Industry Outlook & Insights
MedTech Exec Talk
In any economy, R&D executives must maximize their resources in order to advance next generation medical technologies and product lines. The US Department of Defense (DoD) annually funds development of specialized medical technologies to meet specific military needs in particular use environments. These programs can provide medical device manufacturers non-dilutive resources to advance technologies that are planned or already in development, or that may be too expensive or too risky to self-fund. However, many companies do not take advantage of these opportunities because they: perceive the government contracting process as daunting and resource-intensive; believe the military market is limited; and are unsure how to leverage these efforts into products for the civilian market to ensure productive revenue streams. This session will explore a business model that successfully bridges industry’s need to develop commercially-viable devices and desire to achieve this using augmented resources, with the DoD’s need for dependable sources of innovative, military-ready medical technology.