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Arlen D Meyers, MD, MBA University of Colorado School of Medicine Founding President and CEO, www.sopenet.org

The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

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SOPE is a global biomedical and health innovation network helping doctors get their ideas to patients and markets

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Page 1: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

Arlen D Meyers, MD, MBAUniversity of Colorado School of Medicine

Founding President and CEO, www.sopenet.org

Page 2: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

•Rising health care costs•Access•Quality•Stressed innovation pipeline•Disenfranchized and disempowered physicians•Globalization •Lack of bioentrepreneurship knowledge, skills and abilities•Lack of early stage money•Lack of opportunities to get experience

Page 3: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

AssociateQuestionExperimentObserveNetworkhttp://hbr.org/2009/12/the-innovators-dna/sb2

Page 4: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

Education

Experience

Connections/Mentors

Cash

Resources

Page 5: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

Culture celebrating innovation and entrepreneurshipStructure and connectedness outside of the bureaucracyProcess and metrics that reward successInnovators

Page 6: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

The Society of Physician Entrepreneurs (www.s0penet.org) and linkedin group, is a NFP global biomedical and healthcare innovation network . Members include healthcare entrepreneurs, investors, service providers, and industry representatives

Page 7: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

The mission of SoPE is to help biomedical and healthcare entrepreneurs get their ideas, discoveries and inventions to market by providing them with education , connections to service providers and investors and offering value added products and services.

Page 8: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

Sope U is an online learning platformSoPE Chapters offer monthly educational and network eventsPartnerships with others offering meetings, seminars, etcSoPE Summit Collaborations with International Business Schools CU Program in Bioinnovation and Entrepreneurship

Page 9: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

Working with local technology transfer offices or industrySoPE Innovation Scholars ProgramAcclerators like HealthStartZ in Denver

Page 10: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

3000 people on linkedin groupExtensive social media networkSoPE Box RadioSoPE NewsletterSoPE Website at www.sopenet.org Monthly Chapter meetings

Page 11: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

Connections to early stage investorsCollaborations with TIE Rockies, National Association of Seed and Venture Funds, Rockies Venture Club, and other international angel networksCrowd funding intermediary?SoPE Capital Mangement ?

Page 12: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

• 2800 global members on linkedin and website• Growing at 150 members/month• Chapters in Nigeria, India, Turkey, San Diego, Colorado, St Louis, Wash/MD/ N VA

and growing to 20• SoPE Affinity Partners Program• SoPE Innovation Scholars Program with Acclarent

Page 13: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

Wells FargoBank of AmericaMorgan Stanley Smith BarneyAcclarent/Johnson and JohnsonMedvoyHSBC Bank

Page 14: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

•SOPE promotes the program to members and co-manages the program•Industry partner hires Innovation Scholar for 6 months /1 year•Designed to expose IS to different aspects of life science technology commercialization•Expectation is that IS will pursue technology commercialization interest , teaching and research

Page 15: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

•Helping members connect to HNW investors and angels•Connecting members to bioengineers and contract manufacturers•Finding C-suite talent•Connecting to international supply chains and marketing channels•Facilitating technology transfer•Helping with IT development

Page 16: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

•Expand membership to 10K•Expand network of global chapters•NFP c(6) and c(3) SoPE Educational and Research Foundation•Accelerate global biomedical and healthcare innovation•Expand ISP program•Expand SoPE Affinity Partners Program•Enhance US global competitiveness in biomedical innovation•SoPE U•SoPE Magazine•SoPE Meetings with other organizations•SoPE Consultants: The SoPE Brain•SoPE Capital Management/Crowd Funding Intermediary?

Page 17: The Society of Physician Entrepreneurs (SoPE): A model for community based biomedical and health innovation and entrepreneurship

Arlen Meyers, MD, [email protected]