ABOUT US MEDTRONIC LABS
At Medtronic, we believe everyone should have access to quality, affordable healthcare. We also know that we lack the appropriate innovations to reach billions of patients who do not have access to our therapies and services. Designing innovative healthcare-access solutions in resource-limited settings requires a fundamentally different approach.
Formalized in 2016, Medtronic Labs is a business entity with the goal of transforming access to healthcare for underserved patients in emerging geographies — bringing locally appropriate products, services, and solutions to market. A natural extension of the Medtronic Mission — to alleviate pain, restore health, and extend life — Medtronic Labs solicits bold, ambitious ideas and provides the resources to take them through development to market — resulting in financially sustainable businesses structured for impact and scale.
Medtronic Labs enables innovators to tap into a powerful suite of capabilities, including capital, talent, expertise, contacts, and access in local geographies. We encourage novel approaches, accommodating longer-term return horizons, and enabling innovative business models that engage stakeholders across the ecosystem.
We are lean, agile, and entrepreneurial — aware of the resource constraints, ecosystem requirements, and stakeholders needed to achieve successful business outcomes. Using human-centered design and frugal innovation techniques, we determine the needs and barriers to health access unique to underserved patients and in emerging geographies. Medtronic Labs is a holistic vision for expanding global health access.