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Launching a medical device startup involves dealing with many variables influencing success. One critical factor is speed to market. Successful startups often move swiftly and gain momentum during commercialization. However, minor setbacks can slow development, significantly impacting time to market and financial outcomes.
There’s a dynamic duo that’s been quietly saving the day: engineers and their knack for MedTech innovation. Medical technology has been turning heads with its life-saving devices and game-changing solutions. It’s the engineers who are pulling the strings, making magic happen from scratch. This article is all about shining a light on the engineers role in shaping the future of MedTech.
Kickstart your medical startup: The 3rd edition of the Mother and Child Startup Challenge is here!
Are you a visionary entrepreneur with groundbreaking ideas in MedTech or Digital Health field? The Mother and Child Institute invites you to join the 3rd Edition of the Mother and Child Startup Challenge!
Can you imagine a pediatric healthcare today without MedTech solutions? Without a support of technology, both hardware and software? Why do they play a crucial role in disseminating and personalizing patient care, especially for the youngest ones? Children require a dedicated approach and specialized medical solutions that not only address their unique physical needs but also consider psychosocial aspects.
One crucial decision startups face is whether to pursue certification from the United States Food and Drug Administration (FDA) or the European Union’s Medical Device Regulation (MDR). Both regulatory bodies offer pathways for market approval, but understanding the advantages and suitability of each is essential for startup success. In this article, we explore the notable advantages of FDA or MDR and discuss which option may be better for MedTech startups.
In 2024, innovative MedTech startups stand at the forefront of a transformative journey, poised to redefine our healthcare experience. These young companies aren’t merely players in the field. Armed with fresh perspectives and groundbreaking technologies, they’re introducing novel ideas, developing cutting-edge medical devices, and challenging traditional approaches to healthcare. From ingenious gadgets to intelligent diagnostic tools, they’re reshaping the very fabric of healthcare delivery.
The synergy between MedTech startups and Low-Volume CDMOs is increasingly becoming a pivotal force driving innovation and growth. Often likened to a love-at-first-sight scenario, this partnership holds immense potential to revolutionize the industry and bring groundbreaking medical devices and solutions to the market.
Despite astonishing advances in medical treatment and substantial investments that have been made in healthcare innovation, MedTech Startups have one of the highest failure rates. To find out why, it is important to break down underlying challenges and examine the driving forces. How does the nature of product development in MedTech differ from other fields? What mindset and expertise are essential to navigate the uncertainty? What are the best questions to ask that can help MedTech startups reflect on their journey and improve themselves?
Should MedTech startups or academic spin-outs partner with Contract Development and Manufacturing Organizations (CDMOs)? It’s tempting to push the project alone and consume the glory, yet these organizations play a pivotal role in driving innovation, streamlining production processes, and ensuring the delivery of high-quality medical devices and technologies.
The Mother and Child Startup Challenge is a unique European project that brings together state medical entities in the pursuit of harnessing the potential of innovative solutions related to comprehensive healthcare. This year’s edition attracted 51 startups and companies from various countries, competing for the opportunity to introduce their innovative ideas to six public hospitals in Warsaw, Łódź, Białystok, Gdańsk, and Olsztyn.