This section is focused on resources devoted specifically to startups and med-tech startups. More startup ecosystem resources are listing in the categories below.
Understanding the process of developing, characterizing, and manufacturing medical technologies allows companies to shorten time to market, to better understand their manufacturing processes, and to characterize their products well.
Philanthropic and non-profit organizations range from small foundations affiliated with large companies, universities, and/or hospitals to large research institutes. Such organizations employ scientists and students in the entire spectrum of biomedical science career paths, from exploratory research to investigate novel hypotheses to scientific writing, intellectual property, public relations, grants administration, etc.
Entrepreneurs operating in the medical device industry take all shapes, from new entrants emerging from academia and related technological and clinical fields to seasoned industry veterans looking to establish and grow yet another successful device enterprise. But no matter their level of experience and expertise, the ultimate success of all medtech entrepreneurs hinges on one thing: their ability to raise adequate funds to bring their ideas to fruition.
Whether you are new to development of medical devices, drugs or diagnostics, or if are already working with a regulatory team and want to learn more about this function, these resources are aimed to provide an understanding of the history of FDA regulation in the US and overview of pathways for approval of all medical products, including:Class I, II, III, and unclassified medical devices, Drug/device combinations, Pharmaceuticals (IV, oral, ophthalmic, topical, etc), Over-the-Counter (OTC) drugs, In-vitro Diagnostics
A trade association, also known as an industry trade group, business association or sector association, is an organization founded and funded by businesses that operate in a specific industry.
Once you’ve completed Discovery, Development, and Manufacturing, the next part of your business plan should focus on your marketing and sales management strategy for your business. Marketing is the process of creating customers, and customers are the lifeblood of your business.