Dan Wasserman CEO – Mammoth Health Innovation

C.H.I.E.F.S.™ UPDATE  

C.H.I.E.F.S.™ is the culmination of over four decades of experience leading and working with early-stage ventures. Originally defined as “Canadian Health Innovation Evaluation For Success, C.H.I.E.F.S. is now focused on the six strategic Pillars necessary for effective commercialization:

• Customer,
• Health-Economics,
• Impact,
• Execution,
• Financials,
• Scalability

The C.H.I.E.F.S. Findings report is an inexpensive validation tool^[i] based on fifty (50) proprietary criteria that are distilled down to ten (10) critical functions (see Exhibit 1).

Exhibit 1

For innovators, this immediately identifies, by Factor, the level of any necessary remediation.

The Factors are then further aggregated into the Pillars Profile (see Exhibit 2):

C = Customer: Positioning (TAM/SAM/SOM), Type of Innovation, Corp Dev

H = Health-Economics: Early Funding, Currently Seeking Corp Dev, Exit

I = Impact: Type of Innovation, IP, Years in Development, Principals

E = Execution: Principals, Team, Years in Business, Corp Dev

F = Financials: Early Funding, Currently Seeking, Positioning (TAM/SAM/SOM)

S = Scalability: IP, Corp Dev, Exit

Exhibit 2

These six pillars provide a structured lens through which investors, and ecosystem partners can evaluate not only the scientific merit of a technology, but its likelihood of achieving real-world commercial success.

Many innovative companies fail, not because of poor professional advice, but because commercialization risk was never objectively assessed.

C.H.I.E.F.S.™ complements professional services by evaluating whether an innovation is commercially prepared to succeed.

Please visit our updated website at www.mammothhealth.ca.