Studio Zao designed and ran a 6 months venture building programme for deep-science and healthcare innovation students from 8 leading UK academic institutions, guiding 10 Ventures through MedTech Superconnector.

BACKGROUND

The MedTech SuperConnector (MTSC) is a consortium formed of 8 leading UK academic institutions (Imperial College London, Queen Mary University of London, Royal College of Art, Royal College of Music, Institute of Cancer Research, Royal Veterinary College, Buckinghamshire New University and The Francis Crick Institute).

MTSC exists to accelerate the commercialisation and adoption of academic, deep-science medical and healthcare innovations, supported by £5M of funding from the UK Government. The Challenge Accelerator is a 6-month venture building programme that takes postdoctoral, PhD, and Master talents of any academic background from the consortium institutions with a passion for MTSC’s goals. Participants form venture teams with fellow researchers with complementary skills to work on early-stage ideas to tackle challenges in Mental Health and Wellbeing.

BRIEF

MTSC asked Studio Zao to help them with designing and delivering an end-to-end venture-building innovation programme over 6 months to develop 10 ventures from the 8 academic institutions.

APPROACH

We designed and delivered an end-to-end venture-building programme consisting of:

  • A 2-day Creation Hack
  • A 3-day Design Sprint
  • Multiple Lean Venture Building Workshops and Masterclasses
  • Ongoing Venture Development Coaching and Support
Creation Hack

We organised, designed and delivered a 2-day intensive hack process that ideated proposition concepts and formed 10 venture teams out of 100+ individuals through fundamental Lean Startup principles. Teams went from ideation and validation to pitch, working through intensive customer problem discovery and validation. They also “got out of the building” taking advantage of a crowded Saturday afternoon shopping mall in the proximity of the Creation Hack venue.

Developed 10 MedTech Ventures Via A 6-month Venture Building Programme
Design Sprint

We delivered a 3-day sprint aimed at deep-diving into customer pains and user journeys for rapid prototype development, user testing and MVP experimentation.
For the first time, teams tested their ideas with customer, receiving feedback and insights.

Developed 10 MedTech Ventures Via A 6-month Venture Building Programme
Lean Venture Building Workshops and Masterclasses

During the months following the Design Sprint, we have delivered a series of targeted and hands-on workshops on:

  • Customer Discovery and Validation
  • Value Proposition Development (one-to-one 3 hours workshop)
  • Pitching
Developed 10 MedTech Ventures Via A 6-month Venture Building Programme

We have also conducted one-to-one business coaching sessions every forth-night to align on progress and define next steps, for a total of 15 coaching hours each team.

Moreover, we have scheduled and conducted a series of venture reviews along the venture building journey to ensure accountability. Teams had to demonstrate and present progress in hitting specific target to build evidence of market validation.

OUTCOMES

Developed 10 MedTech Ventures Via A 6-month Venture Building Programme
Developed 10 MedTech Ventures Via A 6-month Venture Building Programme
Developed 10 MedTech Ventures Via A 6-month Venture Building Programme

Starting from 100+ individuals, we created and accelerated 10 startup venture teams focusing on a range of healthcare challenges from cancer support to digital addiction and clinical-trial efficiency.

In September 2019, 6 of these venture presented their progress in a public event at Imperial College London. Having started as individuals from 8 universities meeting in a snowy weekend in February, 6 months later a few ventures had already launched products and started trials.

TESTIMONIALS

‘I certainly feel more confident about standard entrepreneurship practices such as pitching, customer discovery and preparing a value proposition now. The tailored one-to-one coaching sessions was the best thing and it was a pleasure working with both Davide and Jamie; they really encouraged us to think out-of-the-box’

Maryam AbdollahyanMTSC cohort 2 participant

“Studio Zao’s expertise in the entrepreneurial process provided the structure and rigour needed for our teams to understand customer needs, develop value propositions and formulate their market validation plans. They have been instrumental in helping us design and facilitate our MedTech Challenge accelerator experiment.”

Hiten Thakar Programmes Manager, MedTech SuperConnector

“I loved being able to learn about the lean canvas model and I enjoyed the practical sessions, I’ve learnt a lot!
The Hackathon was a very well-run event!”

Pepita StonorApplied Positive Psychologist, HR Executive and Entrepreneur

“Both Jamie and Davide have been incredibly helpful for our journey as an early venture starting from nothing more than a vague idea. The most helpful part was the constant emphasis on identifying the pain points. There are so many issues that you need to address as a founder and it is so easy to lose focus of what the key value proposition is and whether we are really testing the need for the product.”

Woochan HwangMTSC cohort 2 participant

DO YOU LIKE WHAT WE DO?

At Studio Zao we help organisations and founders build new ventures while developing entrepreneurial capabilities.

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AI & The Future Of Work: What's the role of entrepreneurial skills?

AI & The Future Of Work: What’s the role of entrepreneurial skills?

February 25 @ 6:30 pm - 9:30 pm

How is AI and emerging technologies impacting organisations? Come and join an evening discussion with Sony Music, IBM Ventures & UK GOVIn partnership with City.AI and Second Home, Studio Zao presents:Cars that drive themselves. Algorithms that make millions of trades in a day. Chatbots that respond to customer-service inquiries. These are just some of the powerful manifestations of how Artificial Intelligence (AI) is transforming our lives and our workplaces.As AI increases in efficiency and improves our lives, it is said…

Imperial Food Hack, 26th-28th Feb 2020. New food products against Diabetes & Cardiovascular Diseases

Imperial Food Hack, 26th-28th Feb 2020. New food products against Diabetes & Cardiovascular Diseases

February 26 @ 8:00 am - February 29 @ 5:00 pm

48 hours to design, validate, plan & pitch ground-breaking food products Food Hack 2020 will bring together experts from across the food industry to bridge the gap between research and the market. Using Sprint & Lean Start Up methodology, multi-disciplinary teams will each design an innovative food proposition which harnesses the health benefits of a natural genetic variation in peas with the ultimate aim of preventing diabetes and cardiovascular disease. Begin the Hack with an early idea, and you will…

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