Did you miss one of the best medical device and medtech conferences of the year? The DeviceTalks West conference took place on December 12 in Irvine and covered a review of 2016, what medtech will look like in 2025, what startups today need to be doing to prepare for tomorrow, some changes in the legal arena, and how to build your company now so you're more legally prepared later on. Listen to catch the details.
Save $100 off your MedTech Monday registration by using code MONDAY100 at checkout
Reggie Swift has helped several companies develop their products as an engineer and became inspired to change the world with some of his own ideas. He's working hard on them when he has the time (in addition to his other job) and is feeling the pains and joys that come with being an entrepreneur. Listen to some of the things he's overcome and what fires him up every morning to keep working hard and pushing forward with the spirit of Imua!
Over appetizers, Dan Golka and I chat about his upcoming conference, MedTech Monday, as well as his website MedTech Directory. The conversation drifts into some marketing strategy in how startups can leverage social media so listen up there.
When seeking startup funding, you need to have a solid business structure, business strategy, and pitch. Today we dive into these details to build on part 1 (in episode 36). If you didn't listen to part 1, you should...and it's the process of what it takes to get your product to market from ideation to launch and covers what needs to be done in marketing to regulatory to engineering to sales.
When seeking startup funding, there's more work involved than just asking for money. Investors want to be confident that you can drive your product forward and be successful on the market and that comes with knowing the process of getting there, being prepared, and giving them the info they want to see. This is part 1 of 2 in a series that will give a brief overview of what you need to have a grasp of before going out and trying to get a pitch lined up.
Ever wanted to get advice from lots of medical device development experts or find out what mistakes they see over and over again?
Well, I asked, and have it here for you. While at this year's OCTANe Medical Device & Investor Forum in October, I collected audio from a VC investor, mechanical, software, firmware, electronic, and optical engineers along with strategy consultants.
Got an idea for a medical product and wondering how to get started and how to get funded? Find out in our new "Invention Idea to Profitable Product" program for FREE as a beta tester. Hurry as space is limited!
My guest Pat Flynn isn't in the medical device industry, he doesn't have a medical invention, but has extreme expertise at creating new businesses, products, and services around what people want. What did he do to make everything successful? Idea validation. Talking with people about what they want and need. Listen about his ideas that flopped when he didn't do this, and find out about his book that services as an idea validation guide.
Do you have an idea for a medical device? Apply here for FREE to beta test our new program where you'll learn what to do next + how to get funding.
When I was at the OCTANe Medical Device Investor Forum recently, I had the chance to interview several startups about their journey, what their technology is, and what advice they would give to someone just starting out. They're battling the rough waves of development but they get right back on their board when they fall off. I hope this inspires you to do the same and IMUA with your idea!
Take action! Sign up for FREE to beta test our new "Invention Idea to Profitable Product" program by visiting http://imua-services.com/iipp OR text the word "INVENTION" TO 44222
Bill Carpou, president of OCTANe talks about the upcoming Medical Device Investor Forum, how Launchpad helps companies, and why Southern California is a great place to start a company. Find out what resources are available to you as an entrepreneur.
Have an idea for a medical product? Join the program for FREE as a beta tester here or text the word invention to 44222 to stay updated about our November 1 lauch!
John Livesay, referred to as the "Pitch Whisperer", helps startups get the funding they need by helping them refine their pitches. He explains why the jockey is more important than the horse, as well as the role empathy plays in startups. Learn how to weave stories in to your pitch and wow investors.
Developing a new product and want to know what to do next, join our new beta program FOR FREE here or text the word INVENTION to the number 44222
Andy Cothrel has seen it all in the medical devices industry. He's worked for big companies like Roche and Abbot and has been on the team of startups and advising others now through his own company, Blue Marble Medical. Andy and Meghan talk about why no one wants to buy a project anymore, and why you should always have an exit strategy. Got an idea for a medical device or health/wellness product? Check out our new program that will be beta launching soon and you might be able to go through it for FREE.
The Lab on a Chip World Congress was this past week in San Diego. There is some amazing technology like "body on a chip" that can mimic human metabolism and function so animal testing is minimized as well as more traditional point of care diagnostics that are truly fit the definition of lab on a chip. Developing a diagnostic or lab on a chip product? Check out our new program that will be beta launching soon and you might be able to go through it for FREE.
Intellectual property can often be challenging and expensive for startups and inventors. I share 5 tips that will help shape development and strategy to secure funding and lead to a successful launch. Got an idea for a medical product? I've got a program that will be in beta soon and you have the opportunity to BE IN THE PROGRAM FOR FREE as a tester. You'll learn about the development process, what investors look for, and how to nail your pitch. To stay updated, visit imua-services.com/iipp or text the word "invention" to 44222.
Turning a medical invention into a real product takes some guts, some grit, and a whole lot of determination. How can you motivate yourself to keep going? Is this the right choice for you? How far should you go? These are common questions and today I dive in on some personality traits needed to withstand all of the rough waves. Do you have an idea of your own? I'd love to help you FOR FREE! Become one of our beta testers in our new "Invention Idea to Profitable Product" program. Visit imua-services.com/iipp or text the word "invention" to 44222 to sign up.
In this episode I sit down with Amanda and Nicholas Bayerle to discuss:
In this episode Chris Deardorff and Megan get down to the business of business. They explore the true meaning of marketing, where it can (and isn’t) being implemented by companies, and jump into the “Three Truths about Marketing.”
In this episode I sit down with a 26 year old bodybuilder who wears an artificial heart while working out.
In this episode, we flip the script and I have Laura Petersen interview me to discuss
the top mistakes people make in medical product development and my personal journey in the space.
Meghan's personal history with medical devices [2:55]
Why she felt prepared to get her eye removed [8:49]
Why she has a medical device installed in her hip [12:16]
How she performed as a gymnast all through college [21:08]
How she got started with product development [22:35]
What she does at IMUA Services [27:37]
The top 5 mistakes people make in medical device development [30:07]
The Five Most Common Medical Device Development Wipeouts
1. Not conducting market research
2. Taking the wrong regulatory path
3. Infringing on another company's patent
4. Ignoring formative usability studies
5. Setting unrealistic development timelines and cost
In today's show I sit down with Partha Unnava from Better Walk to talk about:
In this episode I sit down with John and Jenn Zeis from Toolbox Medical Innovations to discuss:
Kevin Harrington is an entrepreneur, author, and business executive known as the '5 Billion Dollar Man'. In this episode I sit down with Kevin to talk about all things 'pitching'. We discuss the number one mistake he sees entrepreneurs make, one of the worst pitches he's ever seen, and how Mark Zuckerberg approached raising money.
In this episode I sit down with my father, Ed Flynn, to discuss his career in the Navy, his knee surgeries, his knee replacement, and how medical devices have impacted his life.
Dr. John Alderete is a father, a violinist, a microbiologist, and an entrepreneur. In this episode I sit down with him to discuss his experiences in the diagnostics device industry, what he would do differently today, and why he cares so much about music.