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The Solutions Challenge is an annual competition designed to better align market need, with innovation and early investment to stimulate company formation in novel medical technology. The program researches areas of critical healthcare and market need, then challenges entrepreneurs to create innovative solutions to address them. Selected finalists must convince at least one "Scorpion Pit" investor to provide up to $50,000 in private funding that BioAccel will match in additional financial support. Successful groups then have up to $100,000 in proof-of-concept dollars to advance the technology that addresses the healthcare challenge.