Miami MedTech Innovation Center - Presentation
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Take your Idea. Develop your Product. Test it, Sell it, and Exit. Innovative clinical minds face difficulties actualizing great product ideas because of the complexities associated with healthcare product development. A successful healthcare innovation development process involves integrating many complex disciplines at the highest level of quality in order to provide patients with the safest and most effective treatment options. As a result, many innovators never begin to develop their ideas because of intimidation or lack of resources. Some innovators go through the stressful and costly undertaking of an improvised development process that ultimately leads to a less than optimum product and poor financial returns. In order to solve this problem, we created a comprehensive platform to efficiently translate ideas into effective and successful healthcare products.
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Miami MedTech Innovation Center - Presentation
- 2. 2Max@MiamiMedTech.com Miami MedTech, A nonprofit organization, committed to improving healthcare by fostering medical innovation.
- 3. 3 MedTech helps people worldwide to LIVE LONGER, HEALTHIER and MORE PRODUCTIVE LIVES Relies on innovation to continue improving patient outcomes and healthcare system progress Innovation originates from USERS MedTech Max@MiamiMedTech.com
- 4. 4 USERS Medical Professionals Researchers MedTech Innovation IDEAS RESOURCES Development Talent Funding Research EXECUTION Max@MiamiMedTech.com MEDICAL INNOVATION
- 5. 5 USERS Medical Professionals Researchers MedTech Innovation IDEAS RESOURCES Development Talent Funding Research EXECUTION Max@MiamiMedTech.com MEDICAL INNOVATION
- 6. 6 USERS Medical Professionals Researchers MedTech Innovation IDEAS RESOURCES Development Talent Funding Research EXECUTION Max@MiamiMedTech.com MEDICAL INNOVATION
- 7. US MedTech Initiatives 7Max@MiamiMedTech.com Massachusetts $430M Raised in 2014 $1B+ in Exits in 2014 $1B in LifeScience State Funding Minneapolis, MN LIFESCIENCE ALLEY 12+ Companies 350 Employees $1.5B value to founders Menlo Park, CA THE FOUNDRY 37 Companies $325M Raised Stanford, CA BIODESIGN Miami, Florida 6X 2.3X 1.6X Medical Device Patents Per State FLORIDA #4 1ST MEDTECH INCUBATOR IN FLORIDA
- 8. Miami, Florida Miami MedTech Gateway to Latin America MedTech 8Max@MiamiMedTech.com Established Clinical Research Organization
- 9. 9 Vision To improve healthcare by comprehensively executing needs-driven and value-based medical technology innovations. Method Using an incubator type methodology and advisor- lead apprenticeship program to evaluate opportunities to create and foster independent start-up companies. MIAMI MEDTECH 1ST MEDTECH INCUBATOR IN FLORIDA Max@MiamiMedTech.com
- 10. 10 Process EVALUATION Complete systematic evaluation of the innovation opportunity Lead by Advisory Board and executed by Apprentice Group Little to no cost to the Innovator START-UP EXECUTION Complete MedTech product development infrastructure to incubate Start-Up Companies Pitch Deck & Fundraising Support from in-house and University members Incubation and support at no cash burden to Start-Ups A systematic process to identify and execute needs-driven and value-based MedTech innovations Max@MiamiMedTech.com
- 11. Miami MedTech & Florida International University Strategically located within FIU and a member of Start-Up FIU, mutually engaging: Fostering healthcare innovation and promoting economic and professional development by realizing the full potential of an industry & academic partnership Expert faculty The Small Business Development Center Tech Transfer and Commercialization Office College of Laws small business clinic Student Interns College of Engineering and Computing Medical School Biomedical Engineering Increased Innovator Technical Capacity Direct Student Involvement with Industry Reduction of Start-Up Financial Burden Tech Transfer to Market Patent Generation Ancillary revenue streams Max@MiamiMedTech.com 6
- 12. Facility and Operation 12Max@MiamiMedTech.com Dedicated Fabrication Shop Co-working space | Private Offices Prototyping Lab | Testing Wet Lab DIRECTORS Clinical Technical ADVISORY BOARD Clinical Advisors Development Business Strategist Investors Intellectual Property Strategic Sponsor Engineering Marketing DEVELOPMENT STAFF Administrative Assistant Product Dev. Engineer Engineering Technician APPRENTICE GROUP Clinical Fellows Engineering Fellows Business Regulatory Intellectual Property Science Marketing Healthcare IT
- 13. Miami MedTech Solution 13Max@MiamiMedTech.com Addressing the regional need for a complete and comprehensive MedTech development incubator Innovation evaluation and selection process to create and foster independent start-up companies with clear commercial adoption Advisor-lead apprenticeship program The MedTech hub for Latin America
- 14. Thank you. Contact: Max Mendez Max@MiamiMedTech.com 14Max@MiamiMedTech.com