We describe recent advances with Parahydrogen Induced Polarization (PHIP) to establish easy-to-use, inexpensive hyperpolarizers with potential for translation into preclinical and clinical practice. We show that more than 10% polarization of [1-13C]-Pyruvate can be established by SABRE-SHEATH. With those polarization levels, we demonstrate hyperpolarized MRI at 1.5 T of a cryogen-free MRI system. We also describe a PHIP reactor that provides continuous hyperpolarization and achieves RASER (Radio-wave Amplification by Stimulated Emission of Radiation), which gives 100% background free, high resolution MR signals. By combining PHIP methods with low-field MRI, an affordable yet highly sensitive molecular imaging approach may emerge.