BUILDING A SUCCESSFUL INNOVATION PLATFORM FOR AFFORDABLE MEDICAL TECHNOLOGY IN LOW RESOURCE SETTINGS
RAMAKRISHNA PAPPU1 and JAGDISH CHATURVEDI2
1Business Associate, InnAccel, 5th Floor, Aanand Towers,
Municipal No. 4, Rajaram Mohan Roy Road, Ward No. 77, Sampangiramanagar, Bangalore-560025, India
2Director Clinical Innovations, InnAccel, 5th Floor, Aanand Towers, Municipal No. 4, Rajaram Mohan Roy Road, Ward No. 77, Sampangiramanagar, Bangalore-560025, India
The chapter emphasizes the need for an innovation platform for successful accomplishments and taking the example of healthcare innovations, explores the different facets that need to be brought together to create an innovation platform in the Medical Technology space and its use today to enable affordable medical technology in low resource settings.
The authors use various case studies of innovation platforms accessible to healthcare innovators and highlight the thought process behind developing such platforms (Stanford Biodesign, John’s Hopkins innovation platform, CAMtech innovation platform, InnAccel acceleration program, Government run incubation programs, etc.).
The chapter details a stage-wise process that begins with the identification of gaps in the ecosystem through feasibility studies to setting up a physical Medical Technology innovation platform. Further, the authors highlight the need for incorporation of structured processes for needs identification and product development embedded within innovation platforms. An overview of how this is being used today in different settings are described.