Who is involved?
Dr Javad Parvizi has created a 2900 sqft incubator in downtown Philadelphia, and he has invited a premier network of thirty surgeon investors across the globe, to innovate in orthopaedics. Management of PSI consists of legal, business, and orthopaedic focused personnel. All surgeon investors contribute their energies, resources, and thought leadership on a monthly basis. If you would like to learn more of who is involved please write to firstname.lastname@example.org
What is the objective?
PSI aims to bring new innovations to the orthopaedic market. Surgeon only investors and innovators drive projects of their own or facilitate those of the group. Established businesses can join to innovate with PSI focusing efforts on early market use and market share. Earlier stage ideas can be brought into the incubator with substantial funding to leverage the facility, mentorship, and innovative and scientific feedback to make progress. Other businesses may only need funding and the group is prepared to invest as a group or to open up opportunities to the network of innovative surgeons for personal investment.
Why are we doing this?
Historically orthopaedics was highly innovative. In the 90's and early 00's most innovations went directly to larger implant companies to be explored and pursued with relatively light engagement from surgeons directly. We have seen this avenue fail in recent years and hence the number of compelling innovations dwindle. In order for surgeons to get proper compensation and leverage their knowledge base something needed to be done. PSI is that something with a surgeon only limited partnership innovation fund, a facility and thought leadership to drive market leaders, scientific discovery, and necessary dollars to take new innovations to market.
What is the Difference between Innovate, Incubate, and Invest?
Answer to question 3
What Can I expect if I join to innovate with psi?
What can i expect if i join to incubate with psi?
What can I expect if I join to get funding from psi?