• Skip to Content
  • Skip to Sidebar
IU

Indiana University Indiana University IU

IU Kelley School of Business at IUPUIGo from Moment to Momentum

New group starting in Indiana to support physician and life science entrepreneurs

Posted on April 25, 2018 by Teresa Mackin

As Indiana looks to invest more in startups, a new group is forming to help physicians and life science entrepreneurs innovate successfully.

A number of central Indiana health and life sciences professionals, as well as venture advocates including faculty, students and alumni of the Kelley School Business of Medicine Program have founded SoPE Indiana, a regional chapter of the Society of Physician Entrepreneurs (SoPE).

First started in 2011 by physicians seeking to catalyze healthcare innovation through entrepreneurship, SoPE is a non-profit biomedical and clinical innovation network. It has nearly 25 chapters across the globe and almost 30,000 members and followers.

“There’s no arena more in need of innovation and entrepreneurial thinking than healthcare. Physicians are extremely entrepreneurial. In many cases, however, they just don’t have the tools and relationships to convert their ideas into a venture or share innovations,” explained Todd Saxton, co-founder of SoPE Indiana and associate professor of strategy and entrepreneurship at the Kelley School. Saxton teaches in the Kelley Business of Medicine Physician MBA Program, where he says students and alumni alike are interested in innovating within their own institutions, starting something new or getting involved in the startup arena through advising or investing.

todd-saxton.jpg

“The SoPE Indiana chapter will focus resources on education and networking for entrepreneurs in the life sciences,” explained Saxton. “We hope to bring together clinicians, other care team members and participants in the life science community, as well as potential funding sources.”

Paul Szotek, MD, MBA’18, a hernia surgeon and CEO of the Indiana Hernia Center, says he pursued the Kelley Physician MBA after a failed venture attempt. Now, he joins Saxton as co-founder of SoPE Indiana.

“Physicians, nurses, and clinicians have ideas, but we don’t necessarily understand how to execute an idea or understand the business end of it,” said Szotek. “SoPE Indiana will create an ecosystem for physicians. It will provide the resources they need to raise money, to put together a team and to manage and market a business.”

paul-szotek768.jpg

SoPE membership is open to anyone in the health and life sciences, including, but not limited to, doctors, nurses, dentists, healthcare entrepreneurs, investors, engineers, IT professionals, and industry representatives.

“The ecosystem in Indiana is ripe for aggressively driving life sciences innovation,” said Luke Pittman, MD, MBA’14, a family physician and healthcare innovator who will serve as an executive committee member for SoPE Indiana. “We don’t need to wait for coastal innovations or money to trickle down to us ‘humble Hoosiers.’ We have the opportunity to take the reins ourselves. SoPE Indiana is part of that vision by convening enterprising physicians and life sciences innovators in a community focused on bringing the future of healthcare to the present.” 

SoPE Indiana is sponsored and supported by the Kelley School of Business, Ice Miller, Elevate Ventures, TelaBio, Char Blue, and a growing list of others.

“With the addition of an Indiana chapter to SoPE, Elevate Ventures is eager to see more Hoosier healthcare entrepreneurs and life sciences startups engage in Indiana’s entrepreneurial ecosystem,” said Ting Gootee, chief investment officer at Elevate Ventures.

“Physicians play a central role in the adoption and success of medical devices, diagnostic tests, pharmaceuticals and health IT. We are essential in the bench-to-bedside phases of innovation. SoPE Indiana will enable entrepreneurs in these areas to reach not only clinicians and innovators in the life sciences space, but investors as well,” added Frank Lloyd, MD, MBA’15, who is the founder of a medical device company, a graduate of the first Kelley Physician MBA class and a SoPE Indiana executive committee member.

SoPE Indiana will host an inaugural meeting Thursday, June 21 at CharBlue Steakhouse in downtown Indianapolis. The event will run from 5:30 – 8:00 PM.

Included in the inaugural meeting, a speaker panel featuring life science entrepreneurs at different stages of launch and growth. These serial entrepreneurs have launched over a dozen companies collectively. 

Panelists include:

  • Dr. Frank Lloyd, MD, MBA, President and Co-Founder, Cascade Metrix, an ICU point of care device
  • Dr. Anthony Harris, MD, MBA, Co-Founder of EternoGen, Harris Fitness, and other life science ventures
  • Dr. Jeff Wells, MD, MBA, Co-Founder and CEO of OurHealth, a high-growth provider of onsite and near-site wellness solutions for over 30 employers nationwide
  • Anthony Koblish, Co-Founder and CEO, TELA Bio, a surgical mesh and reconstruction company

Attendees will also have some “open mic” time, so they can share their own venture concepts with the group. Sponsor TELA Bio will also host a session at the end of the program on its products and approach to market.

For more information and to register, check the SoPE Indiana website here. Questions can be directed to Todd Saxton at tsaxton@iu.edu.


Filed under: Alumni, Careers, Entrepreneurship, Faculty, Healthcare, Innovation, News, Physician MBA Program, Research, Students

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Additional Content

About the Kelley School at IUPUI

The Kelley School of Business at IUPUI is home to a full-time undergraduate program and five graduate programs, including a graduate certificate for professionals in healthcare; master’s and graduate certificate programs in accounting, internal audit and taxation; the Physician MBA and the Evening MBA, which is ranked eleventh in the country by U.S. News & World Report.

Categories

Search Posts

Receive Updates

Get the latest news from the Kelley School's Indianapolis programs, faculty, students and alumni delivered directly to your Inbox

Please, insert a valid email.

Thank you, your email will be added to the mailing list once you click on the link in the confirmation email.

Spam protection has stopped this request. Please contact site owner for help.

This form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent Posts

  • Tobias Leadership Center announces 2023 cohort of Tobias Fellows January 17, 2023
  • Practice administrator improves patient experience through healthcare management certificate January 12, 2023
  • VP of women’s health: The Physician MBA is the best investment I’ve made in my career January 9, 2023
  • Kelley finance alum creates and grows sustainable clothing subscription company January 5, 2023
  • Healthcare professional adds management experience with graduate certificate January 3, 2023

See Archived Posts

Kelley School Faculty at IUPUI

Full list of faculty based in Indianapolis.

Indiana University

Copyright © 2022 The Trustees of Indiana University | Privacy Notice | Accessibility Help

Subscribe

Subscribe By Email

Get every new post delivered right to your inbox.

This form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.