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Northwell Commits $1.3M to Fund Innovative Employee Ideas streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Northwell Commits $1.3M to Fund Innovative Employee Ideas
Search jobs Northwell Commits $1.3M to Fund Innovative Employee Ideas
NEW HYDE PARK, N.Y. (BUSINESS WIRE) Northwell Health has awarded $1.3 million toward the research and development of four employee-driven projects that have the potential to transform the future of health care. After a one-year hiatus, the health system renewed its annual ideas showcase – known as the 2021 Innovation Challenge – and came away with two potentially transformative projects: a 3D imaging device to identify tissue pressure injuries early and a spleen stimulator to treat bleeding.
Northwell tapped into the marketplace of ideas by giving employees an opportunity to receive funding through the internal competition. Now in its fifth year, the 2021 Innovation Challenge drew 74 submissions in two categories, which were winnowed down to seven finalists. Two winners along with two runners up were announced on May 3.