– Thomas J. Fogarty, MD, Founder, FII
About Fogarty Institute for InnovationInnovation is the lifeblood of medical advancement and the key to raising the bar for patient care. Yet the traditional process for medical innovation in the US is fraught with obstacles that hinder development of new ideas, including:
- Skyrocketing costs
- Complicated regulations and bureaucracy
- Inertia in the academic environment
- Lack of mentorship
- Difficulty obtaining financing
- Pressure to go offshore
Dr. Fogarty ascribes to the simple philosophy that "there has to be a better way." In addition to spurring his success as an innovator, this belief also inspired him to transform the very process for bringing ideas to fruition through the creation of the Fogarty Institute for Innovation. Here at the Fogarty Institute for Innovation, we build upon Dr. Fogarty’s experience to provide a streamlined path for entrepreneurial innovators working on promising new medical therapies. We offer mentorship at every step of the process, providing access to expert intellectual, physical, and financial resources to propel medical concepts from initiation to application.
The Institute offers three distinct programs, (Innovation/Cultivation, Clinical Research/Validation, and Outreach/Education including our Fellowship program) each representing a different aspect of medical technology innovation. We provide vital support in each area, so new ideas can be realized to improve patient care for all.
Located on the campus of El Camino Hospital, the Fogarty Institute for Innovation includes laboratory and engineering space where physicians and engineers collaborate. The Institute also has conference rooms, teleconferencing capability and offices for the physicians, engineers and support staff.
Our presence on the El Camino Hospital campus facilitates collaboration with expert physicians who run busy clinical practices, providing the perfect environment to discuss problems and potential solutions to the clinical challenges today’s physicians face.
Since our inception in 2007, we have received more than 70 requests for assistance from innovators and entrepreneurs. So far, four hand-picked applicants have received direct, sustained support in the form of facilities, ongoing mentoring by Fogarty Institute leadership and/or technology development costs. They represent wonderful success stories for the Institute.
The Institute is a 501(c)(3) public charity that relies on charitable donations to carry out its critically important mission.
MissionThe mission of the Fogarty Institute for Innovation is to promote medical innovation by providing support to promising innovators and researchers as they transform their creative ideas into practical solutions to improve patient care. We offer mentorship at every step of the process, coordinating access to intellectual, physical, and financial resources to propel medical concepts from initiation to application.
To energize the process of medical innovation and promote improvement in patient care by nurturing the development of healthcare concepts.