Taking a Holistic Approach to Commercialization, From Need to Impact
The hub for health innovation at UT.
The CoLab at Dell Medical School at The University of Texas at Austin supports Dell Med’s mission to revolutionize how people get and stay healthy by quickly translating and commercializing life-changing health innovations.
It is a launchpad for transformative health solutions that provides resources for innovators interested in commercializing an invention, starting a company or collaborating with industry partners.
The CoLab addresses the challenges in bringing novel procedures, treatments and devices to market, bridging the gap between breakthrough discoveries at research universities like UT and everyday consumers.
Areas of Focus
Based on the stage and needs of each project, the CoLab identifies market gaps, develops smart solutions, and builds partnerships and commercializes opportunities.
- A painstorming process defines desired health outcomes, articulates challenges to achieving outcomes and develops problem statements that can be used to guide new solutions.
- Texas Health Catalyst — a Dell Med-UT campus partnership — leverages clearly defined problem statements to solicit, vet and shape promising health innovations. It convenes teams from across industries and through the entire value chain and creates a safe harbor and clear process through which ideas can be presented, challenged, built upon and tested.
- Partnership and commercialization efforts identify partners, facilitate collaborations and negotiate agreements to commercialize promising innovations, as well as provide a support structure to manage and advance partnership projects toward commercialization.
UT students and faculty “learn by doing” when they work through the translation and commercialization of their technologies. Through Texas Health Catalyst’s associate program, students and graduates gain exposure to the business of health care through hands-on work with project teams and by supporting program operations.
The CoLab’s programs, supported projects, and diverse partners and advisors attract investors and members of the health care industry to engage with the research of UT students and faculty. Additionally, health care companies from across the world partner with — and hire — UT students, faculty and staff in local offices and labs.
The CoLab’s programs, including Texas Health Catalyst, are redefining what product innovation and commercialization — designed to efficiently support a value-focused health system — look like.
We believe every health system can build and benefit from a Texas Health Catalyst-style accelerator, and can even use it to support a regional health innovation ecosystem.