Home / What We Do / Our Process / Idea Generation
 
 
 
 
 
 
 
 
 
 
 
 
Idea Generation

The Foundry’s projects originate from a variety of sources including internal research, outside inventors, and university collaborations. We actively seek novel ideas that address major unmet clinical needs and form functional collaborations with physicians, scientists, and other innovators to bring technologies through the development process and to commercial success. Historically, half of The Foundry’s companies have come from outside inventors. Our process includes rigorous analysis and development to insure technical, clinical and commercial feasibility resulting in the most powerful solutions being funded as stand alone companies. The following scenarios emphasize a Foundry/Inventor partnership, but the steps taken towards company founding and development are similar, regardless of origin.

 
   
  In-House Research
The Foundry Team identifies promising and underserved clinical areas, studies the commercial, clinical, and technical dynamics of the field, and conducts targeted brainstorming and technology research in these areas. If a truly breakthrough solution is identified for a significant clinical problem, the process of company generation begins.

Outside Inventors
The next major medical breakthrough can come from anyone — clinicians, nurses, scientists, engineers, or patients. But not everyone has the time or resources to turn those ideas into reality. For those creative individuals, The Foundry provides the
necessary experience, team, contact network, financing, and facilities to successfully cultivate these ideas and bring them to market.

Idea Submission
We actively seek novel ideas and form functional collaborations with physicians, scientists, engineers and other innovators to bring technology through development process and to commercial success. Our
Project Selection Process includes rigorous analysis to ensure technical, clinical, and commercial feasibility resulting in the most powerful solutions being funded as stand alone companies.

Submitting Your Own Idea
It is critical for inventors to protect their inventions by documenting them in detail before sharing them with others, including us. Protecting your ideas by filing a patent may be advisable. To learn more about filing a patent, go to the United States Patent Office (USPTO) website at
www.uspto.gov and seek the counsel of an experienced patent attorney.

Although it is optimal to file a patent, there are other ways to document inventions, including preparing a detailed Invention Disclosure.

An Invention Disclosure typically contains:
– any variations of the idea
– the most likely way to build or formulate the invention
– likely material(s)
– anything that is known about the concept

Any inventor(s) should sign and date the Invention Disclosure, and then have a witness (not a co-inventor) read and countersign the disclosure. Once your ideas are completely documented and you decide you would like to share them with The Foundry, contact us by phone or email with a non-confidential description of your idea or technology and your contact information. Our team will respond to answer any question and take the next steps toward collaboration. Initial conversations may be general and non-confidential. A Confidentiality Agreement may be signed before discussing proprietary details.
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