Healthcare Commercialization Programs: Improving the Efficiency of Translating Healthcare Innovations From Academia...

Area of Science:

• Biomedical innovation
• Translational research
• Healthcare technology commercialization

Background:

• Academic research generates numerous healthcare innovations with potential patient care benefits.
• Translating these innovations into cost-effective products/services is inefficient and inconsistent, especially with limited funding.
• There is a need to improve the translational efficiency of healthcare innovations.

Purpose of the Study:

• To describe and propose Healthcare Commercialization Programs (HCPs) as a method to enhance translational research.
• To demonstrate how HCPs can expand investigator skillsets and institutional innovation capacity.
• To share lessons learned from developing and implementing HCPs for healthcare innovations.

Main Methods:

• HCPs are designed based on the National Science Foundation's Innovation Corps program.
• HCPs are configured and delivered to support healthcare innovations and innovators.
• The approach focuses on addressing unique challenges within healthcare commercialization.

Main Results:

• HCPs expand the skillset of academic investigators.
• HCPs enhance an institution's capacity for innovation.
• Lessons learned from program delivery offer insights into supporting healthcare commercialization.

Conclusions:

• Healthcare Commercialization Programs (HCPs) are a viable strategy for improving translational research.
• Implementing HCPs can accelerate the translation of healthcare innovations into practice.
• HCPs provide a framework for overcoming barriers in healthcare technology commercialization.