#HealthBoundBMZ Innovation Challenge
Partner hospitals will supply clinical needs that are amenable to the innovation challenge. Participants will work in teams to turn their research and technology idea into a product, service, or process that answers one of the unmet needs. Participants will learn how to use a business model to brainstorm each part of an enterprise and customer development. This program will provide teams with real-world, hands-on learning experience with how to successfully transfer knowledge into products and processes that benefit society.
After a Collision Day, consisting of team instruction, networking, and customer discovery, teams will have four months to rapidly develop their business model. During these 4 months, teams will have weekly meetings with advisors to help inform business model and technology development.
Teams will be composed of an Entrepreneurial Lead, Clinician, and Industry Mentor. Startups that apply have the opportunity to bring a physician on board in a founding or advisory role. Alternatively, interested parties can apply individually and form teams on the Collision Day.
The Biomedical Zone is partnering with the following organizations for this initiative, including: Ryerson OVPRI, St Michael’s Hospital, the Canadian Medical Association, NRC-IRAP, OCE, Southlake, Trillium, and William Osler Health System.