9. We Are a Team Resources for business planning & start-up Academic excellence in research Product prototyping capabilities Angel Investors & access to VC’s/other Doctors to test ideas, maybe invest Clinical trials & animal facilities Can always do more.
10. But No One is Perfect Continue to work on “silos” Academic research focus Industry product focus Clinical innovation incentives University spin-off Reduce barriers to accessing resources Red tape (call Ted & Gord?) Differing mandates (IMTI, OCE, Western) Improve cooperation between companies Ongoing physician involvement
11. Industry Perspective (SME) When can I get back to work? Where can I get this made? Why do I pay more than a University-based business? Where can I test it? Who will be my product champion? How long before I can have something approved to sell?
12. The Funding Gap How to bridge the “gap” between Angel funding and VC or Big MedTech alliances? Working prototypes Proof of concept Proof of “sellability” Strong intellectual property This is where communities need to focus to grow our <25 employee SME’s
13. Rapid Prototyping Facilities We have the core capabilities in London: Western Nanofabrication facility open for industry access IMTI facility experts in laser, materials and molding Animal care facility and veterinary services Teaching hospital & clinical trials Surgical Training
14. Make it Easier For next steps, every community needs to make resources easier to access Cut the red tape Recognize that what is good for the community is good for each organization Leave something on the table whether that is industry surcharges, royalties, NDA’s Commercialization vs. Research – students need to learn how to make real products as well as create technological breakthroughs
15. Ongoing Community Involvement Surgeon/customer interaction Product Champions Preferred access to SME’s Link the relevant resources through one access point: Ideas => Prototype => Testing => Trials Result: Improved Innovation Performance
16. Don’t Wait Many excellent provincial and national efforts in progress. Let’s not wait to follow a new process Lead The Process instead!
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