We believe that physicians are in a unique position to drive meaningful change in health care. We make it easier by stimulating physician-led innovation and removing the barriers to scalability.
"Having Joule there provides the leadership and support to facilitate innovation."
Dr. Dale Podolsky
Plastic Surgery Resident, Chief Technical Officer and Founder of Simulare Medical Corp
2016 Joule Innovation grant recipient
Working with the physician community, Joule identifies challenges just begging for a solution. We pose the challenge to CMA members who share their potential ideas with Joule and each other. And, the best ideas? Well, the possibilities are endless. Check out our latest challenge winners.
The 2017 Joule Innovation grant program provides CMA members with access to four $25,000 grants and one $50,000 grant in support of physician-led ventures. In addition to funding, grant recipients benefit from Joule Innovation Council guidance and mentorship, access to potential investors, recognition as a leader in innovation, and marketing and public relations support.
The 2018 grant program will be announced later this year.
All grant recipients have some seed funding in place. There is no minimum value of seed funding required and may include funding from external sources investors, friends, family and self-funding.
All selected ventures must be led by a CMA-member.
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(two $25,000 grants)
Open to early-stage ideas with some seed funding, no or minimal revenue, a credible business model and proven feasibility. These may include a product, service, technology and other innovation.
(one $50,000 & one $25,000 grant)
Open to established initiatives that have: a team, some seed funding, are in market with a proven sustainable revenue stream. Initiatives may include a product, service, technology, or other innovation.
(one $25,000 grant)
Open to early or later stage initiatives addressing a societal problem better than the status quo, and for which the primary value created is to health care as a whole. Initiatives may include a product, service, process, model of care and/or policy.
Degree of Disruption (20%)
and transformation of current health care approaches
to Joule's brand and helping physiciansbe at their best
Health care benefits (25%)
that improves people's lives
potential, especially beyond Canada
The council is composed of a team of physician innovators with a range of practice and business experience and as business leaders who are experts in marketing, finance, venture capital, product development and health policy.
The Council provides guidance to Joule, support to physician innovators and is responsible for the selection of grant recipients.