Anyone from health professionals and researchers to end-users and entrepreneurs can submit an innovative idea to the Medical Device Partnering Program. Our clients come to us with a problem, an idea for a solution or in some cases, a working prototype.
The MDPP Innovations team conducts confidential research on all submissions. This includes a review of the concept and research to understand the product’s potential. We’re able to quickly understand the need and market opportunity to then shortlist projects to go through to a workshop.
Our workshops are one of the most valuable aspects of the Program. Here we explore the idea and underlying problem to ensure the new product provides benefits over existing solutions. Participants may include research specialists, academics, clinicians, manufacturers, end-users and commercial experts. The workshop provides a clear path forward and can result in new product ideas or approaches being conceived.
Following the workshop, an independent Assessment Panel involving researchers, industry experts, clinicians and government representatives review the plan. We want to ensure every project we invest our time in has the potential to be developed into a marketable product.
Each approved project receives up to 250 hours of professional technical expertise for a $5000 investment. This can include proof of concept research, prototyping, product validation or a small-scale clinical trial. We also provide a detailed market intelligence report and foster connections to potential manufacturers and commercial partners to further support our clients in taking their ideas to market.
We handover all results, data, prototypes and intellectual property to the client, together with suggestions for future R&D and funding opportunities. We believe through the Medical Device Partnering Program, clients have all the ingredients required to take their product to the next step!