What is the Residency @ The Clinic?
The Residency @ The Clinic provides early-stage health innovators with a six-month program that helps them validate, build and grow ventures from needs assessment to launch readiness. Most Residency participants build their experience on an innovation emerging from a research lab, scholarly setting or clinical environment. By the conclusion of the Residency, program participants will be equipped to bring their ventures to developmental milestones such as entrepreneurial accelerators and pitch competitions.
Applications are now open for our Fall Residency intake.
Residency Breakdown – Program Elements
- 4 sessions
- Peer-to-peer and expert-facilitated sessions focused on core competencies for early-stage entrepreneurship including:
- Market needs assessment and problem identification
- Solution validation and minimum viable product development
- Regulatory and intellectual property issues
- Collaboration and funding
- 1-2 meetings per month
- Work with a dedicated startup coach
- Tracking progress and address specific challenges as they arise
- 2 sessions
- Residency startups pitch their ventures to a panel of experts to receive practical, actionable feedback
- Culminating Residency task
- Final pitch competition to the Residency and broader Clinic community, including a judging panel of entrepreneurial experts
- Teams compete for cash prizes and in-kind consultation hours designed to advance their venture
- Participants in the Residency @ The Clinic can now access Mitacs Accelerate Entrepreneur funds $15,000 four-month internships which help undergraduates, graduates, and postdoctoral fellows get their startup companies to market faster. More information on the Mitacs Accelerate Entrepreneur program is available here.
Residency Components
Mentorship and Coaching
Collision Space Access
Collaborative Cohort
$5,000 Final Pitch Competition
Information Box Group
Expectations
- Participants must enter the program with an existing idea.
- Pre-readings (videos, articles, and case studies) must be completed before each session.
- Participants should be prepared for additional ‘homework’ between sessions.
- Pitch decks will be revised weekly in preparation for the final presentation.
Who should apply?
Any researcher, clinician, student or entrepreneur who is developing a health or biomedical innovation is eligible to participate in the Residency. Applicants (or at least one applicant on a team) must be affiliated with McMaster University and be able to attend in-person program requirements while committing a minimum of 8 hours per month to the program.
Application Process Apply Now
Applicants displaying an appropriate level of commitment and with a suitable innovation for development will be invited to participate in an interview with staff from The Clinic. The interview will determine acceptance into the Residency.
Testimonials
Watch how the Residency @ The Clinic helped move Lianna Genovese’s health innovation forward.