Emerging Medical Innovation Valuation Competition - Open
Tuesday, April 10, 4:00-5:30
Meridian Ballrooms 4, Graduate Minneapolis (Formerly The Commons Hotel)
Email Submissions to MILIcomp@umn.edu
The DMD Emerging Medical Innovation Valuation Competition is a way for researchers and inventors to get immediate feedback about their projects from leaders in medical technology research, engineering & development. This competition is for inventors (including students, faculty, staff, and corporations) with ideas for new innovations in need of investor support to reach the next stage of development.
The deadline for submissions is Monday, Jan. 29, 2018.
Finalists will be announced in March 2017.
Initial submissions should be no more than 10 slides and summarize the new medical innovation. Judges will review and choose the top 6 innovation summaries to give 8 minute presentations on Tuesday, April 10, 2018 during the Design of Medical Devices Conference.
Final presentations should be composed of no more than 4 slides. DMD Conference registration required for participation in competition. After finalists complete their pitches, faculty and fellows from the Medical Industry Valuation Laboratory will provide feedback and determine the top three innovation’s with the greatest return on investment and investment potential.
The Competition judges will base their decision upon four questions:
1) Can the technology be built and scaled to production?
2) Are the Intellectual Property and Regulatory approach reasonable?
3) Is a viable reimbursement strategy possible?
4) What is the potential scale of and timing for return on investment?
The top three presenters will be awarded a full valuation, including a presentation and report, of their technologies from the University of Minnesota’s Medical Industry Valuation Laboratory, (regular fee for this service is $15,000). Winners will be announced at the keynote luncheon on Wednesday, April 11, 2018.
Questions? Please email MILIcomp@umn.edu.
More information on the Medical Industry Valuation Laboratory and the service can be found here.