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Biomedical Engineering Innovation, Design & Entrepreneurship Contest Phil Weilerstein, NCIIA

Biomedical Engineering Society Annual Meeting - Nashville, TN Presentation to the Biomedical Engineering Society October 2, 2003. Biomedical Engineering Innovation, Design & Entrepreneurship Contest Phil Weilerstein, NCIIA Jay Goldberg, Marquette University. Vision.

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Biomedical Engineering Innovation, Design & Entrepreneurship Contest Phil Weilerstein, NCIIA

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  1. 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

  2. Vision • A 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.

  3. 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

  4. E-Teams • E-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.

  5. 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

  6. 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

  7. Requirements • Engineering, science and business students (at least one BME student per team) • Faculty advisor/sponsor • Industry mentors • Funding • Access to laboratories, shops, etc.

  8. Schedule • October ‘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

  9. 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

  10. 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

  11. Judging • Panels of judges including representatives from industry, academia & clinical settings will evaluate finalist proposals potentially in concert with an industry product design contest.

  12. 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

  13. Get Involved • Phil Weilerstein, Executive Director • pweilerstein@nciia.org • NCIIA • 100 Venture Way • Hadley, MA 01035 • Tel. (413) 587-2172 Fax. (413) 587-2175 • www.nciia.orginfo@nciia.org • Jay Goldberg • Director, Healthcare Technologies Mgt Program; Assistant Professor of BME • Biomedical Engineering • Marquette University    • Milwaukee, Wisconsin 53201 • jay.goldberg@mu.edu414.288.6059

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