Assessing the viability of potential monetization strategies for the NS Health Innovation Hub’s test and try program.

This project is aimed at assisting the NS Health Innovation Hub (hereinafter referred to as the Hub) in the delivery of its mandate to “solve critical health challenges for the benefit of all Nova Scotians. One way the Hub delivers on this mandate is through what it calls the ‘test & try portfolio’ – an organizational function through which external partners/technologies are trialed in a controlled setting within NS Health operations. The activity of the test & try portfolio is a critical step in both de-risking external health-tech innovation and in triaging suitable partners to the most pressing clinical challenges within NS Health. While the Hub produces (and/or sources) the majority of funding to run projects through the test & try portfolio, partner organizations also receive material benefit with very little cost of participation. Despite the clear value created for its partner organizations, the Hub does not currently have a mechanism for recovering the portfolio’s cost to operate. The aim of this project is to better understand the commercial value of the Hub’s test & try portfolio and to vet potential pathways to monetize its activities. If a viable new revenue stream can be identified, this would allow the Hub to (1) recoup a greater return of dollars invested into the program, and (2) re-invest earned dollars back into the speed and scale of the test & try portfolio.

Faculty Supervisor:

David Roach

Student:

Partner:

Nova Scotia Health

Discipline:

Business

Sector:

Health and Related Sciences & Technology; Professional, scientific and technical services; Public administration

University:

Dalhousie University

Program: