miami medtech innovation center - presentation
TRANSCRIPT
Miami MedTech, A nonprofit organization, committed to improving healthcare by fostering medical innovation.
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• 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
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USERS• Medical
Professionals• Researchers
MedTech Innovation
IDEAS
RESOURCES• Development• Talent• Funding• Research
EXECUTION
MEDICAL INNOVATION
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USERS• Medical
Professionals• Researchers
MedTech Innovation
IDEAS
RESOURCES• Development• Talent• Funding• Research
EXECUTION
MEDICAL INNOVATION
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USERS• Medical
Professionals• Researchers
MedTech Innovation
IDEAS
RESOURCES• Development• Talent• Funding• Research
EXECUTION
MEDICAL INNOVATION
US MedTech Initiatives
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
Miami, Florida
Miami MedTech
Gateway to Latin America MedTech
Established Clinical Research Organization
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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
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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
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
Facility and Operation
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
Miami MedTech Solution
• 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
