The Mid-Atlantic Hub will offer an I-Corps cohort for “therapeutics-related” researchers and technologies from June 14 -July 12, 2024. The training and guidance in this cohort will be specifically tailored to the needs of researchers planning to serve the complex ecosystems surrounding therapeutic innovation. Dates:
- Friday. June 14, 8:30-11:30 a.m.
- Friday, June 28, 8:30-11:30 a.m.
- Friday, July 12, 8:30-11:30 a.m.
Researchers working on a technology related to new drug discovery, development, delivery, or treatment are encouraged to apply. Typical technologies include new drug ingredient/compound/formulations; drug delivery methods, and combination device-drug treatments. Solutions used in research and development and/or therapeutic production are also eligible. These include software and/or hardware tools, in vitro and in vivo assays, etc. Companion diagnostics (paired with existing therapies) also qualify.
The common link across all cohort teams will be gaining an understanding of the therapeutic industry ecosystem. All technology teams will use customer discovery to identify customer needs in therapeutic development, production, and delivery. This will also include identifying common business development pathways for servicing the pharma industry and bringing a therapeutic to market.
Adoption of clinical solutions used in the care environment, as well as research solutions used in research, development, or production of therapeutics, involves complex decision-making, including multiple stakeholders and buy-in across multiple organizations. The distinction between customers, partners, and other influencers is often nuanced and highly fluid. In addition, the capital investment needs often require larger, earlier-stage investments–both non-dilutive (e.g., NSF or NIH SBIR) and venture capital. The primary purpose of the customer discovery process will be to uncover these complexities and provide a roadmap for validation of the business model approach.
We can all agree that better treatments should lead to better patient outcomes. It's critical to first uncover, however, whether care providers will prioritize improvements to their care plan over their current treatment approaches. Key questions to uncover during customer discovery include: how much better would new approaches need to be–and in what specific, measurable ways–prior to being purchased and implemented at scale? How can you assess likely adoption PRIOR to acquiring clinical data? How and when do you engage with potential development partners? And, finally, what other ecosystem obstacles might derail your business even if you have a better approach?
Understanding regulation and reimbursement pathways in drug discovery is foundational to bringing a solution to market. In this course we will use your preliminary understanding of regulations and reimbursement to define the scope of customer discovery. We will also include additional information on these important aspects of your business model validation. The primary purpose of your interviews in the course will be to understand the research and clinical needs of your solution.