Developing the next wave of innovative problem-solving
Hackensack Meridian Health, New Jersey’s most comprehensive and integrated network of healthcare providers, established a $25 million Innovation fund as the first member of the New Jersey Innovation Institute’s Ideation Program for Healthcare. The incubation program was designed to develop and launch the next wave of innovative problem-solving in healthcare technology, products and services.
This “living lab” in STEM education and research will enable Hackensack Meridian Health to leverage the combined skills of entrepreneurs, major corporations, research scientists, students and NJIT faculty to solve problems and accelerate market launch activities within the healthcare industry.
Helen A. Cunning
Vice President, Development – Strategic Campaigns, Hackensack University Medical Center Foundation
Innovation is a core competency of any high-performing enterprise.
‐ Andrew Pecora, M.D., president, Physician Services and chief innovation officer
The first phase is conducting ideation sessions to identify promising concepts to transform the healthcare industry. Hackensack Meridian Health expects that the innovative ideas that prove to be viable marketplace concepts will be moved by inventors into the second phase of innovation, with support of the incubation, development and launch of new healthcare companies and technologies by Hackensack Meridian Health’s own proprietary Hackensack Meridian Health Innovation Center.
This Center, which will be housed at the Seton Hall-Hackensack Meridian Health School of Medicine, will help kick-start companies. The third and final phase will be continued project management housed at the Hackensack Meridian Health network headquarters.
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