0 biomedical engineering society annual meeting - nashville, tn presentation to the biomedical...
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Biomedical Engineering SocietyAnnual Meeting - Nashville, TNPresentation to the Biomedical Engineering SocietyOctober 2, 2003
Biomedical Engineering Innovation, Design &
Entrepreneurship Contest
Phil Weilerstein, NCIIA
Jay Goldberg, Marquette University
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VisionA national biomedical product design competition:•competitive opportunity to learn about the design, development and commercialization process• brings the academic and industrial biomedical engineering communities together to learn, and create commercially valuable innovations.
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Goals•To encourage and recognize the development of innovative, commercializable medical devices and technologies by entrepreneurial student teams (E-Teams) from BME programs and other disciplines.•Create awareness and interest in entrepreneurship among students and faculty•Expand engagement of industrial partners in the educational process
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E-TeamsE-teams are multidisciplinary teams of students, faculty, and industry advisors who work together to develop a product or technology with potential for commercial success. E-Teams bring learning beyond the classroom and into the real-life experience of commercial development.
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Objectives– a self-sustaining, high quality competition
– opportunities for hands on experience in product design, development, and entrepreneurship
– a forum for emerging resources and best practices
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Who is involved?– Graduate and undergraduate students:
• In teams originating from senior capstone design courses
• In independent teams
– Academic departments or schools
– Professional clubs or societies
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Requirements– Engineering, science and business students
(at least one BME student per team)
– Faculty advisor/sponsor
– Industry mentors
– Funding
– Access to laboratories, shops, etc.
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ScheduleOctober ‘04: Initial entry/statement of intent– Short descriptive entry– Multiple teams at local level– Semifinalists selected in early spring – 1 per school
June ‘05 - Final entry due– Winners announced at BMES
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Application Full application includes– Objectives– Design documentation– Prototype of design– Proof of solution– IP summary (min. of prior art & patentability)– Regulatory pathway and strategy– Market analysis– Condensed business plan with strategy for
commercialization
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Evaluation Criteria•Meets needs of a clearly identified customer•Solves a clinical problem •Innovative solution that meets technical, market, regulatory & legal requirements•Novelty and utility of design•Potential to reach underserved populations •Commercialization potential•Ability to execute plan
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JudgingPanels of judges including representatives from industry, academia & clinical settings will evaluate finalist proposals potentially in concert with an industry product design contest.
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Progress •Draft proposal reviewed by planning group
•Council of Chairs endorsement
•Identified 30+ institutions for pilot launch
•Developed larger planning group
•Industry group endorsement pending
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Get InvolvedPhil Weilerstein, Executive Director
NCIIA
100 Venture Way
Hadley, MA 01035
Tel. (413) 587-2172 Fax. (413) 587-2175
www.nciia.org [email protected]
Jay Goldberg
Director, Healthcare Technologies Mgt Program; Assistant Professor of BMEBiomedical EngineeringMarquette University Milwaukee, Wisconsin [email protected] 414.288.6059