PHC Ventures is the independent innovation and commercialization arm of PHC.
The team at PHC Ventures works to identify, nurture, and deploy innovations that advance health care and, in turn, generate proceeds that can be reinvested back into PHC and the health system.
Providence Health Care focuses on commercializable ideas through our unique independent arm, Providence Health Care Ventures (Ventures). With its own governance structure, Ventures' collaborative model nurtures and accelerates commercialization of health care solutions while reinvesting the profit for social justice causes. This fuels continued innovation growth at Providence and the creation of a learning-health system.
Ventures offers a variety of services including secure data access standardization; business advisory; commercialization; industry partnership matching; navigating Canada's Digital Technology Supercluster program; protecting intellectual property; and spin-off assistance. Ventures also invests in early stage promising health solutions that serve an unmet need. Additionally, Ventures offers access to our Integrated Health Informatics Datalab (IHID,) providing virtual sharing of de-identified health data within a secure environment.
Our collaboration network includes patients and clinical front-line professionals, governance bodies, strategic technology developers, industry partners, and academia. Ventures works with these partners on some our province's most pressing health issues such as the opioids overdose crisis, early skin cancer detection, and deployment of portable ultrasound equipment in remote communities. Ventures is also committed to capacity-building in BIPOC communities.