You & #039;re a Physician with a Great Product Idea. Now What?

Many of the best products on the medical device market stemmed from a nurse or a physician recognizing an unmet clinical need. Something that would make their jobs easier and improve the quality of care for their patients. But navigating the product development landscape is easier said than done, especially if you don't have a lot of time or funding. During the BIOMEDevice Boston Conference, a panel of industry experts offered advice on this challenge in response to two physicians' questions. The first question, from a Mayo Clinic physician, was how might a physician such as himself approach engineers that could help build a product based on their design idea? "A good place to start with very little funding would be academia," said Donna Bibber, vice president at Isometric Micro Molding. She also recommended managing expectations. In other words, be open to getting something in your hands that might not be exactly what you're looking for, but that can get you through the feasibility stage, which will then help you raise additional funding. "The question of 'hey, I have this great idea but I don't have any funding' is a challenge for sure," Bibber said. "But people are so visual. If you have something in your hands that you can get everybody excited about and you have a really good design and a good product, funding should follow. Then you can take steps to get from academia to some...
Source: MDDI - Category: Medical Devices Authors: Tags: R & D Design Source Type: news