What I find to be actually pretty interesting now is that we’re in the age of Kickstarter. Scientists and engineer who have innovative ideas are actually able to bypass much of the needed fundraising by simply setting up pages, displaying the ideas behind their devices, and having strangers fund them on the criteria that the funders would gain benefit in some way. The concept is the same as finding traditional investors — they give the innovator money and gain something back in profit. However, in this case, the number of investors is usually in the hundreds or thousands, depending on the amount being raised.

Therefore, it hasn’t been hard to find medical devices that have been placed on the Kickstarter page that have gained investors, such as Fever Smart: A Thermometer for Kids which sends information directly to the user’s smart phone.