Fellows run through a dedicated process to allow for the idenfication of business opportunities aligned with the need of stakeholders in medical practice. This outcome-driven process is proven to be successful through a variety of start-ups and innovations generated by programs such as Stanford BioDesign or BioInnovate Ireland.
At the beginning of the fellowship, a four-week workshop introduces the necessary know-how in regard of observations and needs finding, an in-depth training and lectures from the clinical teams and the respective specialities, as well as a general training for teamwork and the goals of the fellowship program. Throughout the overall fellowship duration, fellows get the chance to build up and meet a network of mentors and experts from industry, clinical practice, and academia.
After the kick-off workshop, teams run through a framework for needs-driven innovation, where information for each step of this process is described shortly below. Throughout the fellowship, teams and individual fellows are mentored by experts and specialists.
By employing this process as a constant interaction with the actual healthcare professionals, defined concepts and solutions have a high probability to be aligned with the stakeholder’s requirements and the benefit for the patients, such that a commercialization route is viable.