medical innovation center team university of michigan executive director dr. james geiger pediatric...
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Medical Innovation Center Team
University of MichiganExecutive DirectorDr. James GeigerPediatric Surgery
Associate DirectorProfessor Albert ShihMechanical Engineering
Managing DirectorBrenda Jones, MBA
Assistant DirectorEducationJennifer Stovall
Prototype SpecialistToby Donajkowski
Associate DirectorDr. Jeff MyersAnatomic Pathology
Basic Format for Fellowship• Duration – 1 Year, July-June (Med School Schedule)
• Process of selecting fellows - Application, essays, letters of recommendation, individual and group interviews, survival team exercise
• How are projects determined? Domain (destination program) direct clinical observation in specific domain, wisdom of crowds, pair-wise comparison, Technical Advisory Group feedback
• Advisors, mentors? 2 per team plus professional team coach
• What are major deliverables for the fellows? (1) Greater understanding of medical innovation development and challenges of multidisciplinary groups (2) Commercializable product idea
University of Michigan Medical Innovation CenterJuly
Creation Solution-Business
Knowledge Foundation
Opportunity Exploration
Core
Core
Core
Support
Support
Support
Domain
Domain
Domain
September December March June
Unique Features of Program
• Anti-disciplinary - Medical, Business, Engineering, other
• Major health system and top ranking schools all on one campus
• Team volunteer work-campus ambassadors of innovation
• “Blank slate” to develop ideas from unmet needs within domain
University of Michigan Medical Innovation Center
Challenges
• Sustainability (funding)• Recruiting fully engaged faculty• Program identity balance – Education
program vs Inventor assistance program• Changing the culture• A “start-up” in a big bureaucracy• Evolution of Biomedical Device Industry
University of Michigan Medical Innovation Center
Catheter Securement-Novel IV Catheter
University of Michigan Medical Innovation Center
StartingSub-Domains
Domain
Opportunity Discovery
SolutionCreation
Opportunity Profiles Clearly Defined Market Needs With Potential Solution Concepts
Offering Development
Solution Concepts Design Concepts Ready for Prototyping and/or Market Experimentation
Provisional filingAngel investment510K in process