Having worked in the investor-driven, medical device startup world for the past two decades, we’ve learned a thing or two about how to commercialize innovative medical technology. The challenges for first time entrepreneurs is myriad. With that in mind, the team here at DeviceLab and Nouslogic are pooling their entrepreneurial wisdom, inclusive of both our triumphs and battle scars, to share some of what we’ve learned along the way. We hope this helps a few first time entrepreneurs avoid some of the pitfalls, delays and missteps that can derail the best of ideas.
As we wish to explore the many facets of bringing a new medical device to market via a startup business entity, this will be published as a series of blogs. Small bites of “how to” that are designed for ease of understanding and, more importantly, ease of implementation.
Here’s What We Plan on Covering Over the Coming Weeks:
•Legal/Patent Issues. Company Formation.
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- •Strategic Business Planning (For investors)
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- •The phases of an investor-driven strategic plan.
- •Business modeling and pro forma financials.
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- •Investor Communications
- •Understanding Dilution
- •Estimating your Pre-money Valuation
- •Investor Communications Documents
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- •Pitch Deck
- •Executive Summary
- •Strategic Business Plan
- •Website
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- •Potential Risk Factors Investors are Seeking
- •Strategic Business Planning (For investors)
- To launch the series, here is a YouTube link for an interview we recently did on “Health Talks with Dr. Trinh” on OC Talk Radio.
Hoang Nhu, the founder and CEO of Nouslogic, and Terry Murray, Vice President with DeviceLab, explore the current state of wireless technology moving into patient homes.
