The Toledo Innovation team has two focus areas:
· Supporting entrepreneurial and economic development activities in the communities we serve
· Building a culture of innovation within the Mercy Health – Toledo market
The Innovation team’s work is supported by a number of grants and donors, including:
· Ohio Third Frontier Entrepreneurial Services Program (ESP) – Mercy Health - Toledo is part of a regional consortium that provides consulting services and funds to help commercialize new ideas and technologies in the State of Ohio. Funds spent by the program are used to identify, protect and commercialize intellectual property.
· Ohio Third Frontier Technology Validation Start-up Fund – Mercy Health - Toledo manages a fund that supports de-risking ministry intellectual property with an addressable market of $70 million or greater ($150K max) to prepare for license to an Ohio start-up company. Funds support prototype development, market research and other pre-licensing activities.
· Grants from local partners – Grants from community partners allow Mercy Health - Toledo to deliver additional support to businesses in historically underserved areas in the form of training and access to needed technology and tools to help them grow. Partners include Broadband Ohio, PNC Foundation, Huntington, The Toledo-Lucas County Public Library, Signature Bank, N.A., FirstEnergy Foundation, LISC and Cliffs Foundation.
Since 2017, Mercy Health has attracted over $7 million dollars in grants and matching funds and has put them to work in our community to support regional technology and entrepreneurship.
Annual Reports
Ohio Third Frontier Entrepreneurial Services Program (ESP) –provides mentoring, support services and funds to early stage tech entrepreneurs in Northwest Ohio.
Innovation Challenges – Mercy Health - Toledo employees and associates are invited to share their great ideas to improve patient care through a series of Innovation Challenges held annually at all of Mercy’s Toledo area hospitals. Selected tech ideas are chosen for further development and the submitter is awarded Called to Shine points. Ideas can also be submitted anytime to innovation@mercy.com.
Ideation sessions – The innovation team occasionally convenes clinician groups to take part in problem-specific ideation sessions to inventory what is already known/being done to solve the problem and engage in creative problem solving.
· Supporting entrepreneurial and economic development activities in the communities we serve
· Building a culture of innovation within the Mercy Health – Toledo market
The Innovation team’s work is supported by a number of grants and donors, including:
· Ohio Third Frontier Entrepreneurial Services Program (ESP) – Mercy Health - Toledo is part of a regional consortium that provides consulting services and funds to help commercialize new ideas and technologies in the State of Ohio. Funds spent by the program are used to identify, protect and commercialize intellectual property.
· Ohio Third Frontier Technology Validation Start-up Fund – Mercy Health - Toledo manages a fund that supports de-risking ministry intellectual property with an addressable market of $70 million or greater ($150K max) to prepare for license to an Ohio start-up company. Funds support prototype development, market research and other pre-licensing activities.
· Grants from local partners – Grants from community partners allow Mercy Health - Toledo to deliver additional support to businesses in historically underserved areas in the form of training and access to needed technology and tools to help them grow. Partners include Broadband Ohio, PNC Foundation, Huntington, The Toledo-Lucas County Public Library, Signature Bank, N.A., FirstEnergy Foundation, LISC and Cliffs Foundation.
Since 2017, Mercy Health has attracted over $7 million dollars in grants and matching funds and has put them to work in our community to support regional technology and entrepreneurship.
Annual Reports
Current Programs:
Getting Your Business Rolling – free eight-week classes to help grow emerging businesses in Toledo's historically underserved neighborhoods. Participants who attend at least 7 of the classes and complete the coursework receive a free laptop computer for their business. To date, the program has put computers in the hands of over 300 entrepreneurs. To learn more or be notified about upcoming classes, please email innovation@mercy.com.Ohio Third Frontier Entrepreneurial Services Program (ESP) –provides mentoring, support services and funds to early stage tech entrepreneurs in Northwest Ohio.
Innovation Challenges – Mercy Health - Toledo employees and associates are invited to share their great ideas to improve patient care through a series of Innovation Challenges held annually at all of Mercy’s Toledo area hospitals. Selected tech ideas are chosen for further development and the submitter is awarded Called to Shine points. Ideas can also be submitted anytime to innovation@mercy.com.
Ideation sessions – The innovation team occasionally convenes clinician groups to take part in problem-specific ideation sessions to inventory what is already known/being done to solve the problem and engage in creative problem solving.