Green Shoot Healthcare Innovation Program Portal
Bay Area Health Trust maintains a diverse portfolio of independent commercial business interests, and is committed to forming and identifying new opportunities to deliver against its mandate of providing value to its beneficiaries; HHS, HHS Foundation and McMaster.
Bay Area Health Trust collaborates with the Hamilton life sciences ecosystem as part of the Synapse Consortium to develop profitable private sector business opportunities and partnerships.
Bay Area Health Trust thrives in a culture of innovation and encourages its beneficiaries to participate, from clinical staff to administrative personnel. Bay Area Health Trust seeks to foster and invest in this unique environment, resulting in a consistent flow of novel product and/or service ideas and support them with the infrastructure to develop and realize benefits for all parties.
It is with this goal in mind that we are happy to introduce the Bay Area Health Trusts‘ Green Shoot Healthcare Innovation program. The ‘Green Shoot’ program was created as an outlet for innovation in the healthcare space for ideas originating within the HHS employee community.
We welcome all ideas, no matter how big or small, to be submitted to the ‘Green Shoot’ portal, and thank you for your contribution and involvement in supporting innovation in healthcare.
HAVE A GREAT IDEA? YOU’VE COME TO THE RIGHT PLACE.
Hamilton Health Sciences employees can access a suite of resources to become educated about innovation and entrepreneurship, and to refine and develop their innovative ideas.
Bay Area Health Trust’s ‘Green Shoot Healthcare Innovation’ program, in association with our Synapse Life Science Consortium partners will provide access to the resources to support innovators from ideation through launch.
What kind of ideas are we looking for?
While we don’t want to be too prescriptive, healthcare related products and/or services that can be commercialized are an obvious fit. Less so would be ideas that fall into a process improvement or CQI appropriate idea. Same would be true for highly specialized projects that typically fall into existing research administration channels. If you’re not sure, we would be happy to discuss prior to submission.
Broad areas of continued interest would include, but are not limited to products or services that:
- Positively impact the social determinants of health.
- Get patients out of acute care beds faster.
- Reduce the rates of Healthcare Associated Infections (HAI).
INNOVATION AND ENTREPRENEURSHIP EDUCATION
If you’re an innovator or an entrepreneur, Bay Area Health Trust and its consortium partners want to hear from you:
- CONCEPT ASSESSMENT
Submit an idea through our online portal (click next step at the bottom of this page).
Bay Area Health Trust’s Business Development Office will review the idea and determine strategic fit.
Ideas will be evaluated on their ability to meet the following criteria:
- Uniqueness of the idea
- Potential impact on human health
- Feasibility of the idea
- Thoroughness of approach
- Identification of key resources and plan to further idea
- Development
Feedback will be provided, and if the idea is selected, the innovators will have the option to receive development support through Innovation Factory, Bay Area Health Trust, and other Synapse members, as deemed necessary. This includes:
- Business mentors to refine ideas
- Proof-of-concept or prototype development funding assistance to support the best concepts
- Technology development, regulatory, business, investor and legal support.
- CLINICAL VALIDATION (AS NEEDED)
Streamlined clinical testing within the Hamilton Health Sciences clinical infrastructure as availability and necessity permits.
- ACCELERATION
The acceleration process (efficiently developing a product or service for launch), the innovator will work with Innovation Factory. Innovation Factory has strong healthcare innovation experience and a national network of mentors and investors to help give the idea immediate credibility and position it for success.
- COMMERCIALIZATION
Bay Area Health Trust will work with the innovator to determine in what manner further involvement is needed to initiate a successful launch of the product/service.
We welcome all ideas from HHS, no matter how big or small, to be submitted to the ‘Green Shoot’ portal. Thank you for your contribution and involvement in supporting innovation in healthcare.
- LEGAL SPEAK
PLEASE NOTE THAT RECEIPT OF YOUR SUBMISSION DOES NOT OBLIGE BAY AREA HEALTH TRUST TO PROCEED OR OTHERWISE CREATE AN AGREEMENT BETWEEN YOU AND BAY AREA HEALTH TRUST. ANY REVIEW OF YOUR SUBMISSION AT THIS TIME WILL BE MADE ON A CONFIDENTIAL, NON-COMMITTAL BASIS, AND WILL NOT SUPERSEDE CONTRACTUAL AGREEMENTS AND/OR POLICIES THAT MAY EXIST BETWEEN YOU AND ANY THIRD PARTY. IT WILL BE NECESSARY TO DISCLOSE SUCH CONTRACTURAL AGREEMENT(S) AND/OR POLICIES SHOULD THEY EXIST AT A LATER DATE. RECEIPT DOES NOT IMPLY THAT BAY AREA HEALTH TRUST HAS ENTERED INTO AN ASSOCIATION WITH YOU OR THAT BAY AREA HEALTH TRUST ENDORSES YOUR SUBMISSION AND SUCH WILL NOT OCCUR UNTIL BAY AREA HEALTH TRUST AGREES TO SUCH AN ASSOCIATION OR ENDORSEMENT IN WRITING. BAY AREA HEALTH TRUST MAKES NO CLAIMS OF OWNERSHIP; HOWEVER, SHOULD ALL PARTIES AGREE, AND WHEN PERMISSIBLE, A STRATEGIC COLLABORATION AND/OR COMMERCIAL PARTNERSHIP MAY BE ENTERED INTO AT A LATER DATE.
