Healthcare Innovation Cycle for "MedTech" Solutions

MedTech is broad term for electro/mechanical medical devices. Tracking data has been added to show an example of an early stage team at risk due to a focus on technology. Select any Maturity Level to see the core Requirements or select the Requirements themselves to see a description of what is involved in completing a requirement and curated resources.

Note:To access the Resources that describe each Deliverable, use the Sign-in button above to create an account and then click on the Deliverable or the Innovation Maturity Level to see all Deliverables at that level and click on the one of interest.

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MaturityDisplay

Requirement

Business Advisory Board

A group of highly respected advisors/mentors with knowledge in the target market.
Business advisors can be invaluable in asking critical questions, holding the team accountable for answering them and making connections. Because they are not personally “invested” in the proposed solution, they can be more objective and add different perspectives which helps avoid “group think”.
Start by asking around for names of people who have been good mentors and with knowledge in the target market. Start with one or two and grow the group over time. Typically, these are non-paid positions at this point, but you can offer a stipend for participating in meetings, etc. The typical expectation is that these advisors will become board members if a NewCo is formed.

CategoryFiltersPortlet

Resource Type
Regions/Markets