MIT Professor Andrew Lo provided stimulus for innovative thinking about finance in some of the earliest innovation leadership programs we were involved with. His proposal for a cancer mega-fund which we first heard in 2011 is coming closer and closer to reality with the announcement of the Cancer Moonshot. At a recent data conference that brought together leaders from finance, venture capital, and government at the Federal Reserve Bank of Boston, he continued his push for cross-industry innovation. During his talk, Professor Lo asked “what if fintech apps…asked each of their customers if they could get access to their medical data?” Could that data then be used to accelerate validation of new treatments for intractable diseases? It’s a question fraught with data privacy concerns but it’s also a starting point for innovative ways of looking at the intersection of financial health and medical health.
Written by Glen Mohr
Since 2001, Glen has designed and managed professional development programs that develop leaders and deliver innovative solutions simultaneously. Clients, including Citigroup (11 years), Merrill Lynch (5 years), and PNC (2 years), consistently achieve the goals of more self-aware and capable leaders, ongoing organizational capacity for innovation, and innovative solutions to client needs – of which a high percentage move forward to generate revenue. He has personally coached hundreds of teams and has recruited and trained a team of expert coaches. He holds a Masters from Harvard with a concentration in Technology in Education and a BS in Architecture from the University of Virginia.
We hope you are enjoying some quality time with your family this Thanksgiving Day.
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