About IDEA^2 Madrid
A proven approach to fostering innovation, developed at Massachusetts Institute of Technology and Harvard University
IDEA² Madrid is a new program of the Madrid-MIT M+Visión Consortium, modelled on the program launched at Harvard and MIT, designed to help Madrid's emerging biomedical innovators and entrepreneurs refine their project ideas and get the guidance and expertise to realize them. It is focused on developing innovative medical technologies and businesses that could solve important problems in healthcare.
Identifying and clearly defining problems is a crucial but often underestimated challenge in modern research and innovation. Much of the success in a research initiative—and achieving impact—lies in selecting and solving the right problems. The IDEA² Madrid program is designed to provide researchers early in their careers (such as graduate students, post-docs, and early professionals) with a structured process that guides, mentors, and supports problem definition and development.
IDEA² Madrid engages individuals from many sectors, such as the academy, government, and industry, in the process of selecting and developing problems. It also reduces barriers that naturally arise between these sectors, providing an opportunity for involvement by those normally excluded from the academic process, and increasing the projects’ potential for high impact. These engagements promote the development and growth a professional networks that are so critical to professional success.
IDEA² Madrid is a multi-component process that turns an idea into IDEA² by:
- Identifying a worthy area for inquiry and development. Applicants are expected to have defined an area of interest, an unmet need, and have an idea for addressing that need. Together, the need and idea form the opportunity for impact.
- Defining achievable opportunities for impact. Through a small team of mentors (catalysts), IDEA² Madrid finalists and fellows will evaluate, develop, and more clearly define the opportunity, assess the potential impact, and establish goals and milestones.
- Enabling concentrated effort. Through resources that allow the IDEA² Madrid finalists and fellows to focus on the right problem at the right time.
- Accelerating progress through collaboration. Through a network, to enable connections and associations with individuals from all sectors, disciplines, and professions in order to help accelerate progress towards the goals.
"IDEA² Madrid helped me form a concrete project and roadmap for development…a business plan. My Catalysts and other contacts helped me to focus on useful, practical applications [of the technology tool] and to validate the technology. I expect to start a company in Madrid, and begin testing in 2013.” —Julián Daich, 2012 IDEA² Madrid Awardee
Whom should I contact with questions?
Sandra Widland, IDEA² Madrid Project Manager
- April 15: The application Web site opens
- April 30: Application deadline for pre-proposals, 22:00h CET (Madrid Time)
- June: Finalists announced and Proposal Catalysts assigned
- October: Finalists make their proposal presentations