Three teams from the first cohort of the MaRS Innovation Partnership: Procurement by Co-Design program have been awarded innovation procurement grants, money that will be applied toward the procurement of their solutions.
The pioneers of this innovative approach to procurement worked hard over the last six months. Now, the teams of healthcare service providers, working together with vendors, are moving forward to procure the solutions that they co-designed, piloted and evaluated together.
The grants were awarded after the teams pitched their projects to a panel of expert judges, and in front of an audience of their peers, on July 21. Funding amounts were based on three factors: the magnitude of the transformation on the providers’ operational effectiveness; the progress made in proving the impact of the solution; and the rigour of stakeholder engagement the teams undertook to inform the solution.
After much deliberation, the judges awarded the following grants:
- $10,000 to Markham Stouffville Hospital and VitalHub;
- $15,000 to VHA Home HealthCare and AlayaCare; and
- $25,000 to Trinity Village and VitalHub.
More information on the projects can be found here.
As part of their pitch, each team highlighted the significant moments during their design journey that informed the design of their solution. The teams also shared videos of their end users that illustrated the impact the solutions had on the users’ day-to-day workflow. Finally, to prove the viability of the solution, each team shared the expected return on investment of their solution and the business arrangement between the provider and vendors.
The judges included veteran healthcare executive Tom Closson, procurement expert Sarah Friesen, and Chris Ferguson, the CEO of design firm Bridgeable.
If you are interested in participating in the second cohort of the MaRS Innovation Partnership: Procurement by Co-Design program, which is launching in September, please contact us at [email protected].
Innovation Partnership: Procurement by Co-Design is a partnership between MaRS Discovery District and the Ministry of Government and Consumer Services. This project is funded by the OntarioBuys program.