FFMI fastPACE

Kickoff Session: The introduction of basic innovation concepts and business case development, including the construction of a value proposition, testing and validating assumptions with customer/stakeholder discovery, and communicating the vision for the innovation through problem identification.

Check-point Webinars: Weekly check-point webinars and office hours are built into the program to check your understanding of critical development concepts – such as conducting a market analysis, basic revenue/sustainability model, intellectual property, regulatory considerations, and others – in advance of project team presentations.

Final Session: Project teams finish the course by delivering a final business case presentation – including all the concepts taught as a weekly progression during the course – for constructive feedback and identification of next step resources.

• Problem Identification
• Proposing the Solution
• Identified Stakeholders/Customers
• The Value Proposition
• Preliminary Market Analysis
• Revenue Model/Medical Reimbursement
• Intellectual Property
• Regulatory Considerations
• Development Timeline & Resources

Since 2014, the FFMI fastPACE course has supported the development of many innovations and project team members.  Long-term results include the successful implementation, license, or business startup for many course graduates.  More immediate results include:

• Securing development funding (e.g., translational research funds, innovation grants, pitch competitions, etc.)
• Finding development partners (e.g., prototyping, testing, business, etc.)
• Becoming integrated with a vibrant innovation ecosystem of resources at the University of Michigan