Apply to be a Biodesign Founder

Apply to be a Biodesign Founder

Biodesign

TMC Biodesign is recruiting founders to join the program.

Applications open here until April 30. The program will start in August 2021.


 

About TMC Biodesign:

TMC Biodesign is a full-time, paid program for aspiring entrepreneurs that brings together talented post-grad individuals from various backgrounds — including medicine, engineering, business, computer science, design, and research — to create solutions for healthcare’s greatest unmet needs. Founders are mentored through a proven development process that encompasses both product and business life cycles. With full immersion in the clinical experience, founders gain the fundamentals necessary to transform ideas into products, and products into new startup companies. Founders are based at TMC Innovation, an integrated community of healthcare startups in various stages of growth and corporate partners supporting innovation.

The program consists of 3 phases:

 

Phase 1

During the first few months, founders spend their time in the clinical setting building a database of unmet clinical needs through shadowing, observing procedures, and interviewing clinicians and hospital administrators.  The first phase is completed once the founders are able to down select and prioritize their collective interests in a few unmet needs.

 

Phase 2

The next phase requires the founders to ideate solutions that address their top unmet need and to perform the necessary diligence to assess the potential business opportunity.

 

Phase 3

The final phase requires the founders to build a sustainable company leveraging the expertise and mentorship provided by the TMC Innovation community, the program curriculum materials, and the provided seed funding.  At the end of this program, the Biodesign companies are expected to reach the level of self-sustainability through external funding mechanisms.


The team makeup consists of a business, clinical, and technical lead. These individuals can represent a variety of backgrounds for instance:

 

Clinical Lead: established or in-training physicians, nurses, pharmacists, or others whose experience includes patient management

 

Business Lead: serial entrepreneur (does not necessarily have to be in the life sciences space), leader in previous startup(s), or industry experienced individual with business education

 

Technical Lead: software developer, engineer (from a variety of disciplines), or research scientist


 

Who should apply?

  • Diverse entrepreneurial thinkers who have the drive to create change but require the financial and professional support to catapult their ideas from a concept to a company.
  • Collaborative problem solvers interested in evaluating the various unmet health challenges in our society –especially for those citizens in underserved populations.
  • Current/former clinicians, researchers, engineers, or software developers, and those who are excited to build and own a startup company to reinvent the future of healthcare.
  • This is not an academic exercise, so ideal candidates should be prepared to commit the next 3-5 years to driving their Biodesign startup to the next level!

 

Successful applicants will be placed into one of two tracks: Digital Health or Medical Device, based on their desired preference. Biodesign founders are placed alongside two other individuals selected by TMC at the start of the program, so applicants must possess patience, the ability to operate with flexibility and an open-mind, and the personality capable of contributing towards positive team dynamics under stress.

KEY SELECTION AND SUCCESS FACTORS (CLINICAL)

 

Required Education/Qualifications:

 

  • Advanced degree and/or certification in patient care (MD/DO/RN/NP/PA, etc.)
  • Excellent communication, organization, and interpersonal skills
  • Sees projects through to completion with the ability to meet deadlines
  • Adept in taking direction and actively soliciting feedback
  • Ideal candidates will exhibit the following qualities:
    • Inquisitive and creative mind
    • Independent thinking and data-driven decision making
    • Enthusiasm and energy
    • Thrives on complex challenges
    • Intellectual agility
    • Team mentality

 

 

Preferred Qualifications:

 

  • MD/DO founder, or other clinical provider with 2+ years of clinical experience
  • Experience in entrepreneurship, specifically early-stage start-ups
  • Strong interest in becoming a leading innovator and founder of a health tech start up
    • Seeking applicants committed to switching vocations to an entrepreneurial path
  • Intellectual curiosity and drive to change the current care delivery paradigm

KEY SELECTION AND SUCCESS FACTORS (TECHNICAL)

 

Required Education/Qualifications:

 

  • Bachelor’s degree in computer science, engineering, or similar relevant field
  • 2+ years of technical experience, can be substituted with post-baccalaureate education
  • Excellent communication, organization, and interpersonal skills
  • Sees projects through to completion with the ability to meet deadlines
  • Adept in taking direction and actively soliciting feedback
  • Ideal candidates will exhibit the following qualities:
    • Inquisitive and creative mind
    • Independent thinking and data-driven decision making
    • Enthusiasm and energy
    • Thrives on complex challenges
    • Intellectual agility
    • Team mentality

 

Preferred Qualifications:

 

  • Master’s degree or Ph.D in computer science, engineering, or relevant field
  • Experience in product development or design of a software platform, mobile app, or medical device
  • Experience in entrepreneurship, specifically early-stage start-ups
  • Knowledge of intellectual property and venture processes is a plus
  • Knowledge of regulatory and reimbursement strategies is a plus
  • Strong interest in becoming a leading innovator and founder of a health tech start up
    • Seeking applicants committed to switching vocations to an entrepreneurial path
  • Intellectual curiosity and drive to change the current care delivery paradigm

KEY SELECTION AND SUCCESS FACTORS (BUSINESS)

 

Required Education/Qualifications:

 

  • Bachelor’s Degree in Business or similar relevant field
  • 2+ years of experience, can be substituted with post-baccalaureate education
  • Excellent communication, organization, and interpersonal skills
  • Sees projects through to completion with the ability to meet deadlines
  • Adept in taking direction and actively soliciting feedback
  • Ideal candidates will exhibit the following qualities:
    • Inquisitive and creative mind
    • Independent thinking and data-driven decision making
    • Enthusiasm and energy
    • Thrives on complex challenges
    • Intellectual agility
    • Team mentality

 

 

Preferred Qualifications:

 

  • MBA with healthcare focus
  • Knowledge of hospital processes and health systems
  • Experience in entrepreneurship, specifically start-ups
  • Knowledge of intellectual property and venture processes is a plus
  • Knowledge of reimbursement and go to market strategies is a plus
  • Strong interest in becoming a leading innovator and founder of a health tech start up
    • Seeking applicants committed to switching vocations to an entrepreneurial path
  • Intellectual curiosity and drive to change the current care delivery paradigm.

Ready To Reimagine The Health Care Industry?