Do you have a great idea for health innovation? The Health Ventures program will help you develop the essential entrepreneurial skills to identify opportunities and bring health innovations to market. This unique program will teach you how to assess the feasibility of prototypes, business models, go‐to‐market strategies and methods of fund-raising. You will also learn how to navigate the complexity in the health landscape, with a focus on innovation development, procurement and implementation‐related change management processes.
A wearable device that monitors age-related changes in mobility, to support early detection and prevention of cognitive decline.
A molecule that reduces the progression of pulmonary fibrosis, to improve patient outcomes and lower health system costs associated with autoimmune conditions such as rheumatoid arthritis.
A digital platform that connects caregivers, patients and healthcare professionals, to accelerate communication and continuous monitoring of individuals with chronic heart failure.
*McMaster Undergraduate students interested in earning the Certificate of Professional Learning must consult with their program Academic Advisor before enrolling.
Do you have a great idea for health innovation? A new solution that changes how something is done? A current or future thesis/capstone project that addresses a big problem? An interest in exploring what it means to build innovation? The Health Ventures 1 course will help you develop essential entrepreneurial skills. Whether you are working on a new digital application, device, therapeutic, process, program, or are simply intrigued by how new innovative technologies are created, all are welcome to this learning experience.
Apply the entrepreneurship skills you have developed so far to real-world health problems. Teams will work through four three-week ‘sprints’ to analyze clinical problems, develop solutions, and pitch proposed solutions to a clinical and industry panel. This course highlights disruptive technologies (e.g., artificial intelligence, machine learning, virtual reality) as the solution space of interest as well as business models that require complex change and regulatory processes to become adopted.
Explore a proof of concept, assess feasibility, and validate various aspects of your project, product, or company in the health innovation space. This milestone-based program will help you overcome common pitfalls and accelerate your innovation towards the market. This course includes project- and case-based learning. It uses both inquiry and problem-based learning approaches to introduce you to a broad range of topics relevant to aspiring health innovators.
The health industry is inherently complex and challenging to navigate. Much like a biological system, it cannot be reduced to individual components or ‘agents’: it must be studied as a decentralized system. The response to the COVID-19 pandemic has demonstrated the intricacies of complex adaptive systems and the importance of strategic foresight, scenario planning, problem definition, big data, effective communication, multi-disciplinary teams, and rapid decision-making processes.
Health Innovation Foundations is a four-part workshop that explores the health innovation landscape. You will learn how to think big about your research, apply the basics of intellectual property protection, define investable research and funding sources, and identify entrepreneurial supports in the local community.