
The Healthcare field is facing major crises, including the aging of the population, the need to increase access for all to the best standard of care, and societal imperatives to contain healthcare-related costs. Unfortunately, there are many challenges to innovation in this domain, where researchers tend to work in siloed laboratories, without the entrepreneurial acumen and collaborative paradigms needed to implement their ideas.
This article showcases CIMIT, the Consortia for Improving Medicine with Innovation and Technology, a Boston-based cooperation of universities and hospitals (founded by Massachusetts General Hospital, Brigham and Women’s Hospital, MIT, and the Draper Laboratories) whose meticulously constructed suite of integrated methods and processes implements a solution to this difficult state of affairs. Referred to collectively as the CIMIT Model, the methodology described in the article is able to find, fund, and facilitate collaborations across disciplines and geographic regions. These successfully drive innovative solutions to unmet medical needs, from concept to patient care. The model starts with an intimate understanding of the medical needs, identifies collaborators who can work together on these, and provides leadership, facilitation, and resources to guide them through a detailed “innovation cycle” that progresses toward useful, commercially viable outcomes.
The CIMIT model works: as of 2015 it has generated 458 patents, 2,293 peer-reviewed publications, and an investment by CIMIT of US$55 million in 228 solutions, which have received US$1.1 billion in follow-on funding from commercial companies and other entities. Given the model’s effectiveness, CIMIT is now building on its success in the United States to link hubs of medical innovation across the world into a network of consortia to address important regional healthcare imperatives.
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Appeared in the issue: Coller Venture Review — 2016 -3 — Deep Innovation Issue
Coller Institute of Venture at Tel Aviv University 


