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OEI is Holding a New Call for Ideas for the SPROUT Program
In 2015, CHOP strengthened its commitment to innovation development by creating the Office of Entrepreneurship & Innovation (OEI). The vision was to bring business process, product development expertise, and leadership to identify and support the development and commercialization of CHOP research.
The Sprout Program is OEI’s primary means to identify, fund and develop CHOP innovation with the potential to impact pediatric healthcare through commercialization. The OEI Sprout Program and this Call for Ideas; seek CHOP technologies including new drug targets or platforms, therapeutic devices, digital health/software solutions or other projects that have high impact potential and are commercially attractive.
The OEI Sprout Program will pursue projects that meet the following criteria:
- Impact to pediatric healthcare
- Commercial potential
- Ability to develop intellectual property
- Achievable next milestone or exit strategy
- Motivated team
Selected projects may receive funding up to a $50,000 tranche, with potential for additional tranches, and project management support to advance promising technologies to commercial decision points.
All CHOP and Research Institute faculty and staff are encouraged to apply for funding and business support with innovative pediatric-related ideas including:
- Potential new or improved drug therapeutics or platforms
- New medical devices
- Digital health/software solutions
If selected, the OEI team will work with the innovator team and external experts to help create a plan for research and commercialization, including a development strategy, prototype development, engineering and testing, project-level capital investment, formal assessment of commercial potential, IP creation strategy, and related activities to advance the project toward the next commercial decision point.
Applications are now open, and will close on Friday, February 25, 2022 at 11:59 p.m.
To submit an application, visit: https://app.smartsheet.com/b/form/3dcf707888684036a111e1a4c4665303