Core Innovation invites early-stage tech companies to apply for the next cohort of our Invention Studio Session!
We are seeking transformative technology solutions that address critical gaps in health care access and delivery. We are particularly interested in working with innovations that empower patients and caregivers, improve care delivery at home, and ensure equitable health care for underserved populations, individuals with disabilities, and those in remote areas.
During this program, participants will gain insights from our experienced team, industry experts and will collaborate with end users, and clinicians to refine their technologies. This approach validates your problem-solution fit, enables scalable solutions, and drives market viability.
Why Apply?
Bringing a health tech innovation to the market is complex. Founders often face challenges like understanding market demand, creating sustainable pricing strategies, and securing funding. This program is designed to help you tackle these hurdles head-on.
- Gain Market Insights and Build a Winning Strategy
We’ll help you assess demand, refine your value proposition, and create a business model that resonates.
- Collaborate with Experts and End Users
You’ll collaborate with seasoned entrepreneurs, clinicians, and end users to ensure your solution meets real-world needs and improves patient outcomes.
- Position Your Technology for Long-Term Success
Our hands-on training will equip you with the tools and strategies you need to optimize care delivery, empower caregivers, and create lasting change in health care.
Who Should Apply?
We’re looking for pre-revenue companies with bold ideas, ready to dedicate time and effort to bringing their innovations to life.
Invention companies are assessed and supported based on the following key factors:
- Market Desirability: Is there a clear demand for the product?
- Technical Feasibility: Can the solution be realistically developed and implemented?
- Business Viability: Is the business sustainable and scalable?
- Team Capacity: Does the team have the skills and resources to succeed?
What Can You Expect?
- Tailored Support to Overcome Challenges: Hands-on support from our team and industry experts for up to 6 months to address barriers like market fit, product validation, and business strategy.
- Access to a Robust Network: Connect with clinicians, end users, and industry experts, including potential partners and investors.
- Essential Tools and Skills: Training in key areas of health tech entrepreneurship to de-risk your business.
- Real-World Feedback: Test your product with clinicians, patients, and caregivers to ensure alignment with user needs.
- Exclusive Resources: Access to essential resources to help navigate the innovation pathway.
- Measurable Growth: A clear roadmap for moving your business forward, from ideation to market readiness.
- Commitment and Accountability: A structured, time-bound program with regular check-ins to ensure progress and keep you on track.
Commitments and Expectations
To maximize the benefits of the Core Innovation Invention Studio Session, participating companies are expected to commit to the following:
- Time commitment: One day per week for the duration of the session
- Active Engagement: Regular participation in meetings, workshops, and mentorship activities is essential.
- Defined Objectives: Establish clear goals and milestones to track progress and align with the support provided.
- Timely Feedback: Your input on resources, connections, and mentorship is crucial for optimizing support.
- Collaboration: Foster open communication and collaboration with mentors, clinical champions, partners, and other cohort members.
- Progress Reporting: Provide regular updates on your company’s development and achievements throughout the program.
Core Innovation operates on a cost-recovery basis. Payment for the services provided through the Invention Studio Program will be in the form of a $100,000 Simple Agreement for Future Equity (SAFE).
Are you ready to transform health care for all ages? Keep an eye out for the upcoming cohort to gain expert mentorship, early validation, and key connections to refine your health care innovation and drive real impact.
For more information about Core Innovation, please visit our webpage.
About the 8-80 Collaborative:
The Core Innovation Team is part of the 8-80 Collaborative, funded by the Government of Canada through FedDev Ontario. This partnership between the CHEO Research Institute and Bruyère Health supports innovators creating impactful health solutions for individuals across all life stages—from infancy to older adulthood.