At Children’s Hospital Colorado’s new Center for Innovation, inventions have the potential to enrich and save lives
Research and innovation are key to reimagining the future of child health. But it takes significant resources to transform an idea into a marketable pediatric health care product that can transform lives. That’s where the new Children’s Hospital Colorado Center for Innovation comes in.
Launched earlier this year at Children’s Colorado, the Center for Innovation is a hub for innovators. It’s a place where creative, entrepreneurial caregivers can turn their ideas into groundbreaking health care innovations -- all with comprehensive support from startup experts and venture specialists.
The team at Children’s Colorado spends every day on the frontlines of pediatric medicine, so it only makes sense that they would have ideas to improve treatment and care. Now, with the help of educational programs and resources at the Center for Innovation, hospital staff have the opportunity to turn their ideas into products and services that will impact children’s lives.
“We’re excited to establish an infrastructure to develop innovations that will transform children’s health in our region and beyond,” said Gil Peri, Chief Strategy Officer at Children’s Colorado.
Whether it’s a medical device, diagnostic tool, digital health technology or safety improvement, Children’s Colorado staff now have a platform for submitting all types of ideas to the Center for Innovation, where they are evaluated for commercial viability. The Center then helps innovators establish a clear path for venture development – from incubation and proof of concept to acceleration and product launch. Guidance on the patent process and intellectual property resources is also available.
Moreover, the Center for Innovation helps to identify funding opportunities and foster industry collaborations, enabling innovators to quickly bring their cutting-edge health care innovations to the frontlines of clinical care with the support of mentors and advisers.
According to Steve Winesett, President and CEO of Children’s Hospital Colorado Foundation, philanthropy is critical to the Center for Innovation’s success.
“When it comes to pediatric medical breakthroughs, time is of the essence,” said Winesett. “By supporting our Innovation Fund, generous donors are giving our innovators the resources to accelerate the pace of discovery like never before. Because the faster we can develop a life-saving product or device, the more children we can help.”