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.
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
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
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 Law’s 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