Lesson 3: Apply the "discipline" of healthcare innovation.
Each journey from defining an unmet need to establishing a thriving HealthTech company is different. But, just as each ascent a mountain climber makes on a new peak is different, the underlying disciplines involved in preparation, planning, implementation and safely exiting are the same and can be learned. The same is true in healthcare innovation. In addition to being able to complete specific tasks (e.g. writing and delivering pitches, etc.) successful entrepreneurs learn the discipline of managing the journey – either from others who have done it successfully (e.g. mentors) or from their own mistakes.
Share Your Insight
Have you learned an important lesson or found a valuable resource along your journey in healthtech innovation? Share it with us and we will add it to our growing resource library.
The journey from identifying and articulating an important unmet medical need to developing an
innovative solution which becomes the standard of care is long and challenging, with most teams
failing somewhere along the way. The odds of successfully navigating the journey significantly
increase if teams have the experience and skills needed to anticipate and address challenges along
the way. However, for most HealthTech innovators, knowing the landscape and pitfalls to plan effectively
only comes from gaining experience through prior successes and/or failures – quite an inefficient process.
We believes that innovation in HealthTech is a learnable process. We have created a roadmap to help
budding entrepreneurs successfully navigate the journey by learning from and building on the experiences
This paper describes the POCTRN and the three currently funded Centers as examples of academic-based
organizations that support collaborations across disciplines, institutions, and geographic regions to
successfully drive innovative solutions from concept to patient care.
Healthcare commercialization programs (HCPs) are described and proposed as an option that institutions
can add to their portfolio to improve translational research. In helping teams translate specifc healthcare
innovations into practice, HCPs expand the skillset of investigators and enhance an institution's innovation
capacity. Lessons learned are shared from configuring and delivering HCPs, which build on the
fundamentals of the National Science Foundation's Innovation Corps program, to address the unique
challenges in supporting healthcare innovations and innovators.