Executive Summary T2MED-BWH collaboration

Medical Entrepreneurship Conference at The Technion
Collaboration with
The Center for Patient Safety Research and Practice
Brigham and Women’s Hospital, Harvard Medical School

Background
In today’s healthcare system, healthcare delivery depends on technology and entrepreneurship just as much as it depends on basic science and clinical insights. Nonetheless, physicians are scarcely trained for such endeavors. Medical students are usually not exposed to other non-clinical disciplines in their universities, and are often trained in different campuses and with limited exposure to the more technological classes. We wish to change this; to support multi-disciplinary collaborations and to encourage entrepreneurship in healthcare.

Description

The medical entrepreneurship conference at the Technion is a first-of-its-kind event in Israel. The conference is organized by students and for students, and is supported by the Technion School of Medicine, Israeli consulate in Boston, and the Brigham and Women’s hospital[1]. It is an event that spreads over the course of three days in which 50 students from different disciplines (medicine, computer science, bio-engineering, electronic engineering, etc.) will collaborate together to create healthcare startups. In broad strokes, the schedule of the event is as follows:

  • Wednesday night: Brainstorming session. Generating ideas, choosing the leading contenders, and dividing the audience into 8-9 teams, each working on a different unmet need.
  • Thursday – Friday: Execution. Working on the business plan & prototype. During this time the teams will also be doing market validation.
  • Friday at noon – closing ceremony where teams will present their elevator-pitch to leading representatives from the industry, academia, and hospitals. 1-2 projects will be chosen as the “best-in-class” by this expert panel and will be provided an infrastructure of support to allow “follow-through”.

Objectives

  1. Foster collaboration across disciplines – between medical students, engineers, physicians, and biomedical industry experts.
  2. Initiating an ecosystem for medical innovation – attracting engineers and entrepreneurs toward Healthcare entrepreneurship, and encouraging physicians to be more innovative.
  3. Empowering participants through entrepreneurship – encourage to aim-high.
  4. Create a strategic collaboration between the Technion School of Medicine and the Brigham and Women’s hospital.

Follow Through

Not all teams will follow through, but our goal is to have 1-2 of the teams still running at 6 months post the event. We will help the teams push forward through our collaboration with the Brigham and Women’s hospital1: representatives of the winning teams will fly to Boston, where they will meet leaders from the academia (i.e. Harvard), industry, and potential investors.

Our goal is to make this an annual event, and hopefully in 2-4 years some of the participants will gather enough experience to mentor the next generation of entrepreneurs.

What We Need

So far we have focused on the content itself, both in Boston and in Israel. We secured mentors for the Technion conference who are leaders in medical innovation in Israel. These are prominent figures in the Israeli healthcare industry and the public healthcare system that are willing to dedicate their time to support the next generation of entrepreneurs. We also arranged the collaborations in Boston, both with the Brigham & Women’s hospital and with the Israeli consulate; we are now finalizing the schedule for the visit of the winning teams (will take place in the end of February).

In order to make all of this happen we need funding for flying and hosting representatives of the winning teams: 3 participants for the 1st team and 2 participants for the 2nd team. The 3rd team is invited to Boston to join the tour, but they do not get funding for this visit. Our estimation is that we need  $7,500 for this to happen (5 people, $1,200 for the flight ticket and $300 for the stay), but any contribution would be helpful.

If you have any further questions, then we would love to elaborate more about the program, our past experience with similar programs in the US, and about the collaborations in Boston.

Thank you,

The Organizing Team

Yuval Barak-Corren

5th year medicine

syuvalba@t2.technion.ac.il

Yishai Zusman

1st year computer-science yishai.zusman@gmail.com


[1] The Center for Patient Safety Research and Practice, Brigham and Women’s Hospital, Harvard Medical School.