Penn HealthX’s Post

Turning biomedical innovation into real-world products is no walk in the park. Our team was fortunate to be part of the first cohort of the London Institute for Healthcare Engineering (LIHE) MedTech Accelerator Programme. This is a unique initiative designed to transform research innovations into viable healthcare ventures. This program provides an excellent opportunity for researchers and innovators to refine their ideas and navigate the challenges of developing and translating medical technologies, supported by co-located facilities and resources next to St Thomas’ Hospital. The program provided us with the tools, excellent mentoring, and insights needed to take the next steps in our journey of bringing optical techniques to the patient bedside for early cancer detection. Massive thanks the team who made this experience possible: Antoinette C., Nicolas Huber, Tony Kypreos, and Valentina Vitiello

How Students and Postdocs Can Choose and Contribute to Meaningful Research Projects ? Choosing the right research problem can be challenging, especially for students and postdocs. To make the right choice, stay informed about existing knowledge and the expanding frontiers of your field by attending conferences and reading the latest literature. Collaborate with your Principal Investigator (#PI) and team to understand the broader #vision and #research type that fits with the team's goals. Identify common areas of interest and leverage available resources to push the boundaries of your project. Embrace both funded and unfunded projects, as not all projects come with funding upfront. Funded research projects have clear guidelines and goals, while unfunded research projects are driven by curiosity and research interests but lack immediate funding. Pursuing both types of projects gives you the best of both worlds, working on guaranteed outcomes while pushing the envelope with novel ideas. Continuously test new ideas, conduct experiments, and refine your findings to contribute to the long-term development of your field. Leverage collaborations and capabilities, such as collaborating with other #researchers and #teams, and tap into experimental and computational resources. In the USA, general funding for projects comes from diverse sources: Government Grants like #SBIR/#STTR programs by #NSF, #USDA, and #DoE support innovation and research. Private Sector Funding includes venture capital firms, corporate partnerships, and accelerators like Techstars and Y Combinator. Loans and Incentives are available through #SBA (Small Business Administration) and green energy initiatives. Research Institutions and universities offer grants for R&D collaborations. Crowdfunding Platforms (#Kickstarter, #GoFundMe) . In India, funding for projects is available through multiple avenues: Government Grants like Startup India Seed Fund, #DST (Department of Science & Technology) grants, and #MSME schemes support innovation and entrepreneurship. Corporate Funding includes #CSR initiatives, partnerships, and accelerators like nasscom 10,000 Startups and Indian Institute of Technology, Madras Incubation Cell. Venture Capital & Angel Investors such as Sequoia India, Accel, and Indian Angel Network provide equity funding. Bank Loans & Credit Schemes from #SIDBI and state-run banks support SMEs and projects. Research Grants from institutions like #DRDO, #ISRO, and #CSIR enable technological R&D. Crowdfunding platforms like Ketto and Milaap also help finance impactful projects. #ResearchDevelopment #AcademicGrowth #PostdocResearch #StudentResearch #ResearchCollaboration #InnovativeResearch #FundedResearch #UnfundedResearch #ResearchImpact #ScientificCuriosity #ResearchExploration #PICollaboration #AcademicCareer #STEMCareers #ResearchInnovation #AcademicExcellence #ContinuousLearning #ResearchCommunity #CollaborativeResearch #ScienceAdvancement

Academics possess qualities that can make them successful startup founders, such as deep expertise in niche areas, access to cutting-edge research, credibility and trust, and a passion for solving big problems. However, to succeed, academic entrepreneurs need essential resources and support from the surrounding ecosystem. The right ecosystem provides the critical backing, resources, and opportunities necessary for their ventures to flourish. Key elements of this ecosystem include: -Government grants and startup funding -Venture capital and angel investors -Pre-seed university funds and incubators -Access to university resources -Partnerships with established companies -Supportive regulations and policies -Startup-friendly legal frameworks -Collaboration with graduate and undergraduate students -Early customer access opportunities -Sandboxes or test beds -Partnerships with governments and large institutions -Strong ecosystem connections -Government incentives -Visibility within the startup ecosystem -Platforms for showcasing innovation ...more to add..please feel free to add.. It's time to focus on fostering more academic entrepreneurs within this ecosystem, building connections that bridge ideas and opportunities. #startup #university #academics #funding #innovation #selfassessment

Friends & Followers -- Happy New Year! We wish to kick off 2025 with an information session on the Resnick Prize. On Tuesday, January 14, 12-12:30pm ET you are invited to attend a Zoom meeting to learn about the Susan and Gene D. Resnick ’70, MD ’74 Prize for Excellence in Entrepreneurship (“Resnick Prize”).  The Resnick Prize is an annual, Cornell University-wide competition that provides funding to startups with an active, intercampus collaboration involving Weill Cornell NYC and another campus in Ithaca, New York, or Qatar.  Startups initiated on the Weill Cornell, Ithaca, Cornell Tech, or Qatar campuses are eligible to apply as long as the startup has a license to Cornell-owned technology that touches Weill Cornell Medicine through either a research or clinical collaboration. We are seeking exciting collaborations where teams can work together on a technology that will be commercialized via a startup. The winning company will receive up to $10,000 in prize money. The Resnick Prize seeks to fund projects in all sectors (therapeutics, devices, digital health, research & AI tools, etc) impacting healthcare and patient outcomes. Teams must have incorporated their company to be eligible for the award.     Please RSVP to learn more about the application process and eligibility. https://lnkd.in/eY9Tm-g9 #innovation, #deepscience, #healthcare, #entrepreneurship, #nondilutivefunding

Turning an original idea into a tangible medical device or health technology solution requires seed funding. In fact, the seed funding enables individuals and small firms to prove concept feasibility, build and test a prototype, and refine the prototype into a minimum viable product (MVP). Attached is a 2-minute read illustrating how a direct $2M National Science Foundation (NSF) Small Business Innovation Research (SBIR) program investment helps U.S.- based first-time entrepreneurs, solo entrepreneurs, startups, and small emerging firms turn their original idea into a tangible medical device or health technology solution. By starting today, individuals and small firms can acquire the initial seed funding round, $305K, in 2025.  Contact Mr. Darrell Williams today, at Dwilliams@eighteenventures.com, and learn how to start acquiring NSF SBIR seed funding. Eighteen Ventures is Portland, ME-based independent, private consulting firm. Our services include preparing startup business models and NSF SBIR proposal funding documents. #NSFSBIR, #SeedFunding, #Innovation, #Proposaldevelopment, #Healthcare, #Medical #MedTech

Public-private partnerships (P3s) between universities and property developers could reshape the future of #LifeScience #startups. Despite the challenges in navigating these partnerships, the benefits outweigh the difficulties. What stands out most to me is the potential for sustainable sector growth and the opportunity to attract students to a field they may not have considered beforehand. What's your take? #STEMStudents #P3Projects #FutureOfLifeSciences

🎓 Empowering India’s Student Entrepreneurs: A Journey Beyond Education 🚀 The recent GUESSS India 2023 report highlighted a powerful insight: while there’s strong entrepreneurial interest among students, actual engagement and venture success lag. With only 4.8% of students actively running a business, we see an urgent need for structured, accessible support to turn ideas into sustainable ventures. We, at Viksit Bharat - Startups & Innovation Mission, believe in bridging this gap by enabling all students to explore entrepreneurship hands-on. Imagine an ecosystem where: 🌟Capstone projects turn into business plans and then into real ventures 🌟Entrepreneurial Trait Assessments help identify future innovators and build their strengths 🌟Students benefit from mentorship and resources across our AI-driven platform Together, let’s support every college and university in India to become a hub for student-led innovation and entrepreneurship. If you’re an institution ready to foster a dynamic entrepreneurial culture, let’s connect! 🌐 📩 Email info@simsy.io to bring Simsy - Startups & Innovation Platform's entrepreneurial solutions to your campus and support the next generation of job creators. Download the GUESS Survey report here: https://lnkd.in/gVYSJi2P 🎥 Watch the Entrepreneurial Traits Assessment promo videos on YouTube: https://lnkd.in/gQcnaSRr https://lnkd.in/gcH3fdvR https://lnkd.in/gdn-qbxj Simsy Ventures Simsy - Startups & Innovation Platform #viksitbharat #innovation #startupindia #entrepreneurship #highereducation #india

Attention Cornell Life Sciences Innovators! Do you want to win $10,000 for your startup? Join us for an information session about the Susan and Gene D. Resnick '70, MD '74 Prize for Excellence in Entrepreneurship (the "Resnick Prize") hosted by BioVenture eLab, a part of Weill Cornell Medicine Enterprise Innovation. When: Tuesday, January 14, 12:00–12:30pm ET Where: Online (RSVP to receive details) The Resnick Prize is a prestigious, Cornell-wide competition that awards funding to startups with active, intercampus collaborations involving Weill Cornell NYC and another Cornell campus (Ithaca, Cornell Tech, or Qatar). Eligible teams must have a license to Cornell-owned technology that touches Weill Cornell Medicine via a research or clinical collaboration. The Resnick Prize seeks to support innovative projects across all life sciences sectors, including therapeutics, devices, digital health, AI tools, and more, that will impact healthcare and patient outcomes. Up to $10,000 in prize money will be awarded to the winning team. Your startup must be incorporated to receive the prize money. RSVP today to learn more about the application and selection process: https://lnkd.in/eY9Tm-g9 #Innovation #DeepScience #Healthcare #Entrepreneurship #NonDilutiveFunding #LifeSciences

Forthcoming startup entrepreneurship bootcamp topics: Lean Launch, Financial, Legal, Pitch Prep. Resources: Regulatory Consulting and Advising, Venture Capital Expert Consulting and Advising, Legal Advice for Startups (pro bono). Learn more on Tuesday, Oct 8th!

🚀 Bridging the Gap in Student Entrepreneurship with Simsy platform 🚀 The GUESSS 2023 report highlights an exciting trend: there’s high entrepreneurial ambition among students, yet only a fraction actively pursue their business ventures. For colleges looking to transform ambitions into action, the solution lies in providing integrated entrepreneurial support directly on campus. At Simsy - Startups & Innovation Platform, we empower institutions to foster true entrepreneurial ecosystems by: 🌟Enabling all students, not just a few, to identify their entrepreneurial potential with our Entrepreneurial Traits Assessment 🌟Offering a platform where students can register their capstone projects as potential ventures, developing business plans and even piloting ideas within academic spaces 🌟Creating a seamless pathway for universities to become innovation-driven campuses, where every student is equipped with entrepreneurial skills and insights Imagine an environment where all students are encouraged to ideate, innovate, and implement—transforming one's future, one venture at a time. Ready to join the movement? 📩Get in touch with us at info@simsy.io to bring Simsy.io to your institution! 🎥 Watch the Entrepreneurial Traits Assessment promo videos on YouTube: https://lnkd.in/gQcnaSRr https://lnkd.in/gcH3fdvR https://lnkd.in/gdn-qbxj Download the GUESS survey report here: https://lnkd.in/gYxE535s Simsy Ventures| Viksit Bharat - Startups & Innovation Mission| Satish Kumar | Sharath Narayana| Madhu M | Arthur Mark | Mohaned Tagalasfia | Aditya Malur | Sreedhar Truly | Meenakshi Velip | Arjun Nadlumane | Jayatheerth P Z | Ish Anand | Shiwam Rai | Kaushank Khandwala | Prabhakar Naidu | Edgar D. Furtado - MIT LCA- AI-Sustainable Innovation | Vidya S. Sridhar Rangan #entrepreneurship #innovation #highereducation #partnership #startup