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Is Medical Device Funding In Midwest Really Picking Up?

August 1, 2012 By Leave a Comment

I’ve been reading quite a few blogs and articles about investment funding in the medical device industry. All reports seem to point to things being better than they’ve ever been–at least in recent years. And if I believe what I read, the Midwest, especially Indiana, is leading the pack. I plan to write more about this soon. I just have more research to do first.

Here’s what I do know:

  • I’m not aware of any Indiana-based medical device startups who have received venture funding any time recently.
  • Typical Indiana funding channels and resources for medical device seem to be very quiet and inactive.

What insights do you have on medical device venture funding?

Filed Under: All, Funding, Indiana Life Sciences, Medical Device - General Tagged With: , , , ,

Contest for Healthcare Entrepreneurs

June 14, 2012 By Leave a Comment

Health insurer Independence Blue Cross is hosting an innovation challenge called IBX Game Changers Challenge to develop devices, health IT solutions, and education programs to promote healthy behavior. Ideas can be submitted until July 10, 2012. Winners are supposed to be announced by the end of July. The winners will get a $50,000 grant to help develop their idea.

While it looks like this contest might be limited to the Philadelphia / Independence Blue Cross coverage area, the concept is still interesting enough to share. Maybe other health insurance providers will embrace this concept too. Maybe the prize should be free health care for life. :)

Filed Under: All, Funding, Medical Device - General, start-up Tagged With: , , , , ,

Continuing to Make Tweaks to CQ Site

June 11, 2012 By Leave a Comment

Yes, we’re still making tweaks and modifications to the CQ site. We are also considering working with Boundless Design later this year on rebranding and additional website changes.

In the meantime, please be sure to visit Creo Quality’s homepage and give us some feedback. We’ve updated the navigation menus. We also added links to Indiana Life Science Organizations.

Filed Under: All, Misc Tagged With: , , ,

State of Venture Capital (recap of Venture Club)

June 11, 2012 By Leave a Comment

I had the opportunity to attend last week’s Venture Capital Update at the Venture Club of Indiana. The panelists were Don Aquilano (Allos Ventures), John Diekman (5AM Ventures), and Rob Smith (Petra Capital). Of the venture firms represented, only Dr. Diekman’s 5AM Ventures is active in the life sciences sector.

I jotted a few notes and comments that I found interesting during the Venture Club meeting.

  • Concerns about life science sector in large part because of the increasing regulations.
  • VCs are having a hard time raising money right now. And that this is a very good market for venture investments.
  • Investor pitches should be interactive, conversational. Entrepreneurs should be good listeners too. Body language very important.
  • Is Indiana still a flyover state regarding venture investing? It shouldn’t be. Great universities, business friendly government, seasoned executives, several start-up successes (Aprimo, Exact Target, T2, Angie’s List, Suros Surgical, Marcadia).
  • Success breeds success.
  • Hot healthcare trends are orphan diseases and stem cells.
  • Recurring revenue streams are always more attractive.
  • Medical device tax might have some impact on venture investing. Bigger impat, though, will be the FDA.
  • Crowdfunding model too soon to tell. Likely won’t change the VC market.
Filed Under: All, start-up Tagged With: , , , ,

Upcoming Business Plan Competitions

February 15, 2012 By Leave a Comment

2012 Propel Business Plan Competition (from iBio)

The fourth annual PROPEL Business Plan Competition at iBIO IndEx will highlight the many formation-stage and
early-stage life sciences companies of Illinois and the surrounding Midwest. Applicants for this highly selective
entrepreneurial competition will compete for a $10,000 cash award.

Timeline:

  • 3/12/2012 – Application Deadline
  • 4/5/2012 – Announcement & Notification of Finalists
  • 4/26/2012 – Finals at iBio IndEx

Taylor University Business Plan Competition (Upland, IN)

Any individual or group with a fundable business concept is eligible to compete under the following requirements:

A. The business is a legitimate start-up with no venture capital financing

  1. Individuals or team members that have received any form of venture capital financing for their Taylor University Business Plan or a likeness thereof may not participate in the competition
  2. Note that teams with seed financing from non-venture capital sources totaling less than $75,000 may compete
  3. Any team that receives seed financing from non-venture capital sources totaling more than $75,000 at any time during the competition will be disqualified
  4. The amount and source of secured capital arrangements should be clearly identified in the executive summary

B. A top three place finisher from the previous year is not eligible to compete.

C.Business operations of  the business concept is preferably intended for implementation along the I-69 corridor generally defined as between northern Indianapolis and southern Ft. Wayne but at a minimum must be committed to the State of Indiana.

D.The proposed business concept should not be in violation of any intellectual property rights

E. Each entrant and/or team member must sign the Agreement of Understanding.

Timeline:

  • 3/5/2012 Overview / Executive Summary Due
  • 3/12/2012 Semi-finalists Announced
  • 4/10/2012 Business Plan Due
  • 4/25/2012 Finalists Announced
  • 5/10/2012 Presentations & Awards
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August 11, 2010 – Emerging Medical Technologies (EMT) Spotlight®

July 22, 2010 By Leave a Comment

Emerging Medical Technologies (EMT) Spotlight®

Starts: Wednesday August 11, 2010, 08:00AM PDT
Ends: Wednesday August 11, 2010, 05:00PM PDT
Event Type: Conference
Location: This is a virtual event.
Price: Register to attend for $399. Price on July 28th will be $599.
Website: http://www.EMTspotlight.com
Industry: medical device
Keywords: investment opportunities, partnering opportunities, funding, startup funding, investors, venture capital, licensing, acquisition, strategic partnering, startups, medtech startups, medical device startups, emerging medical technologies, emerging medtech
Intended For: Medical Device, Business Development, Marketing, Strategic Planning, Licensing, Acquisitions, Product Development, Corporate Development, Corporate Strategy, Research & Development, Market Intelligence, Investors, General Partners, Managing Partners
Organization: Life Science Intelligence (LSI)®

We continue to receive great feedback about our meetings, where deals are being made.

The top medtech investors & manufacturers will be in the audience of our next online conference where the CEOs of 20-30 medical device companies will present their emerging technologies.

Without the expenses of travel, Life Science Intelligence (LSI)® organizes meetings that provide innovators of emerging medical technologies with a convenient online platform to efficiently & securely share their business development & investment opportunities to a targeted, quality audience.

Apply to Present: http://www.EMTspotlight.com

Register to Attend: http://www.EMTspotlight.com

Inquire to Sponsor: http://www.EMTspotlight.com

LSI also produces the Emerging Medical Technologies Database: http://www.EmergingMedicalTechnologies.com

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