Who does the Invention stream support?
The Invention stream supports clinical inventors and early-stage companies from the idea stage and challenge identification through to prototyping and beta testing. We help founders build a business case for their health care solution and identify clinical champions to transition the company to the next stage.
Invention companies are evaluated and supported based on the following criteria:
- Desirability for the product in the market
- Feasibility of building this solution
- Viability of business
- Capacity of the team
How is the Invention stream structured?
Once accepted into the Invention stream, companies are placed in one of two groups, depending on the level of support desired.
Group 1: Fast Track
Companies will receive 15 hours per month of dedicated support over six months, with ongoing support extending up to one year to kickstart your company
Areas of Support: One-on-one sessions are tailored to the needs of the company but may include:
- Product development and prototyping support
- Early business development and market analysis
- Identification of value proposition and refining of business model
- Creation of a basic “Pitch Deck” and “Due Diligence Room” for investors, customers and partners
- Strategic meetings with potential clinical champions to validate and test your technology
- Access to monthly expert seminars on topics like raising money, hiring talent and planning for hospital privacy and security requirements
Group 2: Core Support
Companies receive five hours per month of support for six months, with ongoing support for up to one year.
Resources: Additional resources companies can take advantage of during these sessions may include:
- Ecosystem Connector: Connect with clinical champions and explore grant and investment opportunities.
- Business Development Plan: Tailor a business development plan specific to the life sciences sector, outlining critical milestones.
- Online Resources for Foundation Building: Use our comprehensive suite of online resources for foundational company building, including a data room template for investment, incorporation and IP ownership guidelines, and pitch opportunities/investor connections.
If you have an innovative idea or question about Core Innovation please contact us. We’re always looking to learn about and collaborate on new ideas to drive forward health care innovation.
Reach out to us at [email protected].