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Medical Device Project Start-up

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 AJY6
(@ajy6)
Posts: 81
Estimable Member
Topic starter
 

What type of medical device project would you be interested in starting up related to the research you are doing or any work you are conducting in the industry? Also, what are some beginning steps to start this project, and what is the end goal you want to accomplish? 

 
Posted : 22/01/2022 6:55 pm
(@gg382)
Posts: 72
Estimable Member
 

Regarding my field of interest, bone regeneration, to the best of my knowledge, several medical devices are in high demand including bone graft substitutes, external fixation devices, stem cell therapy devices and bone stimulation devices. Starting a medical device startup can be a complex and challenging process, but I think people can take some steps to get started. They need to do a lot of research and identify a need, Then they have to build a team which can be small in the beginning, develop a prototype once they have a clear understanding of the problem you are trying to solve. Afterwards, they should conduct clinical trials which require a lot of paperwork (ethics) and financial resources and I think the most difficult step is this one. Once all these are done, they need to secure funding to bring the medical device to market and before your medical device can be sold, you will need to obtain regulatory approval from the relevant authorities, such as the US FDA or the European Medicines Agency (EMA). Finally, you can earn some money after launching Your Product!

 
Posted : 05/02/2023 5:41 pm
(@ag2265)
Posts: 70
Trusted Member
 

I currently work in a research lab on NJIT campus where we conduct research on blast induced traumatic brain injuries (bTBI) using rodent animal models. This research can be linked with similar injuries that soldiers face when they are in warfare conflicts. When an explosion occurs, blast waves are emitted from the site of explosion and if they are at a high enough pressure and the soldier is close enough to the blast radius, they could experience severe bTBI injuries which could be fatally chronic if not addressed or treated immediately. I personally would like to see an injectable drug that could help combat the biochemical response that occurs in the brain when this type of injury is induced on a soldier so that it could prevent long term neural damage. I would propose an injectable drug which contains an encapsulated nanoparticle which would be able to cross the blood brain barrier and reduce chronic microglial activation. To see this project to fruition I would first need some preliminary data that I would be able to show investors to get seed money. From there I would begin pre clinical trials and move forth with the FDA process. The end goal for this project would be to see it used by the entire United States Armed Forces which would be able to save our soldiers' lives.

 
Posted : 05/02/2023 11:42 pm
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