We are looking for ideas that positively impact both medical therapy and the marketplace.
The Innovation Factory puts innovative medical device technology ideas through intense evaluation, identifying those that hold the strongest potential for success with a focus on opportunities meeting the following criteria:
An annual worldwide market potential of $500+ million
Cost-effective proprietary technologies protected by patents, patent applications or IP disclosures
Technologies with a compelling clinical benefit over existing practices, that answer a market need underserved by the "gold standard"
Platform or enabling technologies
Developmentally, ideas with a clear clinical, regulatory and reimbursement path
Ideas strong enough to launch a new company with an identifiable exit strategy (acquisition, IPO, etc.)
We welcome any novel ideas in therapeutic medical technology, including these areas: