 month segments, starting with a low opperational budget of $10 and incrementally increasing amounts of award money for those able to stay in the rounds. This also teaches an important lesson in establishing credibility for those starting with next to nothing, through incrementally growing steps and quantification of sucess to show to possible investors/supporters. 

*<font size="3">'''Description:''' A short term goal of the UVa Leadership Circle is to host a medical hackathon to get hundreds of students involved in health care entrepreneurship at UVa in a fun, relaxing, and engaging way. The student run organization that will put the hackathon together will be a new student run club called Emerging Medical Technology Ventures or EMTV. The end goal of the hackathon is two fold: 1) recruit young students of different backgrounds and majors to join EMTV and 2) have hackathon participants carry out projects that result from the hackathon. &nbsp;A medical hackathon could serve as the spark for serious undegraduate involvement in healthcare and medical technology innovation. The reason for emphasis on recruiting young students is to help ensure that the UVa community can continually become engaged in medical technology and healthcare innovation for at least 3 years as demonstrated by additional hackathons and successful project grant applications.</font>

*<font size="3">Have at least 3 hackathon projects within 2 years to place in the University of Virginia Entrepreneurship Cup or obtain some sort of competitive funding</font>

*<font size="3">At least one startup formed within 5 years</font>

== <font size="3">Related Links</font> ==