Recognizing the broad and diverse nature of London’s health care community, the Network and the Leadership Team that governs it recognizes that the enterprise must be structured in a manner that maximizes member engagement, strategic thinking, flexibility, and collaboration.
To this end, the Partners have entered into a Joint Venture Agreement that gives structure and credence to the decisions made by members on behalf of the Network. The JVA ensures that the Leadership Team serves as the nexus for the Network’s initiation, incubation, acceleration and maturation. It also ensures that all decisions are vetted collectively by London’s health care leaders and always with the best interests of the Network and the community in mind.
The Leadership Team has also established a Not-For-Profit Corporation, a legal entity that serves as one of several key enablers to the Network, and London’s research, development & commercialization (RD&C) contributors. The Not-For-Profit Corporation operates under the name London Medical Innovation Community Investment Corporation (Medcic) and is designed to serve as a catalyst and co-investor in various London-based initiatives that advance the Network’s agenda. Potential applicants are invited to review the investment process and criteria outlined in a separate section of this website to determine if they are a potential fit for the Network and its mandate.