Medical Device Early Stage Support
To bring your idea to reality or market, you will need capital and an effective team. There are many costs which are being overlooked in the early process. To successfully bring product to the market, consider costs associated with
- manufacturing equipment,
- testing,
- certifications with notified bodies,
- product registrations,
- clinical trial management, and many other items.
Capital can be obtained from many sources, including
- angel investors,?
- venture capitalists,
- other companies, and grants.
Having a solid, exhaustive plan will go a long way to relieve the concerns of potential investors.
Some decide to hire full time employees, while others find consultants. There are many great consultants across all of the functional groups including quality, regulatory, design, manufacturing, etc. that have taken products to the market, so it can help to leverage their experience and expedite the process with expertise in team.