My Nonprofit Reviews
Review for DESIGNWISE MEDICAL INCORPORATED, Loretto, MN, USA
I have been directly involved in the management of research and product development in the biomedical engineering industry for more than 50 years and have had the opportunity to directly invent and patent several products as well. In recent years, the environment for innovation has been compromised. DesignWise provides an opportunity for significant improvement in the process of development of new products. For example: In the early years, entrepreneurs have had incentives to work in research and development in primary corporations such as Medtronic. The development of new products depend on their efforts and support. However, in recent years, these corporations have begun to outsource new product development to the acquisition of small startup companies who must find outside sources of funds and technical guidance. In the early years, medical engineering opportunities were sought after by innovative students because of the developing field and the creative possibilities. However, in recent years, engineering has become less attractive to American students and possibilities for making a difference are not apparent to candidates. Largely as a result of these factors, the success of innovative entrepreneurial ventures in biomedical engineering has become limited and a majority of such ventures do not succeed. DesignWise has answers to again generating the creativity and innovation to provide new biomedical products for underdeveloped markets such as pediatrics. The relevant features of this new program are: In the face of today's economy, the DesignWise strategy makes it possible to invest a very small amount of money in order to initiate a project. The direct involvement of biomedical engineering students in the design and testing has been generating a great deal of effort and creativity by students on the teams. The enthusiasm of University faculty has facilitated the opportunity to perform well supervised clinical studies at no charge to the DesignWise projects. This would otherwise typically be one of the most costly parts of the development project. The DesignWise projects are able to move to the point where a product prototype has been constructed and clinically tested at very little cost, leaving further investments for product development at a relatively low risk.
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About every month
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