Innovative Product Development and Technology Adoption for Medical Applications - Biomaterials Science: An Integrated Clinical and Engineering Approach - page 285

Asia

World
Health
Organization

Africa

Center for
Disease
Control

Developing
countries
with Rabies
issues

Rabies
vaccine

South
America

Biotech
industry
partners

State
legislatures
with wildlife
issues

SPCA

U.S. Dept. of
Agriculture

FIGuRE 11.3
Medical Sayre Analysis model.

Business Plans
Write business plans for the development of advanced technologies to
examine the path of transition and the evolutionary path for inserting
these technologies into multiple customer product markets. It's important
to get the process down for development, but it's even more important
to determine the business model and the funding streams. Most devel-
opments that I've seen fail were based on funding issues. That is one
reason for multiplying the potential sources of funds early in the cycle.
There are a number of sources that can be tapped to get through the ini-
tial prototype developmental stages, but my recommendation would be to
use as many as possible in the current fiscal environment. When we bring
in partners that have critical technologies that are already developed, we
diversify the risks. Don't multiply the risk by attempting to develop the
entire system from scratch. Using someone else's display and technology
platform to move your sensor technology to the higher level is a smart
option.
The compatibility and ease of use factors can also be accentuated if the
developer stays away from proprietary systems. The reason so many iPhone
applications are available is that they are compatible with every iPhone. If
you make a medical sensor and it has to have a proprietary display, it will
probably be harder to sell than one that can be displayed on a standard per-
sonal laptop with some easy-to-load software application.