DevTech Partner works closely with practicing clinicians to commercialize their medical devices. We have worked with clinicians across all disciplines including neurosurgeons, anesthesiologists, orthopedists, ER physicians, nurses, respiratory therapists, CRNAs, and physical therapists to bring their medical device concepts to market.
We know that practicing clinicians with full-time clinical schedules often lack the time, experience and network to efficiently commercialize their medical technologies. The DevTech team and our network can help you with the day-to-day grind of commercialization.
Concept Validation
Our process includes an extensive evaluation process to validate the concept and prepare for future due diligence, regardless of the commercialization pathway chosen. Our high-level process for clinician inventors includes:
- Validation of the clinical problem
- Identifying existing devices/solutions currently on the market
- Validating the competitive advantages of the new device as compared to existing devices
- Working with patent counsel to ensure competitive advantages align with patents
- Engineering and refining prototypes
- Validating the prototype functionality and ergonomics with end-user clinicians
- Working with regulatory consultants to determine the regulatory pathway
- Financial analysis including market analysis, COGS, price point, reimbursement and financial modeling
Business Planning
- Validation of the clinical problem
- Identifying existing devices/solutions currently on the market
- Validating the competitive advantages of the new device as compared to existing devices
- Working with patent counsel to ensure competitive advantages align with patents
- Engineering and refining prototypes
- Validating the prototype functionality and ergonomics with end-user clinicians
- Working with regulatory consultants to determine the regulatory pathway
- Financial analysis including market analysis, COGS, price point, reimbursement and financial modeling
