I came to M-PED with an idea for a smart disposable ambulatory infusion pump, and they helped verify the clinical need and refine the product idea.
Education and training resources provided by the University of Michigan Medical Device Ecosystem and other outside entities will give you the critical core of knowledge that you should have to increase your chances of success as a medical innovator.
A good resource for all things biodesign can be found at BIODESIGN: The Process of Innovating Medical Technologies .
Strategyzer offers the books "Business Model Generation" and "Value Proposition Design", along with interactive tools to help you understand your business and the people you serve.
The UM Medical Device Ecosystem includes Fast Forward Medical Innovation, UM Office of Tech Transfer, MICHR, Ross School of Business Zell Lurie Institute, UM Center for Entrepreneurship, and others. An important offering for pediatric inventors is the following web-series on customer discovery and value proposition:
The Innovative Value Proposition: Capturing Your True Customer
This four-part web-series for faculty teaches them to develop a value proposition for their idea as well as understand the customer discovery process.
A full list of their education resources can be found in the CommEd Library.
The World Intellectual Property Organization (WIPO) provides:
The UM Office of Tech Transfer
provides a multitude of resources pertaining to invention disclosures,
intellectual property filings, licensing agreements, etc:
M-PED created a 28-minute informational video on medical product manufacturing, which features critical information on FDA manufacturing requirements for pediatric and adult devices. Watch the video here: Innovative Pediatric Manufacturing: Strategies & Solutions - A Guide to Bringing Your Device to Market
The FDA provides several resources to assist you in the path to market approval. Consult the following:
Navigating the FDA pathway to get your innovation to market is difficult. Fast Forward Medical Innovation provides educational videos (YouTube) pertaining to FDA regulations and medical device pathways to market:
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are available to small businesses through several federal participating agencies, including the Department of Health and Human Services.
BBC Entrepreneurial Training and Consulting provides SBIR/STTR grant writing training seminars, grant writing assistance and review, and commercialization planning assistance to small businesses. For a comprehensive list of offered services, or to find a training seminar near you, search their offerings here.
The MI Small Business Development Center (MI-SBDC) and Michigan Economic Development Corporation (MEDC) formed the Michigan Emerging Technologies Fund to match a percentage of funds awarded through SBIRs. The application for matching funds must be completed at least ten (10) days prior to the federal submission date for the SBIR grant.
This fund matches 25% of Phase I SBIRs up to $25,000 and 25% of Phase II SBIRs up to $125,000.
Fast Forward Medical Innovation provides educational videos (YouTube) pertaining to translational research funding strategies and SBIR/STTRs:
The National Venture Capital Association (NVCA) main website contains general information about venture capital funding, as well as resources for entrepreneurs/small businesses on company valuation, legal document examples, and other documentation.
The NVCA also maintains a list of blogs written by venture capitalists with a wealth of information on current trends and important issues being addressed by innovation today.
The Michigan Venture Capital Association (MVCA) website contains resources for entrepreneurs/small businesses and information about programs to boost Michigan venture capital involvement and success.
Entrepreneurship.org's Entrepreneur's Guide contains educational resources for entrepreneurs on a variety of topics, including business operations, finance, accounting, marketing, sales, and more.
Alexander Cowan, a serial entrepreneur, provides practical resources and innovation curriculum on his website geared toward tech entrepreneurs. Topics include: product design and development, venture management, building the right team, marketing, and more.
StartUpHire.com is an online job portal for start-up businesses to recruit talented individuals.
Michigan Pediatric Device Consortium (M-PED)
400 N Ingalls Building
Ann Arbor, MI 48109
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