Creative Destruction Lab (CDL), a global academic technology entrepreneurship accelerator program, is adding a dedicated stream to its existing focus areas, including artificial intelligence, health science, space, quantum computing, blockchain, energy and oceans,media reported. The addition is a timely one: CDL Recovery, which aims to help transform science and research into scalable products and services to address the many consequences of the neo-coronavirus pandemic, including its impact on public health and the economy.
The CDL model that helps start-ups move from concept to product is quite unique and may be well suited to addressing new needs arising from the world’s need to respond to new coronaviruses. To address the need for therapeutic sand and medical hardware to help fill the gap, many efforts have been made in schools and universities around the world, while CDL’s expertise has shifted in-depth technology and hard science from research labs to the market.
The goal of the project is to help lead innovation from innovation to product innovation in key areas including diagnostic testing, vaccine development, tele-care and telemedicine, as well as in areas of economic support such as virtual work, talent retraining, remote equipment operation, automation, food production and supply. In a blog post about the new project, Ajay Agrawal, cdL founder and a professor at the University of Toronto, wrote that many people believe there is a need to “build a war-time foundation for responding to the new coronavirus” as part of the project’s goals.
There is no doubt that, as we are currently facing a crisis, there is a way to reduce the turnaround time from research to development and deployment as a very welcome request. In addition, CDL projects have been collaborated with academic institutions from around the world, including Oxford University, The Paris Institute of Business, the Georgia Institute of Technology, the University of British Columbia, the University of Montreal, the University of Calgary, the University of Dahlhaus and the University of Toronto. The approved team will participate in a series of goal-setting meetings under the guidance of mentors, including founders and executives from leading companies and institutions around the world.
The CDL Recovery project will follow the same structure as its standard flow, but will perform at twice the speed to accelerate the results. Currently, the app is open, the project is provided free of charge, and there is no interest in it from any program operator.