a blog post by Managing Partner, Aidan Petrie

In the years that I have taught innovation and worked with many hundreds of companies, big and small, we hear over and over again that we have to go in search of problems to solve as a route to innovation.

Providence, RI, July 7th, 2020 - Rhode Island-based startup, Quantitative to Qualitative Health a.k.a Q2Q Health, is awarded funding through the New England Medical Innovation Center’s (NEMIC) ACTIVATE Program.

Guess it's time to start defining the term again

by Nikhil Krishnan, Out-of-Pocket

In 2004, at age 43, Roberta Powell was a successful management consultant with two school-age children. Life was great, or it seemed to be, until Christmas Eve, when Roberta found a lump in her breast which turned out to be breast cancer.

Providence, RI - June 29, 2020 – The New England Medical Innovation Center (NEMIC), New England’s Premier Med Tech Venture Studio who supports innovators to bring their medical ideas forward, announces the completion of their 9-month, 16 class, 8 workshop education program. The Med Tech Leadership Program, in partnership with Real Jobs Rhode Island, is a demand-driven workforce and economic development initiative designed to train the next generation of entrepreneurs, startup executives, and industry professionals in Rhode Island’s medical technology ecosystem.

The Slater Technology Fund is a not-for-profit venture capital fund dedicated to supporting early-stage technology ventures in Rhode Island. The current Slater Technology Fund was created in 2005, but its predecessor organizations go back to 1998. Today, the company is based at the CIC in Providence, in the Wexford Innovation Center at 225 Dyer St. It has been in Providence for some time, but the predecessors were located at universities and other research institutions.

Congratulations to ResusciTech, My MOC Inc., and bosWell as they embark on the MassChallenge RI Accelerator kicking off next week. r

Christopher Jones’s road to biomedical startup success did not quite unfold with machine-like precision. Sure, he was an engineering prodigy and is a natural entrepreneur, and the company that he co-founded, HD LifeSciences, makes implants for spinal fusion surgery.

Can you believe how fast April went by? As the NEMIC staff continue to work from home due to the status of COVID-19, we still strive on delivering you insightful episodes on a variety of topics. We had our own Tom Chiginsky deliver an episode co-hosted with Amazon’s Alexa! Plus we looked at COVID-19’s impact on the workplace and HR.

On May 28th, 2020, NEMIC held its first Curveball Pitch Night and first virtual pitch event with 3 startups pitching and 12 investors in attendance. Curveball at NEMIC is a play on and similar to their Softball Pitch Events.

Providence, RI - May 13, 2020 – The Rhode Island Business Competition announced the winners of the 2020 competition last night in an online awards ceremony. This year, the New England Medical Innovation Center (NEMIC) partnered with the Rhode Island Business Competition to manage the Med Tech Track of the competition with the support of Rhode Island Commerce.

Read the full press release here.

Can you believe how fast April went by? As the NEMIC staff continue to work from home due to the status of COVID-19, we still strive on delivering you insightful episodes on a variety of topics. We had our own Tom Chiginsky deliver an episode co-hosted with Amazon’s Alexa! Plus we looked at COVID-19’s impact on the workplace and HR.

There is some confusion over the EUA guidelines, what they mean for innovators in the MedTech field, how to use them well and what to watch out for. Read the blog for clarity on EUA submissions.

Hello April! Take a look back on the most recent #MedTechMonday podcast episodes published in March. We had 5 guests join us over 3 episodes to discuss topics like venture studios, medically focused product developers, and tips for researches and early-stage entrepreneurs who are translating their research into market ready medical products.

Congratulations! You are ready to dip your toes into the commercial waters and begin the process of transforming your technology into a product or business. Not so fast. Before you do anything, there are 3 crucial things you need to know about intellectual property and talking about your idea in public realms. Take note: These tips can mean the difference between whether your innovation sinks or swims.

So you have a great idea for a new technology, or even better, you’re already deep into the research and development process. With a little financial backing, your idea could become a reality and change healthcare as we know it. That’s the dream, but there’s a big gap between developing a technology in the lab or clinic, and successfully fundraising for a medical technology startup.

Sharing PitchBooks Q4 Wellness Tech Report. Highlights include:

• VC funding totaled $2.6 billion across 632 deals last year following a decade-high of $3.9 billion in 2018

• Startups are pivoting marketing efforts to target large corporation’s insurance plans as workplace wellness providers

• Insurance Payment Models: We’re seeing traditional B2C wellness companies seeking FDA approval

Interested in we can support you, a #MedTech #Entrepreneur, during this uncertain time? We can help you bring your idea forward and reach your next milestone from home. Read our latest program update to find the best support for your venture.

We believe that Med Tech offers a very interesting investment opportunity and methodology. Strangely, the FDA's development process configures that methodology. How so..?