To take advantage of clinicians' ideas to improve healthcare, Boston Children's Hospital created a start-up hub at the hospital in 2016, according to the Harvard Business Review.
The Innovation and Digital Health Accelerator vets ideas from physicians, nurses, researchers and administrators, and matches resources to ideas that outside experts find promising. The in-house incubator works around the busy schedules of hospital workers and allows them to develop their ideas in the same setting in which they would be implemented.
Pairing clinicians with business strategists and entrepreneurial experts is essential to the accelerator's success, as well as a model that quickly workshops ideas and determines their viability. An in-house team of experts familiar with both business development and the healthcare industry serves as the panel for the accelerator.
The team at Boston Children's believes their success can be replicated by other hospitals, but only if they are sure to provide clinicians with the support needed to grow their ideas into feasible projects.
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