LYFEBULB

How might Lyfebulb support “Patient Entrepreneurs” in transforming their ideas into prototypes and taking them to market?

LYFEBULB

PROJECT TYPE

New Products & Services

CONTEXT

Lyfebulb is an engagement platform for chronic disease patients including those who have developed solutions to an unmet need they have identified in their own disease journey, also known as, Patient Entrepreneurs.
We designed three alternative entrepreneurship and product innovation models based on the different roles that Lyfebulb could play as supporter, investor, retailer and/or open innovation facilitator throughout the process. We crafted alternative business models for Lyfebulb based on different roles, and created financial projections.

Lyfebulb embraced a variation on the “open innovation” model and launches annual innovation challenges in fields such as IBD, transplants, kidney disease, etc, and supports the most promising projects with money and access to their network.