Spectrum Health Innovations Receives Large Smartzone Grant for Development of Medical Devices
Grand Rapids, Mich, Feb. 20, 2018– Spectrum Health Innovations (SHI) was recently awarded a grant from the City of Grand Rapids’ Smartzone Local Development Finance Authority (LDFA) to support the development of new health care solutions.
The $727,000 grant will be used over the course of three years and is the largest one SHI has ever received.
“A number of highly competitive proposals were submitted to the LDFA and SHI is honored to be selected as an awardee,” said Spectrum Health Innovations Senior Director, Dr. Brent Mulder. “We have a great partnership with Grand Valley State University (GVSU) and Kendall College of Art and Design of Ferris State University (KCAD) working on new health care technologies over the past five years and this award will serve to expand upon this already successful platform.”
Through a uniquely developed collaboration, SHI, GVSU and KCAD work together on the development of medical devices to solve health care problems. This grant accelerates the successful collaboration and will bring together students from GVSU’s engineering program, KCAD’s industrial design program and Spectrum Health clinicians to work on real-world problems.
SHI has worked with more than 2,500 Spectrum Health physicians and staff members on their ideas for improving health care, resulting in six patents pending, one issued patent and 10 products in use.
Spectrum Health Innovations, LLC (SHI) helps lead new health solutions by helping Spectrum Health physicians and staff identify opportunities for innovation and develop and launch novel ideas. SHI focuses on the development and launch of promising new health care products and technologies, such as medical devices, surgical tools, nursing products, hospital equipment, therapy equipment and software. SHI aims to develop products and technologies can improve the quality of care at Spectrum Health, many of which may also have broader commercial potential and applicability to health care systems beyond Spectrum Health. Our team is comprised of professionals with deep experience in the development of new technologies and start-up companies. SHI also serves as Spectrum Health’s link to the greater entrepreneurial and product development community, collaborating with entrepreneurs, investors, product development firms, universities, business and technology incubators, software developers and attorneys.
Spectrum Health, a not-for-profit, integrated health system, is committed to improving the health and wellness of our communities. We live our mission every day with 31,000 compassionate professionals, 4,300 medical staff experts, 3,700 committed volunteers and a health plan serving 1 million members. Our talented physicians and caregivers are privileged to offer a full continuum of care and wellness services to our communities through 14 hospitals, including Helen DeVos Children’s Hospital, 155 ambulatory sites and telehealth offerings. We pursue health care solutions for today and tomorrow that diversify our offerings. Locally-governed and based in Grand Rapids, Michigan, our health system provided $585 million in community benefit in fiscal year 2019. Thanks to the generosity of our communities, we received $30 million in philanthropy in the most recent fiscal year to support research, academics, innovation and clinical care. Spectrum Health has been recognized as one of the nation’s 15 Top Health Systems by Truven Health Analytics®, part of IBM Watson HealthTM.
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