The Innovation Institute Signs Exclusive Global Agreement with Society of Physician Entrepreneurs

La Palma, Calif. – August 17, 2016 – The Innovation Institute announced today that it has signed an exclusive global agreement with the Society of Physician Entrepreneurs (SoPE), a biomedical and healthcare innovation network of over 25,000 international members, to collaborate on concepts, ideas, and solutions that will improve healthcare delivery.  SoPE has 25 Chapters worldwide. 
“This partnership gives SoPE the opportunity to work with our team of Ph.D.’s, M.D.’s, and tech transfer staff to commercialize and take their ideas to market,” said Joe Randolph, president and CEO of The Innovation Institute.  “We are excited to work with this impressive network of physician entrepreneurs.” Essentially, the SoPE network of physicians can tap into the Innovation Institute through software set up to facilitate the submission and commercialization of ideas.

“The Innovation Institute will help us achieve our vision to empower physicians and other professionals to innovate ‘mind-to-market’ solutions, and connect similar forward-thinking individuals,” said SoPE Chairman and Co-Founder Jeffrey Hausfeld, M.D.  SoPE President and CEO, Arlen Meyers, M.D., M.B.A. echoed the thought noting,  “Collaboration is key to success in healthcare innovation, and we are excited for the potential that this relationship can offer to SoPE’s members.”

About SoPE

The Society of Physician Entrepreneurs (SoPE) is a global biomedical and healthcare innovation network with membership open to all healthcare professionals, entrepreneurs and industry stakeholders. SoPE was founded in 2011 by three physicians who shared a common vision – to empower physicians and other professionals to innovate healthcare through entrepreneurship. Four years later, SoPE continues to gain momentum with sixteen chapters across the United States, Turkey, China and the United Arab Emirates, as well as industry partners who directly support our members’ efforts. Members include doctors, nurses, dentists, healthcare entrepreneurs, investors, engineers, academics, IT professionals and industry representatives.

Their community members share a common focus – working at the crossroads of innovation and commercialization to make a difference in healthcare. SoPE provides a platform for members to accelerate and catalyze innovation, as well as a separate supporting 501(c)(3) tax-exempt Foundation for scholarship and philanthropic endeavors to advance healthcare. For more information, visit

About The Innovation Institute

The Innovation Institute is an independent, for-profit LLC owned by non-profit health systems for cultivating innovative solutions to transform healthcare delivery. This unique collaborative comprises over 23,000+ physicians and 170,000 healthcare workers from over 100+ hospitals and 500+ clinics, along with extensive industry business partners, to incubate and commercialize new medical products and ideas. For more information,