06 Aug
|
The MD Academy
|
Brantford
06 Aug
The MD Academy
Brantford
← All courses COURSE 6 Developing Ideas into Medical Products Clinician-inventors, academic physicians, and healthcare entrepreneurs A roadmap for taking a medical product idea from clinical observation through prototype development, FDA clearance, clinical evidence, manufacturing, commercial launch, and exit — written by a neurosurgeon who has done it. 10 lessons lifetime access certificate of completion Course curriculum 1Finding the Idea: Recognizing a Product Prospect in Clinical PracticeFree preview20–25 min Learning objectives Identify product opportunities embedded in clinical workflow frustrations
Distinguish between problems that are worth building products around and those that aren't
Develop a habit of structured clinical observation as an innovation practice Key takeaway: The best medical product ideas are not invented — they are observed. Train yourself to see clinical frustration as market opportunity. 2Market Sizing & Competitive Landscape20–25 min Learning objectives Estimate the addressable market for a medical product concept
Map the competitive landscape before investing in development
Identify patent-protected and trade-secret-protected IP in your space Key takeaway: A great product in a market nobody wants is a hobby, not a business. Size the market before you fall in love with the idea. 3Intellectual Property Strategy for Medical Innovators25–30 min Learning objectives Choose the right IP protection strategy for your medical product
Understand provisional patent mechanics and when to file
Protect trade secrets and proprietary data alongside formal patent protection Key takeaway: Your IP strategy should match your commercialization plan. A patent you can't enforce is an expense, not an asset. 4Medical Device Regulation:
FDA Pathways for Clinician-Inventors25–30 min Learning objectives Classify your medical device under FDA regulations
Understand 510(k), De Novo, and PMA pathways and choose the right one
Design your product development process to anticipate FDA requirements Key takeaway: FDA is not your enemy. Engage early through the Q-Submission program and your path to market becomes predictable. 5Prototype Development: From Sketch to Working Model20–25 min Learning objectives Move from concept to physical or digital prototype efficiently
Select appropriate prototyping methods for medical devices vs. software
Gather structured clinical feedback on prototypes before investing in final development Key takeaway: Show, don't tell. A working prototype changes every conversation — with investors, partners, and potential customers. 6Clinical Evidence Strategy: Studies, Publications & Reimbursement25–30 min Learning objectives Design a clinical evidence strategy that supports both FDA clearance and payer coverage
Understand what level of evidence payers require for reimbursement
Plan your publication strategy to build credibility and drive adoption Key takeaway: Reimbursement is an evidence problem. Design your clinical studies with payer coverage criteria in your left hand and FDA requirements in your right. 7Manufacturing,
Quality Systems & Supply Chain20–25 min Learning objectives Understand FDA Quality System Regulation (QSR/21 CFR Part 820) requirements
Select a contract manufacturer for your medical device
Build a supply chain that supports scale without sacrificing quality Key takeaway: Manufacturing is where medical device companies most often fail to scale. Choose your contract manufacturer as carefully as you choose your investors. 8Go-to-Market Strategy for Medical Products20–25 min Learning objectives Choose the right commercial model for your medical product
Build a clinical champion network to drive early adoption
Navigate hospital purchasing and value analysis committees Key takeaway: Clinical champions open doors that sales reps cannot. Your first 10 customers should come from relationships, not cold outreach. 9Funding Medical Product Development20–25 min Learning objectives Map the funding landscape for medical product development from concept to commercialization
Apply for SBIR/STTR grants appropriate for your product stage
Prepare a compelling pitch for medical device investors Key takeaway: SBIR grants are the most underutilized funding source in medtech. If your product has a clinical evidence component, apply before you take equity. 10Exit Strategy: Licensing, Partnership & Acquisition25–30 min Learning objectives Evaluate licensing vs. company-building vs. acquisition as commercialization paths
Understand how medical product companies are valued at exit
Prepare your product and company for an acquisition conversation Key takeaway: The best exits are not planned — they are prepared for. Build IP, build evidence, build revenue, and the conversation will find you.
📌 Developing Ideas into Medical Products (Brantford)
🏢 The MD Academy
📍 Brantford