Lean Product Development for Medical Devices

Please join us for Part 3 of the 2014 M2D2 Educational Series Program. The featured presentation will be “Lean Product Development for Medical Devices”. This will be held on Thursday, April 24, 2014 from 6-8pm at the M2D2 Innovation Hub, 600 Suffolk Street, Lowell MA. Moderator for this program will be Brian Scrivens, Director of Product Consulting, MPR Products. The featured panel includes Mark Boden, Director Y Senior Research Fellow, Boston Scientific; Lee Burnes, Vice President of Research & Development, Covidien and Craig Mauch, Director of Product Design, MPR Products. Registration fee until April 17: $10.00 and Registration Fee after April 17: $20.00. Light refreshments will be served to register for this event now! REGISTER HERE!

This event is sponsored by Nutter McClennen and Fish LLP.

M2D2 NEW VENTURE COMPETITION EARLY REGISTRATION ENDS FRIDAY – 01/31/14

M2D2 Third Annual New Venture Competition 2014

Sponsored by Nutter McClennen & Fish LLP and Smith & Nephew, Inc.

M2D2
in partnership with their sponsors Nutter McClennen & Fish LLP and
Smith & Nephew is hosting a medical device startup competition that
will find Massachusetts’ best new medical device ventures – and award
thousands of dollars worth of services.

M2D2 is pleased to
announce the M2D2 New Venture Competition 2014 to showcase the
innovative developments of early-stage medical device companies.
Companies will compete for $50,000 of services from M2D2, Nutter
McClennen & Fish LLP, and Smith & Nephew, Inc. See below for
description of services.

Who is Eligible

The Massachusetts Medical Device Development Center – M2D2 New Venture Competition is open to medical device technology-based startup businesses. Companies developing devices which could impact Orthopedic Reconstruction, Sports Medicine, and Trauma are particularly encouraged to apply. The venture must involve the development of a new medical device. Companies need not be based in Massachusetts to be eligible.

Competition Details and Deadlines

Prizes $50,000
A total of $25,000 in M2D2 Services will be awarded, including:
Product Development (prototyping, etc.)
Business Development (business plans, market development, etc.)
Medical Development (clinician consultation, animal trials, etc.)
M2D2 Laboratory Space
A total of $15,000 in Legal Services from Nutter McClennen & Fish LLP
A total of $10,000 in services from Smith & Nephew, Inc.

Entry Fees – Apply early to receive discounted application fees:
By January 31, 2014: $25
By February 10, 2014: $50

For full contest details, including application please contact Mary Ann Picard by email at m2d2@uml.edu or by phone at 978-934-3465. Check back again or check our website at www.uml.edu/M2D2 as we will be adding further information regarding the M2D2 New Venture Competition in the coming week!

M2D2 New Venture Competition Winners Announced

April 10, 2013

Little Sparrows, Cellanyx Diagnostics, and BioSignostix today were named the 2013 winners of the Second Annual M2D2 New Venture Competition awards program, which seeks out the most promising new medical device technologies in Massachusetts. The winners were announced at an awards ceremony at the headquarters of Nutter McClennen & Fish LLP in Boston’s Innovation District.

The entrepreneurs developing these new products received the highest scores from independent judges who heard their “pitches” at the M2D2 (Massachusetts Medical Device Development Center) Innovation Hub at UMass Lowell in March. At the awards ceremony held today, all 15 companies that reached the final round of the competition offered a poster session and they again pitched their product ideas.

The first-place-winning product idea addresses neonatal jaundice and will receive $10,000 in M2D2 development services and Nutter legal services. The award will help this start-up advance their product development and business concept toward commercialization. Also, Gweepi Medical, which addresses urinary incontinence management, won the People’s Choice Award and will receive $2,000 in M2D2 services and Nutter services.

“The M2D2 New Venture competition showcased 15 great new medical device ideas this year. They are all worthy of support. We especially congratulate the winners – Little Sparrows, Cellanyx, and BioSignostix — and pledge to help them succeed,” said Stephen McCarthy, co-director of M2D2 and UMass Lowell plastics engineering professor. “Working with these entrepreneurs helps M2D2 fulfill its mission: ensuring that Massachusetts is the best place in the world for medical device startups.”

“The M2D2 new venture competition is becoming a signature event for medical device entrepreneurs,” said William C. Geary III, co-managing partner of Nutter, which was the title sponsor of the competition. “Our lawyers coach the entrants on their pitches and expose them to potential funding sources. It’s exciting to see the innovation taking place, and our participation is a way to contribute to a strong medical device industry with a competitive future.”

The annual M2D2 New Venture Competition is open to Massachusetts-based medical device technology startup businesses and inventors. This year, 15 finalists were chosen and presented their concepts to a panel of judges. The prize money includes services from the UMass schools, coordinated through M2D2, including prototyping from the UMass Lowell College of Engineering, business plan and market development from the UMass Lowell Manning School of Business, and services from the Medical School in Worcester. The competition is sponsored by Nutter, which is also a platinum sponsor of M2D2.