Sorry technical difficulties! Posted this out of order! This was meant to be after Ashley’s post…

This is a really good addition to the conversation Ashley. It seems like more innovation is with start up companies, yet while the bigger, well established companies, whom have a larger medical product portfolio, have an assumed easier time getting FDA approval for class II and III devices. I actually read a linkedin post regarding this topic. The author, Stefan Lindegaard, mentions how there are limitations for both big and small companies. Smaller companies have more passion for innovation because they are just entering the market while larger companies focus more on performance, stable operations, and productivity/investment in corporate global growth. I think the environment in a start up company is different and eventually evolves as it grows larger, focusing on more prominent factors for the company’s profit and growth compared to innovation. I have never really thought about the difference in the cultural environments between big and small companies and I think this is a great topic to open awareness for students thinking about entering the industry.

LinkedIn article: Innovation: 7 Key Differences Between Big and Small Companies by Stefan Lindegaard.