5 things to know about CHOP's new VP for entrepreneurship and innovation

The Children's Hospital of Philadelphia has appointed Patrick K. FitzGerald to the newly created position of vice president for entrepreneurship and innovation.

Here are five things to know about Mr. FitzGerald.

1. In his new role, Mr. FitzGerald will look at new opportunities and identify funding channels, lead the hospital's alternative monetization strategies and direct investments in early-stage companies, co-investment vehicles, joint ventures and other partnerships; and coordinate education efforts around such opportunities, according to CHOP.

2. Mr. FitzGerald will oversee multiple projects, including the entrepreneurial Open Canvas program launched at CHOP in 2014 in conjunction with business accelerator DreamIt Philly.

3. Mr. FitzGerald has created or expanded a variety of nationally recognized businesses, including Recyclebank, a company that strives to encourage recycling and environmentally-friendly habits, and Nanny Caddy, a national baby supply vending company. He also launched or expanded Philly Car Share, SeedInvest, Philadelphia Distilling and Brothersport Games.

4. Mr. FitzGerald most recently served as an advisor to CHOP in identifying potential business opportunities in research, technology and clinical and business innovation, the hospital said.

5. Mr. FitzGerald earned a Juris Doctor degree from Fordham University School of Law in New York City and a bachelor's degree from the University of Pennsylvania in Philadelphia.


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