1 / 14

BME IDEA Competition

BME IDEA Competition. Seeking and celebrating the finest in student biomedical innovations. BME IDEA Competition. Sponsored by NCIIA, Medical Design Excellence Awards / Canon Communications, llc, Industrial Design Society of America (IDSA), in partnership with

bill
Download Presentation

BME IDEA Competition

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BME IDEA Competition Seeking and celebrating the finest in student biomedical innovations

  2. BME IDEA Competition Sponsored by • NCIIA, • Medical Design Excellence Awards / Canon Communications, llc, • Industrial Design Society of America (IDSA), in partnership with • Biomedical Engineering Society and • the Council of Chairs of Bioengineering and Biomedical Engineering Programs We are seeking additional corporate and foundation sponsors to support contest expenses and expansion.

  3. BME IDEA Competition 30 Institutional Participants as of October 4, 2004

  4. BME-IDEA Competition Contest ObjectivesTo identify and recognize innovative, commercializable medical devices and technologies developed by entrepreneurial student teams. Winning entries will • solve a clinical problem; • meet technical, economic, legal, and regulatory requirements; • feature novel and practical designs; and • show potential for commercialization.

  5. BME- IDEA Competition Structure • Participation is by invitation with one contest entry per school. • Interdisciplinary Teams • Categories: surgery, therapeutic applications, diagnostic applications, rehabilitative and assistive technologies, and home healthcare. • Participating teams receive a $500 stipend in the form of reimbursement for team expenses. • All competition transactions take place online, using a tool located at www.nciia.org.

  6. BME-IDEA Competition Schedule • December 1, 2004: Registration deadline • April 15, 2005: Competition materials submission deadline (online) • April 16-June 15, 2005: Judging of entries • June 2005: Finalists announced • October 2005: Winners announced at BMES Conference

  7. BME-IDEA Competition Judging • Initial judging will take place in conjunction with the MDEA conference in June 2005 • Judges will be drawn from MDEA panels along with appropriate faculty from BME and Business

  8. BME-IDEA Competition Criteria: Entries will be judged on • Technical feasibility • Clinical utility • Economic feasibility and market potential • Novelty and patentability • Potential for commercialization • Benefit to quality of life and care

  9. Technical Feasibility • Ability of design to meet customer needs and solve clinical problem • Ability of design to meet technical and performance requirements • Applicable industry standards (ASTM, AAMI) • Compliance with regulatory requirements (FDA, ISO, EU)

  10. Clinical Utility • Design features that provide enhanced benefits to patients or end user • Comfort, fit, safety, serviceability, etc. • Overall improvement of healthcare • Potential for design to • Impact quality of life, and quality of care • Reach underserved populations

  11. Economic Feasibility and Market Potential • Ability of design to meet cost constraints • Potential to meet needs of market • Ability to serve large share of potential market • Potential for device/technology to obtain regulatory approvals

  12. Novelty and Patentability • Innovative use of materials or components • New application of existing technologies in design of product • Innovative manufacturing process or design changes that significantly reduce manufacturing costs • Potential for patentability

  13. Potential for Commercialization • Assessment of potential market success • Market analysis • Market need and size • Estimated manufacturing cost, selling price • Reimbursement status • Anticipated regulatory pathway • Assessment of patentability & prior art • Business plan

  14. BME-IDEA Competition Awards and Recognition • Prizes will be awarded in a ceremony at the BMES conference in October 2005. • Prizes will include cash awards of $10,000 and product development and commercialization resources, including recognition in Canon llc publications.

More Related