Can NYC Create an Infrastructure for Medical Device Startups?
Summary
But judging by the packed room at a Manhattan meeting Tuesday night focused on creating an ecosystem for medical device startups, there is clearly a lot of interest in changing all that.“Our surgeons and radiologists often come up with ideas for better tools,” Yashodhara Dash, licensing manager for devices at Sloan-Kettering’s Office of Technology Development, told me.An entrepreneur needs to find design professionals, fabrication shops, a project manager to oversee the manufacture of the prototype, and of course, some angel investors.“To find investment, it is important to show how the end user can get reimbursement for using your product in today’s health care environment.” “It’s tough to figure out who’s going to pay for it,” he told the meeting.The speakers at the meeting encouraged university and hospital tech transfer offices to take a much more activist role in nurturing the entrepreneurs in their midst, by providing many of the services Moses listed.
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